Business
On this episode, we are going to discuss family meetings with respects to wealth transfer. Tune in to hear us chat about this age-old topic. Topics: ● Sometimes, inheritances don’t go as smoothly as people would like. ● Why communication is always important to pass on your legacy. ● Every family plan is different, we discuss how to decide which one is best for your family. ● What the future looks like for Millennials vs. Baby Boomers for wealth transfer. Quotes: [01:29] “It’s so important to share, sometimes, very detailed information and in other cases...at least a structural layout of things to come.” [04:01] “Too many people are ready to are just so ready to enjoy the money that’s coming into their hands, that they forget that there is a responsibility that comes along with inheriting wealth.” [07:20] “Building out intentional communication is key.” Resources: The Lerner Group https://www.fa-mag.com/news/boomers-are-thriving-on-an--unprecedented---9-trillion-inheritance-52819.html https://www.forbes.com/sites/jackkelly/2019/10/26/millennials-will-become-richest-generation-in-american-history-as-baby-boomers-transfer-over-their-wealth/#58dfd29b6c4b