Harold is a middle-aged man living a peaceful suburban life with his family. he has accumulated quite some wealth through operating a small business. he wants his assets and wealth to be proportionately distributed between his wife and children. harold hires an attorney to create a document specifying this distribution. which phase of the financial life cycle is harold in?

Harold is a middle-aged man living a peaceful suburban life with his family. He has accumulated quite some wealth through operating a small business. He wants his assets and wealth to be proportionately distributed between his wife and children. Harold hires an attorney to create a document specifying this distribution. Which phase of the financial life cycle is Harold in? Harold is in the final and third stage of the financial life cycle: "distribution"

Explanation:

Harold is in the distribution because he has accumulated money in his early stages, he preserved his wealth and kept it growing by running his business as well as his assets. So now after being part of the workforce, leaving it to start a business, getting his assets and wealth, managing it and preserving it to kept it growing he retired, and now that he has come to an age in which he has to think about what his family is going to do when he is dead, he has hired an attorney to plan the distribution. He is already in the distribution cycle but he is planning it in the ultimate level this cycle can have.

i honestly have no idea

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