Every tool or tactic applied to your affairs has side effects; investment, legal and tax issues are inherently linked. Likewise, any meaningful life goal comes with trade-offs.

As wealth accumulates, these side effects and trade-offs become more complex; every action has a correlated opportunity cost in another area. Sometimes the ramifications are more harmful than the problem you set out to fix in the first place. Some of the most profound and potentially negative impacts can lie dormant for years, surprising the family decades after the initial implementation.

That’s why effective planning lets you evaluate multiple strategies simultaneously. You see the side effects and trade-offs in advance of decision making. Planning with this complete picture at hand allows you to evaluate the wide reaching impact of your actions before you pull the trigger.