Ella’s Hard Lesson

Ella loved her only grandson, Max. He was 22, sweet, artistic, and full of dreams. She often said she wanted to give Max a head start financially.

So she put aside $500,000 in her will for him; no strings attached.

Six months after her passing, the money was gone. Max had tried to launch a clothing brand. He rented a loft, hired designers, and spent big on social media. But he never understood business planning, budgeting, taxes, or inventory management. When it failed, he spiraled emotionally.

By the time his parents stepped in, Max was living on credit and full of guilt.

An inspiring loft interior where dreams are pursued

What Ella intended as a blessing had become a burden not because of bad intent, but because he lacked the tools. Ella, could have went to a SaferWealth advisor to manage the investment; in essence, attach some strings.

SaferWealth Advisor would assist in business plan development, budgeting, taxes, HR, inventory management, get additional financing and so on. This would have increased exponentially Max’s chances of success and he would have honoured his grandmother’s desire for the gift.

A SaferWealth advisor can assist in setting up controls on your legacy.