Vilho Mustajärvi, a farmer from Evijärvi who passed away at the age of 84 without any heirs, set an example of thoughtful financial planning by leaving his assets to a foundation that supports the hobbies and studies of young people in his hometown. The foundation now has assets worth 4.2 million euros, thanks to his legacy.
In recent years, several municipalities in Finland have benefited from significant inheritance income left behind by individuals who passed away without heirs. These individuals had either consciously designated their property to the municipality or allowed the inheritance to go to the state in the absence of a will, allowing municipalities to apply for a share of it.
As baby boomers near the end of their lives, it is expected that more inheritances will be directed towards municipalities. Whether someone chooses to leave their inheritance to a county or a good cause, it’s important that the resources are utilized according to their wishes, as demonstrated by Mustajärvi’s planning.
Elderly individuals should also consider using their wealth wisely during their lifetime rather than leaving a large inheritance for a good cause alone. By doing so, they can ensure that their wealth is put to good use and has a positive impact over the long term. Ultimately, it’s about finding sustainable choices that benefit both oneself and others.
The story of Vilho Mustajärvi serves as a reminder of the importance of thoughtful financial planning and its impact on future generations. Whether one chooses to leave an inheritance or use their wealth wisely during their lifetime, it’s important to ensure that resources are utilized for meaningful purposes that benefit others.
In conclusion, while leaving an inheritance for a good cause is commendable, judiciously utilizing money during one’s lifetime is also essential in ensuring that wealth is put to good use and has a lasting positive impact on society.