Check Your Fear at the Door


And maybe put the remote away once in a while

Key Takeaways

  • Fear sells, and that’s why it’s one of the most powerful tools used by the financial media and others who have an agenda.
  • Next time a disturbing story comes out, separate the fact from the fiction and make sure your own financial structure is aligned with your goals.
  • With the right structure in place, you’ll be ready to withstand the next multiyear down cycle and will be poised to take advantage of it when the recovery inevitably occurs.

Risking Your Estate


Key Takeaways

  • One good way to avoid raising entitled “trust fund babies” is to have clear and consistent communication about your estate plans early in a child’s life.
  • Let heirs see your financial statements and estate plans as soon as you think they’re mature enough to handle them. Use an advisor or estate planning attorney to walk them through the process and familiarize them with your wealth transfer and legacy goals.
  • It’s natural to want to help your children financially, but respect a child’s or grandchild’s need to make his or her own way in the world. A generation-skipping gift can sometimes be more valuable and tax-efficient.

Survive and Thrive Estate Planning


Key Takeaways

  • An estimated 120 million American families are not addressing their estate plans.
  • Too many families are ill-prepared to handle guardianship issues, disability issues, long-term care questions and retirement distribution planning strategies.
  • You’re not alone when it comes to estate planning. Smart investors have a team behind them consisting of a CPA, estate planning attorney and wealth advisor.

Seventh-Generation Thinking


Why affluent families can’t hold onto their wealth

Key Takeaways

  • An estimated $80 trillion dollars will pass on to future generations in the U.S. over the next 30 to 40 years—and most families are woefully unprepared.
  • Ninety percent of family wealth will disappear in just three generations.
  • Lack of communication, trust and recipient planning—not bad investment results—is most often the cause of family wealth evaporation.