Paul Peters - Best Selling Author and TV PersonalityMany families have plans to pass along some of their wealth to children and grandchildren. But what about passing on financial values, a sense of purpose and possibility, and other family legacy concerns?
On the latest episode of Advance Your Wealth, we’re taking a look at how legacy planning can potentially help both the people transferring their wealth and the people receiving it.
Chapters:
0:00 – Introduction and overview on the topic of the day
1:06 – Estate planning and wealth planning conversations don’t go far enough
2:56 – What can we learn from the ultra-wealthy families out there?
4:15 – Addressing the tension created in these moments
5:52 – Steps to instill values before transferring wealth
7:09 – The importance of discussing wealth a lot over time
9:11 – Advice on getting these important conversations started
11:29 – Steps you can take to begin discussing values and living them
14:17 – What if you have a very large family?
17:41 – How to get in touch with Homer’s team
18:37 – Closing remarks