Wealth Transfer – The Truth About Wealth

Securing Your Family’s Future Wealth Q&A (Ep. 119)

By thetruthaboutwealth | January 24, 2024

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How can you secure your family’s future wealth?

In short, anticipate change, stay informed, and reach out to your advisor.

This week, John and Michael Parise elaborate with a discussion about the importance of proactive wealth management. They highlight the need for individuals to ask questions, educate themselves, and consult with their advisors to secure a better future. John and Michael also briefly talk about the potential benefits of alternative investments in the current market conditions.

So, listen in as they emphasize the significance of tax efficiency, liquidity, and the need for individuals to focus on asset protection in estate planning.

John and Michael discuss:

Some of the concerns and questions they’ve recently received from clients regarding financial plans and estate tax laws
Client frustration with other advisors on their financial team not being proactive enough
Challenges within the advisor community and the need for awareness of options for high-net-worth individuals
Potential benefits of alternative investments such as gold, silver, and oil and gas in the current market
The need for diversification in investment portfolios due to current economic and geopolitical uncertainties
The importance of tax efficiency and exploring tax planning strategies
Some concerns about potential changes in tax laws and the need to focus on asset preservation
And more!

Resources:

Connect with John and Michael Parise:

Nurturing Wealth, Values, and an Entrepreneurial Mindset Across Generations (Ep. 118)

By thetruthaboutwealth | January 10, 2024

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As you transfer your hard-earned assets to your children and groom them to assume control of the family business, you likely want to imbue them with your core family values and an entrepreneurial mindset.

But how do you initiate an open dialogue? When is the best time to do it?

John and Michael Parise answer these questions and help you perpetuate your family’s wealth and values for generations to come. They shed light on eye-opening questions and conversations you should engage in with your children to equip them with the knowledge and entrepreneurial capability to advance your family’s legacy (and build their own).

John and Michael discuss:

The importance of fostering an entrepreneurial mindset from a young age
Inspiring stories of working with small businesses and private family enterprises
Opportunities and challenges in the current environment for new business owners
Copper Beech Financial Group’s approach to productive family meetings that assist in effective wealth transfer
What it takes to nurture confident future leaders
And more!

Resources:

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