How do I inherit wise?
What is an inheritance scheme all about? Ultimately, only the personal freedom of all involved can be the overriding goal. The result for the testator would ideally be, to be able to turn and look forward, in face of his own death without having to waste another thought on the world behind him. We can't live on in our children or heirs anyway and we shouldn't even try. The regulation of the estate is intended to free us for the great journey, not to entangle us further in earthly business. If you didn't trust anyone until the end, you have to do it now. Or not. It doesn't matter anymore. He who is dead is out of the earthly game. Responsibility for the material world lies with the living.
Becoming free also means freeing oneself from mixtures and guilt entanglements with other people: Towards the end of a lifetime, can the correct use of the acquired assets heal the lateral damage that may have occurred during its accumulation? "Anyone who dies rich dies indecently," Andrew Carnegie, a steel industrialist who has not always been considerate in his life, is quoted. Bil Gates and others seem to think alike. Christ anyway: "It is easier for a camel to pass through the eye of a needle than for a rich man to enter the kingdom of God."
Who should get what?
Family: The importance of "family wealth" (which does not in fact exist legally) to secure the material existence and care of family members is dwindling more and more. As a rule, every family member today has his or her own profession and his or her own legal or private insurance. The testator can therefore feel much more free in testamentary dispositions than before.
The inheritance should be a support to the descendants for their own path, but not determine their path. Everyone carries his own personal plan, he must be respected. Thus the heritage must fit the heir, not the heir must turn to the inherit. Burdening the heir with his own unrealized dreams is of no use to either of them.
Successor: Happy because free, is the one who at the end of his life has achieved what he had planned. He who finds someone who wants to finish his unfinished work could also become happy and free. But you can't buy him. The task he takes on must fit into his own life. It must be his own innate mission. And it must be such that he can fulfill it, finish it and become free himself. Only a family dynasty for its own sake can no longer be a reasonable goal in a modern world of free people. The individual, the single person, even the foreign one, is always larger and more valuable than a whole dynasty.
How much heritage is adequate?
What is appropriate is determined by
- according to what's available. If that is little, little may also be enough. Sometimes the gesture is enough.
- according to what the intended heir can use sensibly. It should stimulate him, not paralyze or confuse his own powers.
- to the extent of the society in which the heir lives. If you overly favor him over his fellow human beings, then you disturb and burden his relationships with them. A disservice.
An inheritance seems to be unproblematic up to the level of the average heritage of the country, i.e. the value that theoretically everyone could inherit. This should be somewhere between 200 and 300,000€ in Germany. An inheritance that goes beyond this requires a valid reason, a justification. Ultimately, this justification can only succeed if the heir and his legacy take on a task that has a corresponding significance for society as a whole and which only he alone can successfully implement. Inheritors and heirs often lie to each other in this.
Our tips for you as a testator:
Widen your eyes. At the end of his life, man should be more than the unreasonable animal, which only its own brood has in mind. Even with regard to your descendants, the best thing you can do is to leave behind at least a little bit of a better world than you have found.
Finding people in the world who need help, and finding problems that push for a solution is easy. The world will praise you if you alleviate misery with your estate, and we will praise you too.
But if you also want to invest in the justice in the world, that is, to address the systemic causes of need and poverty and to promote people in their self-development: Welcome to the club! You can use the foundation for your goal. It will develop a method to give assets directly to those young people who would otherwise inherit nothing. This without paternalism by the state. It will install in society an element of natural justice. Join us and bring with us the first season of a General Basic Inheritance on the way. This act will not leave the world untouched.