Yan from Owner.One
Typically, a capital founder has considered several options they believe would ensure the transit of capital to family members in case of unforeseen circumstances. However, their effectiveness as of today is low and continues to decline.- Sharing all information with family members in advance. A critical condition is monthly updates. Neither the founder nor family members are usually willing, able, or equipped to handle this task. The effectiveness of capital transit is 65.3%.
- Involving third parties (lawyers, advisors, trustees). The founder would need to invest significant time in organizing the process. The effectiveness is 68.3% (excluding the risk of abuse).
- Drafting a will. The issue is not with the document itself but with the procedure of executing the will and obtaining the rights. A large amount of information about each asset is required, which successors simply don’t have. Modern wills need to be updated quarterly or monthly, which no one does. The effectiveness is 61.2%.