Were these truly Oscar Wilde’s last words? How many of us will consider this on our deathbed? Lotus F-1 racing cars used to have a philosophy. They believed the best car would be one that ran the race. It would then fall apart as it crossed the finish line. On your death, what will you be leaving?
Do you have a plan for your end-game status? Are you going to leave a packet of cash to your family, on your death? Or are you going to burn it all and enjoy it? Leave a nice corpse but an empty wallet? Good questions to ask.
If you are planning to scorch the earth financially and leave a lovely corpse, warn your Estate Executor. You may end up with debts after you have passed on, but they should die with you. Ensure your liquidator fully understands your plans to crash and burn financially.
I have not met anyone who has this plan. Most folks seem to wish to leave a legacy for their family, but if your plan is to spend it all before you are gone, good on you! Might I suggest BitCoin?
🔗 External Good Reads: How Much Should You Die With?
- How Much Should You Leave Your Kids? – The Blunt Bean Counter
An accountant’s take on legacy, fairness, and the psychology of estate planning. - How Much Is Enough? – Retire Happy
A practical guide to calculating how much you need to retire and what to leave behind. - Another Emotional Reason to Take CPP Early -- Michael James on Money
