The Impact Report - Episode 4 (Preparing Heirs for Their Inheritance)
Audio is streamed directly from the publisher (podcasts.captivate.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Are your heirs ready to deal with the wealth you may be planning to pass on to them someday? It's an unfortunate fact that inheritors often struggle with their windfalls in ways that can be hazardous to their wealth.
On the fourth installment of The Impact Report, Eric Lawton unpacks the complex world of inheritances and the variety of internal and external conflicts that arise throughout this process.
Listen as Eric outlines how his affluent clients prepare their heirs for the inheritance and why we can all take a page out of their playbook on this topic.
Timecodes:
0:06 - Introduction and overview on today's topic
2:00 - Inheritances can be a double-edged sword
2:56 - The internal and external conflicts facing heirs
4:02 - What can be done to help heirs prepare for the transfer of wealth
5:15 - What successful families are doing to adequately prepare their heirs
6:50 - Where to begin?
9:50 - An approach that may be more appealing to educating heirs
12:01 - Additional considerations when the transfer of wealth is involved
13:30 - This is a universally applicable strategy
15:20 - How you can get in touch with Eric's team to learn more
16:25 - Closing remarks
Connect with Eric Lawton: