How can generational planning help secure your family’s wealth for the future?
Today on The Truth About Wealth, John and Michael Parise get together for a follow-up from the previous episode about upline generational planning.
This week, they explore two case studies: the first concerning a family business owner with asset protection needs due to the father’s illness and estate tax exposure, and the second involving a family’s desire to establish a philanthropic foundation.
The discussion covers the importance of estate planning documents, beneficiary designations, charitable trusts, and aligning philanthropic efforts with family values.
Talking points include:
Resources:
Connect with John and Michael Parise:
Episode 45 – The Financial and Emotional Components of Legacy Letters
Episode 44 – Bringing The Next Generation Into The Family Business – Part 2 — With Guest Jeff Savlov
Episode 43 – Raising Children in the Context of Family Financial Success
Episode 42 – Intentionally Defective Grantor Trust Planning in 2020
Episode 41 – Planning For Special Needs Adults – With Guest Mike Byrne
Episode 40 – Special Needs Planning And The Issue Of Guardianship
Episode 39 – The Alternative Investment World Of Collectible Coins – With Guest Keith Jacobsen
Episode 38 – Premium Financing Of Life Insurance Policies – With Guest Darren Sugiyama
Episode 37 – When Planning Doesn’t Go as Planned
Episode 36 – Charitable Lead Annuity Trust – With Derek Myron
Episode 35 – Managing Family Businesses
Episode 34 – Expand Your Wine Palette and Start Your Collection –– With Tim O’Rourke
Episode 33 – The Importance of Creating a Business Succession Plan
Episode 32 – Impact Investing — with Christopher Vroman and Dr. Laura Fenster Rothchild
Episode 31 – Your Common Concerns Answered
Episode 30 – A Family Mission Statement is Key for Your Legacy
Episode 29 – A Recession on the Horizon with guest Paul Dietrich — Part 2
Episode 28 – A Recession on the Horizon — with guest Paul Dietrich
Episode 27 – Options to Reduce Your Taxes for Your IRA — With Mary Read, CPC, CPFA, QPA
Episode 26 – Is Your Estate Plan Public or Private?
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