They say, “an ounce of prevention is worth a pound of cure.”
When families procrastinate with advanced estate planning, it can jeopardize the success of the next generation and their assets.
In this episode of The Truth About Wealth, John and Michael Parise share a case study that illustrates how they’ve been helping one particular family with their estate planning. Listen in as John and Michael describe their process of minimizing generational taxes by 80% and preparing the next generation to inherit the family business.
John and Michael discuss:
Ways Copper Beech approaches this case study and clients focused on estate planning
The estate planning options they suggest for asset protection
How families can reduce and protect themselves from estate tax exposure
How to effectively prepare the next generation to inherit the family business and/or assets
The role of trusts and liquidity when it comes to estate planning
When estate planning, one of the most difficult decisions is choosing the right trustee for your family. But it doesn’t have to be.
In this episode, John and Michael Parise speak with David Warren, J.D., co-founder, and chairman of Bridgeford Trust Company about the challenges of picking the right trustee and/or trust company, and highlights the things you can do to make a better decision for your family.
David Warren is the co-founder and chairman of the Board of Bridgeford Trust Company. With over 20 years of experience as an attorney in the financial services industry, David has a wealth of knowledge on working with ultra-high net worth families across the nation and around the world. As a leader at Bridgeford Trust Company he shapes the strategic growth and brand development. Outside of his roles at Bridgeford, David often speaks throughout the country and around the world on modern and progressive U.S. trust law, addressing several professional organizations and audiences each year.