Important Incentives There may be incentives which are important but are not crucial for the beneficiary to survive and prosper. They have a serious purpose in that their effect should be far reaching for example such as your wishing them to learn their family language as that will connect them better with members of the family and community.Between the other incentives, the Important incentives may prove to be the ones of the most lasting benefit if carefully chosen and well implemented. Some of these may prove to be foundational
7. BUSINESSBeing good in business is the most fascinating kind of art. Making money is art and working is art and good business is the best artAppoint suitable people to encourage your beneficiary to start a business. Only if your beneficiary is keen of course. Your beneficiary will learn and grow and maybe build something of value
Make sure that expand on each incentive in the Book
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8. TEACHING
I think the teaching profession contributes more to the future of our society than any other single profession. John WoodenA teaching qualification would be of invaluable benefit.Inspire your beneficiary to become a teacher for a few years , with a period in other nominated countries. Teaching is a worthwhile profession and not well paid generally. 9. PROPERTYA people without the knowledge of their past history, origin and culture is like a tree without roots. Marcus Garvey
Buy a nice place where your roots are and pay your beneficiaries to stay and visit for a set period every year or two. If they don’t then the reward forfeited to some other lesser cause
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10. LEGAL SKILLS“Are you planning to follow a career in Magical Law, Miss Granger?” asked Scrimgeour.
“No, I’m not,” retorted Hermione. “I’m hoping to do some good in the world!” J.K. Rowling, Harry Potter and the Deathly HallowsYour beneficiary will need to deal with lawyers regarding probate. Pay your beneficiary to attend courses and lectures on estate planning and management. This will enable them to be a useful part of the process
11. OLDER PEOPLEWhen old people speak it is not because of the sweetness of words in our mouths; it is because we see something which you do not see. Chinua AchebeWorking with and helping the elderly is rewarding. Your beneficiary will also learn much from the wisdom of the older and wiser. This can be truly enriching, and an incentive will make all the difference
12. CHARITYIf you haven't got any charity in your heart, you have the worst kind of heart trouble.Bob Hope
Incentivise your beneficiary to work with one of several nominated charities.This will help them to become more caring people.
Such experience will help if you are also making sizeable donations to charity13. DANCEEverything in the Universe has a Rhythm
Everything Dances . Maya Angelou
Dancing will refresh parts of the body that the other senses do not embrace. Folk Dance, Hip Hop, Latin, Ballroom and Garba and Raas . There are many to choose from. And if they don’t want to dance then encourage them to appreciate dance performances14. MUSICAh Music! A Magic far beyond all we do here J K Rowling Harry Potter and the Sorcerer's StoneGet them to learn a musical instrument. Many benefits, they could form a band . Pay them to make a music video.There are many possibilities with music15. BOOKS“I declare after all there is no enjoyment like reading! How much sooner one tires of any thing than of a book! -- When I have a house of my own, I shall be miserable if I have not an excellent library.” Jane Austen, Pride and PrejudiceThe most invaluable insights and guidance can come from reading a selection of books. Some will be foundational.Many of your choice and many your beneficiary may find interesting.Say £150 per book depending on the character of your beneficiary.
We cover in detail the rationale and purpose
of each of these selected Incentives, and many more, in
our full book on Incentives and Estate Planning
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