People who win the lottery often lose their winnings quickly.

Many, many, many people have become insanely rich, obtaining enough money to establish a lifetime income, but instead the have spent it all in just a couple of years.

Other people build comfortable wealth on a modest income.

I hear colleagues shocked that wealthy people are often unwilling or hesitant to pay for a will or trust to protect their legacy for their later years. Yet, perhaps it is because they are careful with what they spend that causes them to hold back. It is our job to explain the value of planning, but also to recognize that some people will not care to protect what we see as a large legacy. They may not think it is large, may not want to face a time when they are gone, or maybe they are just not quite ready yet.