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In this episode of The Truth About Wealth Podcast, guest Mark Sims returns to answer more questions about private insurance structure, including how they function across the United States and Puerto Rico.

In this episode, you will learn:

• The top 10 most popular risks that individuals insure themselves against
• Reasons for using private insurance structure to protect yourself from catastrophic consequences
• What the ongoing annual cost of private insurance is for clients
• The overall benefit of having private insurance for you, your family, and your business
• And more!

Tune in to hear the second part of Mark Sims’ series on private insurance structure!

Resources:  Copper Beech Financial Group | Captive Alternatives | Episode 15: Private Insurance Structure — With Mark Sims: Part 1

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Risk management is key, both on the business side and on the personal finance side.

In this episode, John and Michael Parise sit down with guest Mark Sims. Mark discusses his work at Captive Alternatives, specifically his expertise in risk management with private insurance structure within the family office structure.

In this episode, you will learn:

• Which risk management sectors Mark and the Captive Alternatives team specialize in, specifically within the family office structure
• Various benefits of the private insurance structure, but why you may not have heard about them before
• How the private insurance structure compares to more typical insurance policies and the motivation to use a private insurance structure
• How to access the surplus on a private insurance structure policy
• And more!

Tune in to learn about Mark Sims’ expertise in private insurance structure as a means of risk management within the family office structure!

Resources:  Copper Beech Financial Group | Captive Alternatives

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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