Give Your Kids Money Now or Later? How to Make the Best Decision

Would you like to learn more about passing down your estate? Schedule a free consultation here 👉 https://aba.link/jut3 In this video, Toby Mathis explores a powerful question: is it better to leave your children a large inheritance after you're gone, or help them financially when they need it most during your lifetime? WATCH Next 👉 What Living Trust Lawyers Won’t Tell You (But I Will) https://youtu.be/53eXNs9dp3Y You'll learn why many retirees end up dying with more wealth than they started retirement with, the difference between lifespan and healthspan, and how "memory dividends" can create value long after an experience is over. Toby also breaks down the three common wealth mindsets—the Consumer, the Protector, and the Steward—and explains how each approach shapes decisions about spending, saving, and passing on wealth. If you've ever wondered how to balance enjoying your wealth today with creating a lasting legacy for future generations, this discussion offers a fresh perspective on what it truly means to use money wisely. 🔔 Stay ahead of the curve. Subscribe for cutting-edge insights on real estate investing, business strategies, and more! Show Notes: 0:00 Intro 1:42 Why Many Retirees Die With More Than They Started 2:40 Health Span vs. Lifespan & Memory Dividends 3:16 The Three Wealth Mindsets: Consumer, Protector & Steward 4:03 The Consumer: Spending for Experiences and Impact 4:49 The Protector: Fear of Running Out of Money 6:27 The Steward: Thinking 300 Years Into the Future 8:24 Wealth as a Tool for Values, Not Just Money 9:01 Creating an Educational Legacy for Future Generations 9:36 Using Trusts and Life Insurance to Preserve Values 10:55 Why Inheritance Is Really About Transferring Values 12:05 Why the Goal Isn't Dying With Zero or Millions 12:23 Protecting Children Without Giving Them Full Control 13:39 Enjoy Your Wealth While Still Protecting Your Legacy 14:46 The Milton Hershey Legacy Example 16:17 Consumer vs. Protector vs. Steward 16:48 Creating a Family Legacy Plan 17:18 Outro --------------------------------------------------------------------------------------------------------- FREE TAX & ASSET PROTECTION WORKSHOP Register for an upcoming workshop today if you want to protect your business and personal assets from snoopy lawyers and creditors. Save Your Seat: https://aba.link/cxds FINANCIAL PLANNING & TAX RESOURCES 📚 Order Your Copy of "Infinity Investing: How The Rich Get Richer And How You Can Do The Same" Here: 👉👉 👉 https://aba.link/IIWbook ~~~~ FOLLOW US: Instagram: https://aba.link/instagram Facebook: https://aba.link/facebook Twitter: https://aba.link/twitter LinkedIn: https://aba.link/linkedin TikTok: https://www.tiktok.com/@tobymathisesq ~~~~ CONTACT US Phone: 800.706.4741 Email: info@andersonadvisors.com Fax: 702.664.0545 ABOUT TOBY MATHIS Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba --------------------------------------------------------------------------------------------------------- WARNING: I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name, and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture. The information provided in this video should not be construed or relied on as financial, investment, or legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. #EstatePlanning #LegacyPlanning #Inheritance #LivingTrust