In this episode, host Elizabeth Ledoux is joined by Mark Richards, Principal of the Winged Keel Group.
Mark shares his insights on legacy preservation and wealth transfer strategies. He also shares his personal experience with succession planning, including the importance of having an advisory board to hold him accountable.
Elizabeth and Mark also discuss how life insurance can play a crucial role in legacy preservation for ultra-affluent individuals and business owners. They also discuss the challenge of selecting a trustee for a multigenerational trust, as it requires identifying someone who can make decisions that align with the grantor's intent while also maintaining strong relationships with beneficiaries.
Connect with Mark Richards on LinkedIn: https://www.linkedin.com/in/mark-richards-6472639/
Learn more about the Winged Keel Group: https://www.wingedkeel.com/
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
Legacy Building & the Role of Family in Business Growth, w/ Danielle Scimeca
Navigating Purposeful Planning & Maximizing Impact, w/ John A. Warnick
From Startup to Succession: Wealth Planning for Entrepreneurs, w/ Nelisha Firestone
Kickstarting Your Business Transition, w/ Andrea Carpenter
The Art of Pivoting: Alina Martin on Merging & Selling Businesses
Preparing Heirs & Optimizing Your Family's Impact, w/ Josh Kanter, CEO of leafplanner
How to Be Successful as a Successor CEO, w/ Kyle Recchia CEO of The Perfect Workout
Prioritizing People Over Profits: The Role of Trust in Business Succession Planning, w/ Caio Campello
The Greatest Wealth Transfer: Ensuring Success in Family Business Transition
From Oysters on a Cart to Seafood Empire: The Legacy of Seattle Fish Company, w/ James Iacino
The Power of Eliminating Options & Focusing on Less, w/ Jay Rollins
What Is It Like To Be A Business Transition Guide?
The Role Of Emotional Intelligence In Ensuring Successful Business Transitions
Wealth Transition Planning, with Brannon Fisher
Finding Freedom: How a Thoughtful Business Transition Changed Everything, w/ Tom Kirk
Tax Efficiency in Business Transitions: Strategies & Considerations w/ Eric Lake
The Importance of Planning Your Exit Strategy with Ned Minor
Insider Tips on Successful Succession Planning
A Journey of Business Succession & Professional Reinvention With Dawn Abbott
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Aligned Money Show
Gorse Culture PODcast : The H.R. Detective Agency!
HCI Leadership Revolution
The Ramsey Show
Planet Money