From Busy to Rich

E175 — The New Client Experience: Unlocking Generational Potential


Listen Later

What happens when business partners don’t plan for the unexpected?

In this episode of From Busy to Rich, host Wes Young and co-host Justin Lakin tackle a complex but critical aspect of estate planning: what happens to a business when one partner passes away, and how to avoid the unintended consequences that can follow.

Wes shares real-life stories of business owners who lacked buy-sell agreements, revealing how the absence of clear planning can lead to friction, stalled growth, and strained family dynamics. The conversation expands beyond logistics to explore how business owners can intentionally pass down values, expectations, and vision, creating not just an inheritance but a living heritage.

What to expect from their conversation:

  • How to structure a business-focused estate planning conversation
  • Common planning gaps that lead to family conflict or business strain
  • Buy-sell agreements, key person insurance, and optional property agreements
  • How to turn business planning into a tool for heritage and leadership
  • Resources:

    • Submit your podcast question here!

    • Transform your practice!

      Previous Episodes of Interest: 

      • The New Client Experience: Location 
      • The New Client Experience: Expectation 
      • The New Client Experience: Direction - Increasing Family Bank Velocity
      • The New Client Experience: Direction - Unleashing Human Potential
      • Other Listening Platforms:

        • Listen on Apple Podcasts
        • Stream on Spotify
        • Watch on YouTube
        • Connect with Us:

          • Instagram
          • X
          • Facebook
          • LinkedIn
          • Youtube 
          • Wes Young Live Website
          • ...more
            View all episodesView all episodes
            Download on the App Store

            From Busy to RichBy Wes Young

            • 5
            • 5
            • 5
            • 5
            • 5

            5

            42 ratings


            More shows like From Busy to Rich

            View all
            WSJ Your Money Briefing by The Wall Street Journal

            WSJ Your Money Briefing

            1,729 Listeners

            WSJ What’s News by The Wall Street Journal

            WSJ What’s News

            4,408 Listeners

            Sales Gravy: Jeb Blount by Jeb Blount

            Sales Gravy: Jeb Blount

            584 Listeners

            Finding Mastery with Dr. Michael Gervais by Dr. Michael Gervais

            Finding Mastery with Dr. Michael Gervais

            1,663 Listeners

            THE ED MYLETT SHOW by Ed Mylett | Cumulus Podcast Network

            THE ED MYLETT SHOW

            14,009 Listeners

            Small Business Tax Savings Podcast by Mike Jesowshek, CPA

            Small Business Tax Savings Podcast

            259 Listeners

            The Bid by BlackRock

            The Bid

            266 Listeners

            The Perfect RIA by Matthew Jarvis, CFP® & Micah Shilanski, CFP®

            The Perfect RIA

            463 Listeners

            Kitces and Carl - Real Talk for Real Financial Advisors by Michael Kitces, MSFS, MTAX, CFP and Carl Richards, CFP

            Kitces and Carl - Real Talk for Real Financial Advisors

            243 Listeners

            The Journal. by The Wall Street Journal & Spotify Studios

            The Journal.

            6,121 Listeners

            All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

            All-In with Chamath, Jason, Sacks & Friedberg

            10,274 Listeners

            Market Matters from New York Life Investments by New York Life Investments

            Market Matters from New York Life Investments

            41 Listeners

            The Efficient Advisor: Tactical Business Advice for Financial Planners by Libby Greiwe

            The Efficient Advisor: Tactical Business Advice for Financial Planners

            133 Listeners

            The Elite Financial Advisor Podcast With Sten Morgan by Sten Morgan

            The Elite Financial Advisor Podcast With Sten Morgan

            96 Listeners

            The Great Retirement Debate with Ed Slott & Jeffrey Levine by The Great Retirement Debate with Ed Slott & Jeffrey Levine

            The Great Retirement Debate with Ed Slott & Jeffrey Levine

            143 Listeners