Monthly Archives: August 2019

Episode 14 – 10 Strategies for Estate Planning



For high-income families, estate planning is a critical part of planning for their financial future. However, sometimes the logistics of estate planning can get complicated.

In this episode of The Truth About Wealth Podcast, Michael Parise shares his legal expertise with 10 strategies and ideas for estate planning.

In this episode, you will learn:

  • The importance of finding and retaining key talent for your financial team
  • How to use various trusts in your estate planning to aid in your charitable planning
  • The benefits of using an ESOP to protect your business culture after a sale of the company — and save money in taxes
  • How to use life insurance to benefit long-term cash flow
  • Why you might need to pay a little more to save more in the long-term
  • And more!

Tune into this teaser episode and hear Michael’s introduction to the Copper Beech strategies for estate planning!

Resources:  Copper Beech Financial Group


Episode 13 – 7 Common Objections to Trusts: Part 2



Trusts can be highly beneficial tools for generating and conserving wealth through multiple generations. However, it’s common for individuals and families to have objections to establishing trusts.

In this second part of a two-part series, John and Michael Parise explain — and debunk — some of those common objections and share their expertise on the benefits of trusts.

In this episode, you will learn:

  • How John and Michael educate their clients through family meetings on the usefulness of trusts
  • How trusts can support beneficiaries’ natural desires to be self-sufficient
  • The value of a legacy letter when establishing trusts
  • How to balance wealth preservation with the ability to enjoy family wealth
  • How Michael works with other attorneys to establish flexibility and exit strategies with trustees in documents
  • And more!

Tune in to hear the final four objections to trusts in this episode of The Truth About Wealth Podcast with John and Michael Parise!

Resources:  Copper Beech Financial Group | 7 Common Objections to Trusts: Part 1