Tag: Generational Wealth

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Preserving Your Family History And Creating A Lasting Legacy (Ep. 110)

Preserving Your Family History And Creating A Lasting Legacy (Ep. 110)

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Do your kids and grandkids know your family’s legacy? 

Make sure they do by creating a video memoir! 🎥

In this episode, John and Michael Parise shed light on the importance of transferring values when transferring wealth to create a lasting legacy. 

They go over some of the questions they ask the families they work with when creating video memoirs to pass down their values to future generations while sharing a case study and talking about how modern technology makes capturing these values and family moments on video more convenient.

John and Michael discuss:

  • The importance of transferring values when transferring wealth to create a lasting legacy
  • Videos as a tool to preserve family history and values
  • The convenience modern technology provides for capturing family moments
  • Why it’s important to preserve family stories and values for future generations
  • A case study: How they helped a family create a video memoir
  • The importance of capturing stories from multiple generations
  • And more!

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Navigating Blended Families and Estate Taxes: A Case Study Discussion (Ep. 109)

Navigating Blended Families and Estate Taxes: A Case Study Discussion (Ep. 109)

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Are you struggling with complex estate planning situations?

In this episode, John and Michael Parise uncover two case studies, one that worked and one that didn’t. 

Throughout the two case studies, Michael explains his role in the estate planning process and the challenges of working with a business owner with significant estate tax exposure. Adding to the conversation, John emphasizes the importance of balancing fairness and equality when dealing with multiple beneficiaries in estate planning.

John and Michael discuss:

  • The challenges of working with a business owner with significant estate tax exposure and a lack of liquidity to pay for it
  • Why it’s important to balance fairness and equality when dealing with multiple beneficiaries in estate planning
  • The different challenges that can arise when estate planning with business owners and beneficiaries across multiple generations
  • How their impact on families’ financial planning is compounded through generations
  • And more!

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The Role of Rare Tangible Assets in a Diversified Portfolio for Generational Wealth with Geoff Anandappa (Ep. 108)

The Role of Rare Tangible Assets in a Diversified Portfolio for Generational Wealth with Geoff Anandappa (Ep. 108)

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If you’re looking to diversify your portfolio and try to hedge some of the global inflation investors are seeing today, you might want to consider adding rare tangible assets or collectibles to your portfolio.

In this episode, John and Michael Parise speak with Geoff Anandappa, a specialist in rare tangible assets and the founder of Rare Tangible Assets Ltd., about investing in rare assets such as coins, art, stamps, and other collectibles. 

Geoff starts with his background in the specialty before diving into how investors can get into the rare tangible asset market and why they’re a good long-term investment choice for holding onto and growing generational wealth, even when the stock market goes awry.

Geoff discusses:

  • His background and how he got into rare tangible assets
  • How investors are using rare tangible assets to hedge the current worldwide inflation issue
  • The size of the market for rare asset collectors and investors
  • How big of a risk forgeries are, and what investors can do to avoid them
  • New collectibles emerging in the marketplace
  • And more!

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About Our Guest: 

Geoff Anandappa is a rare asset consultant and the founder of Rare Tangible Assets Ltd. With a background in stamp collecting, Geoff’s career in the industry began in 2005 when he joined Stanley Gibbons, the world’s oldest stamp dealer, to establish their investment department. Over 13 years, he traveled internationally, speaking at investment conferences and bringing in high-net-worth clients interested in rare stamps, coins, art, and first-edition books as alternative investments.

In 2018, Geoff launched his own consultancy firm, Rare Tangible Assets Limited, where he serves as a trusted advisor. As a consultant, Geoff assists clients in building investment portfolios in a diverse range of tangible assets, guiding starting collections, portfolio development, and exit strategies. With his extensive expertise and deep understanding of the market, Geoff offers professional consulting for individuals seeking to incorporate rare tangible assets into their investment strategies.

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Here’s How Copper Beech Helps Business Owners Plan For Generational Wealth (Ep. 102)

Here’s How Copper Beech Helps Business Owners Plan For Generational Wealth (Ep. 102)

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Today’s topic is pertinent to business owners. If you’re grappling with unique financial challenges related to entrepreneurship and business ownership, this episode is for you.

This week, John and Michael Parise explore a case study about a client who owns a business. They provide a detailed walkthrough of their process from start to finish while detailing how they helped the client gain a generational wealth mindset by emphasizing education around how he thought about his finances.

John and Michael discuss:

  • The three key areas the client wanted to focus on and sought help from Copper Beech
  • Copper Beech’s approach to managing wealth for future generations (long-term instead of short-term planning)
  • Why family meetings were critical to the planning process
  • The recommendations their client’s family implemented and why
  • And more!

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Case Study: Don’t Let Procrastination Hinder Your Generational Estate Planning (Ep. 94)

Case Study: Don’t Let Procrastination Hinder Your Generational Estate Planning (Ep. 94)

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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
  • And more!

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