Tag: Generational Planning

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Case Study: How Upline Planning Helps Families Preserve Wealth Through Generations (Ep. 121)

Case Study: How Upline Planning Helps Families Preserve Wealth Through Generations (Ep. 121)

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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:

  • Case studies related to estate planning and asset protection
  • The importance of involving multiple generations in the wealth planning process
  • How to minimize tax exposure and protect family assets
  • Charitable planning and the use of charitable remainder trusts
  • The value of educating families about planning strategies and potential impact on taxes and wealth preservation
  • And more!

Resources:

Connect with John and Michael Parise:

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73. 10 Concerns On The Minds of Our Clients — Part 2

73. 10 Concerns On The Minds of Our Clients — Part 2

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Who is going to take care of you into your old age? Do you have your estate planning dealings worked out?

In the first part of this two-parter miniseries, John and Michael introduced us to 10 concerns on the minds of their clients. In this episode, they continue the conversation focusing on long-term care planning, estate planning, taxes, and communication between generations.

John and Michael discuss:

  • Ways to address long-term care
  • How to ensure your estate planning is correct
  • Tax code changes to consider
  • Communication between generations in your family
  • And more!

Resources:

Connect with John and Michael:

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61. The Generational Impact Of The SECURE Act Part Two

61. The Generational Impact Of The SECURE Act Part Two

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A new provision in the SECURE Act requires children that inherit an IRA or a qualified plan to essentially withdraw those funds no later than 10 years after the date of death. How can you ensure that your child gains the most from their inheritance after you are gone?

In part two of this series, John and Michael Parise discuss possible solutions for this new provision to the SECURE Act. They reveal the various types of accounts you can utilize and share the importance of keeping future generations in mind.

You will learn:

  • How you can prepare for your children’s inheritance with the new provisions to the SECURE Act
  • What type of accounts and investments may be the best fit for you
  • The importance of taking future generations into account when creating your plan
  • And more!

Resources:

Connect with Copper Beech

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Episode 55 – Case Studies: Annuities as Helpful Multi-Generational Planning Tools – Part 2 – With Michael R. Harris, CFP®, ChFC

Episode 55 – Case Studies: Annuities as Helpful Multi-Generational Planning Tools – Part 2 – With Michael R. Harris, CFP®, ChFC

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Annuities can be hugely beneficial for multi-generational planning, but how do you really go about doing that? What are the technical components of including annuities in your plan?

In part two of this two-part series, Mike Harris, senior education advisor at the Alliance for Lifetime Income, once again sits down with John and Michael Parise to explain the use of annuities as multi-generational planning tools, sharing successful case studies and real-life experiences. 

In this episode, you will learn:

  • The emotional components of annuities and planning: Creating legacies as a way to remember loved ones
  • The eye-opening truth about annuity guarantee and protection policies 
  • How to use annuity structures for special needs children
  • How and why it’s important to use the correct annuity for your situation within your plan 
  • And more!

Remember, annuities for multigenerational planning need the assistance of a financial advisor. Discover how you can get started today! 

Resources:  Part 1 | Copper Beech Financial Group: (856) 988-8300 | Michael R. Harris, CFP®, ChFC | The Alliance for Lifetime Income