My question is that is it advisable to own too many properties that are unproductive with the expectations that they would stand as aids to us in the future or should we just own few assets and make sure they are of the best standards and are generating money for us regularly? There are different factors to this point that you are raising. It depends on the person's intellectual capacity to run those businesses or own those properties, the purpose and type of property or business. If you grow your business into LTD or PLS then you know that it would be handled by share holders to an extent and even if you are gone, the business or property will still be alive. However, regards to property, there is a part about the owner and the family. Some people don't disclose their property to their families and when they grow into dementia, they won't be able to remember all that they have. This is why writing of will is important depending on how rich you are, you might forget some properties when you don't disclose to family members. It is very unsafe to not disclose your property to your family, though you also highlighted writing of will there are people who wrote their will and entrust it to their lawyers and hiding it from their children or family because they don't want them to know their shares early anyways it is either you announce your will when you are still alive or some of your properties will be lost to another person.
                     My question is that is it advisable to own too many properties that are unproductive with the expectations that they would stand as aids to us in the future or should we just own few assets and make sure they are of the best standards and are generating money for us regularly? There are different factors to this point that you are raising. It depends on the person's intellectual capacity to run those businesses or own those properties, the purpose and type of property or business. If you grow your business into LTD or PLS then you know that it would be handled by share holders to an extent and even if you are gone, the business or property will still be alive. However, regards to property, there is a part about the owner and the family. Some people don't disclose their property to their families and when they grow into dementia, they won't be able to remember all that they have. This is why writing of will is important depending on how rich you are, you might forget some properties when you don't disclose to family members. It is very unsafe to not disclose your property to your family, though you also highlighted writing of will there are people who wrote their will and entrust it to their lawyers and hiding it from their children or family because they don't want them to know their shares early anyways it is either you announce your will when you are still alive or some of your properties will be lost to another person.

                     My question is that is it advisable to own too many properties that are unproductive with the expectations that they would stand as aids to us in the future or should we just own few assets and make sure they are of the best standards and are generating money for us regularly? There are different factors to this point that you are raising. It depends on the person's intellectual capacity to run those businesses or own those properties, the purpose and type of property or business. If you grow your business into LTD or PLS then you know that it would be handled by share holders to an extent and even if you are gone, the business or property will still be alive. However, regards to property, there is a part about the owner and the family. Some people don't disclose their property to their families and when they grow into dementia, they won't be able to remember all that they have. This is why writing of will is important depending on how rich you are, you might forget some properties when you don't disclose to family members. It is very unsafe to not disclose your property to your family, though you also highlighted writing of will there are people who wrote their will and entrust it to their lawyers and hiding it from their children or family because they don't want them to know their shares early anyways it is either you announce your will when you are still alive or some of your properties will be lost to another person.

                     My question is that is it advisable to own too many properties that are unproductive with the expectations that they would stand as aids to us in the future or should we just own few assets and make sure they are of the best standards and are generating money for us regularly? There are different factors to this point that you are raising. It depends on the person's intellectual capacity to run those businesses or own those properties, the purpose and type of property or business. If you grow your business into LTD or PLS then you know that it would be handled by share holders to an extent and even if you are gone, the business or property will still be alive. However, regards to property, there is a part about the owner and the family. Some people don't disclose their property to their families and when they grow into dementia, they won't be able to remember all that they have. This is why writing of will is important depending on how rich you are, you might forget some properties when you don't disclose to family members. It is very unsafe to not disclose your property to your family, though you also highlighted writing of will there are people who wrote their will and entrust it to their lawyers and hiding it from their children or family because they don't want them to know their shares early anyways it is either you announce your will when you are still alive or some of your properties will be lost to another person.