Category Archives: Financial Planning

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Episode 43 – Raising Children in the Context of Family Financial Success



When is it the right time to start having financial conversations with your children?

Today, John and Michael are joined by Jeff Savlov, founder of Blum & Savlov, LLP. Jeff shares his experiences with families educating their children on financial success. He explains why it’s better to begin having conversations regarding financial matters early in the child’s life.

In this episode, you will learn:

  • Why Jeff uses the term ‘Success’ instead of ‘Wealth’
  • How early parents should have conversations with their children regarding financial success
  • Why Jeff believes children are more capable of understanding complex ideas
  • And more!

Tune in now to learn more about having tough financial conversations with your young children!

Resources: Copper Beech Financial Group | (865) 988 -8300 | Blum & Savlov, LLP


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Episode 42 – Intentionally Defective Grantor Trust Planning in 2020



An intentionally defective grantor trust is an estate-planning tool used to freeze certain assets of an individual for estate-tax purposes. What makes 2020 the perfect time to take advantage of this type of trust?

In this episode, John and Michael Parise dive right into the benefits of intentionally defective grantor trusts and why the best time to take advantage of this plan is right now! 

In this episode, you will learn:

  • What an intentionally defective grantor trust is and how it works
  • How to unravel these trusts
  • How it has benefited families
  • Why 2020 may be the perfect time to utilize this tool
  • And more!

Tune in now to learn more about intentionally defective grantor trusts!

Resources: Copper Beech Financial Group | (865) 988 -8300 |  Episode 36 – Charitable Lead Annuity Trust

 


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Episode 41 – Planning For Special Needs Adults – With Guest Mike Byrne



Special needs planning is critical for families in ensuring children and adults with special needs are protected.

In this episode, John and Michael Parise speak with Michael Byrne, a partner at Lighthouse Planning Consultants. Mike addresses many of the misconceptions surrounding families with a dependent adult with special needs, like SSI eligibility and ABLE accounts.

In this episode, you will learn:

  • Key benefits that families rely on to care for children with special needs
  • Why it can be difficult for families with special needs dependents to receive advice 
  • Legal tools you can put in place to protect your adult child with special needs
  • The value of a special needs trust and how it helps families
  • What an ABLE account is and how it benefits families with adults with special needs
  • And more!

Tune in to learn about special needs planning, trusts, ABLE accounts and more that can help families!

Resources: Copper Beech Financial Group | Lighthouse Planning Consultants

 


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Episode 40 – Special Needs Planning And The Issue Of Guardianship



Guardianship is a huge part of special needs planning, as it takes into account what happens to a child if the parents pass away. Finding the right person to care for a special needs child is not necessarily easy.

John and Michael Parise explore the topic of special needs planning for families. John explains his background working with families with special needs children and shares how guardianship is a huge factor in the planning process.

In this episode, you will learn:

  • What special needs planning looks like at Copper Beech
  • The three key areas Copper Beech focuses on when helping these families
  • The various issues guardianship presents for families with special needs children 
  • How to avoid issues caused by inheritance for a special needs child’s Social Security benefits
  • And more!

Tune in now to learn more about special needs planning!

Resources: Copper Beech Financial Group | Children and Adults with Special Needs and the Planning Gap (MetLife)


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Episode 39 – The Alternative Investment World Of Collectible Coins – With Guest Keith Jacobsen



Collectible coins are an excellent way to build your investment portfolio, or they could be an asset you pass down to the next generation.

John and Michael Parise speak with Keith Jacobsen, founder of the International Coin Alliance. Keith introduces us to the investment world of collectible coins, sharing some of his stories over his 25+ years experience.

In this episode, you will learn:

  • The number one advantage of investing in collectible coins
  • How collectible coins are positioned in the market
  • About collectible coin grades, and how important they are to a coin’s value
  • How the international markets affect how collectors operate
  • And more!

Tune in to learn about the alternative investment world of coin collecting!

Resources: Copper Beech Financial Group | International Coin Alliance | Keith Jacobsen

 


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Episode 38 – Premium Financing Of Life Insurance Policies – With Guest Darren Sugiyama



Premium financing is a strategic way to build wealth over time, but it does come with its risks.

In today’s episode of The Truth About Wealth Podcast, Michael is joined by Darren Sugiyama, author and Managing Partner for Lionsmark Capital. Darren examines premium financing, its benefits, the requirements needed to qualify, and more.

In this episode, you will learn:

  • What premium financing is
  • The danger of premium financing in current times
  • How a typical premium financing agreement works
  • The benefits of premium financing
  • And more!

Tune in now to learn about the value and risks of premium financing!

Resources:  Copper Beech Financial Group | Darren Sugiyama on LinkedIn | Lionsmark Capital Website


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Episode 37: When Planning Doesn’t Go as Planned



At Copper Beech Financial Group, we typically establish long-term relationships with clients and families, but our platform isn’t necessarily the right fit for every family. 

In this episode of The Truth About Wealth Podcast, John and Michael Parise discuss a hypothetical example of an estate plan that did not work out and cover the various reasons why this may happen. 

In this episode, you will learn:

  • Why some families are not the right fit for Copper Beech’s platform
  • The challenges that can come with estate planning for clients 
  • How to spot red flags during planning and how to maneuver these
  • Why estate planning is important to generational wealth
  • And more!

Tune in now to learn about estate planning and how to deal with plans that don’t work out.

Resources:  Copper Beech Financial Group  


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Episode 36: Charitable Lead Annuity Trust – With Derek Myron



What is a charitable lead annuity trust and how can it benefit taxpayers?

In this episode of The Truth About Wealth Podcast, Michael Parise speaks with Derek Myron from Centura Wealth Advisory to discuss charitable lead annuity trust. Derek provides an extensive look into the trust and its tax benefits.

In this episode, you will learn:

  • What the charitable lead annuity trust is, how it works, and its value to taxpayers
  • The number one risk of a charitable lead annuity trust
  • A detailed walkthrough of the three tax benefits of this transaction
  • And more!

Tune in to learn about charitable lead annuity trust!

Resources:  Copper Beech Financial Group | Centura Wealth Advisory


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Episode 35: Managing Family Businesses



Do you run a family business? How do you handle the daily challenges that may be unique to running a family business?

In this episode of The Truth About Wealth Podcast, John & Michael Parise discuss all things family business: what it’s like to run a family business, how Copper Beech was started, the different challenges they face and questions that needed answering.

In this episode, you will learn:

  • How John and Michael handle their personal relationship with their business relationship
  • Their experiences with running a family business
  • The importance of communication between all family members
  • How to determine if your kids are the right fit for the family business
  • And more!

Tune in to learn about John & Michael’s personal experience with family business!

Resources:  Copper Beech Financial Group 


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Episode 34 – Expand Your Wine Palette and Start Your Collection –– With Tim O’Rourke



Have you ever wondered how wine goes from the vineyard to your glass? Do you want to know if you’re storing your wine correctly for optimal flavor?

In this episode, John and Michael Parise are joined by Tim O’Rourke, a wine investor with an impressive collection that was featured on the cover of Wine Spectator magazine. This fun conversation will give you recommendations on which regions to try, fantastic wines for $20, how to start collecting wine, how to store it properly, and more!

In this episode, you’ll learn:  

  • The intricate details of the wine making process
  • How to store wine correctly
  • How to starting expanding your collection
  • A brief history of wine in various regions
  • And more!

Tune in to learn about the world of wine!

Resources:

 Copper Beech Financial Group