From Farm to Foundation: The Lasting Legacy of Vilho Mustajärvi

How Municipalities Will Benefit from Legacies in the Future: A Closer Look at the Process

Juhana Rossi, in her article, highlights the importance of leaving a large inheritance but also emphasizes the value of spending money wisely during one’s own life. Vilho Mustajärvi, a farmer from Evijärvi, did just that when he passed away at the age of 84 in 2022 without any heirs. He decided to bequeath his assets to a foundation that supports the hobbies and studies of young people in his hometown, leaving behind an inheritance of 4.2 million euros.

In recent years, several municipalities have benefitted from individuals who have died without heirs leaving behind significant inheritances. While some have intentionally chosen to leave their assets to the municipality, many have passed away without a will, resulting in their inheritance going to the state. As the baby boomer generation nears the end of their lives, it is expected that more inheritances will end up in municipalities in the future.

It is crucial for individuals to plan how their inheritance will be used after their passing and make intentional decisions that align with their values and priorities. Mustajärvi’s decision to support young people in his hometown serves as an example of how an inheritance can have a lasting positive impact on society. While leaving a large inheritance is admirable, it is equally important for individuals to use their wealth wisely during their lifetime to maintain a good quality of life. Ultimately, it is up to each individual to decide how they want their wealth to be used after they pass away and ensure that it aligns with their values and has a positive impact on society.

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