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July 13, 2022

Mind Your Business

Cornelius Vanderbilt apparently said “Mind Your Business”, or something close to it, in the sense that folks would do better if they’d focus on their businesses (and families) and be tending to them.  In other words, the focus wasn’t on staying out of someone else’s business, but really overseeing all aspects of your own.  That mindset apparently worked out well for a gentlemen who built a net worth of approximately $100 Million by the late 1800s.
 
The message resonates with us too. We’re continuously seeing that the clients having the most success with their health, family and business are often the same in all these categories.  In other words, they’re spending time on each of the parts of their lives that are important to them, not only one.
 
So while you’re building wealth for yourself and your family, are you tending to all legal aspects of it?  Do you have a legally binding plan – that is current – in case of your incapacity or death?  Are you setting your kids up for long-term success?  For example, are there financial mentors built into your plan to help them if you are not around?  What about structures or speed bumps to make sure the wealth is a long-term lifestyle builder for your descendants and not wasted, or worse, used in ways that decrease their wellbeing?
 
We have the legal tools, including ones for the Proactive Business Owner and the Proactive Family Leader, to help you “mind your financial health” and we look forward to sharing them with you in your next meeting with one of our attorneys.
About The Author

 

Founding Partner of Stewart Law, P.A. Estate Planning and Corporate Law Firm

 

 

 

 

 

 

 

Todd A. Stewart, CPA, JD
Founding Partner

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