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 latest installment of Wisdom and Wealth, Frank unpacks the complex world of inheritances and the variety of internal and external conflicts that arise throughout this process.

Listen as Frank 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 the topic of the day

1:36 - Why inheritances can be a double-edged sword

3:30 - The internal and external conflicts heirs can face

5:43 - Where to begin helping heirs to address these conflicts

6:56 - What affluent families are doing when it comes to passing on their wealth

8:20 - Where to begin fostering financial intelligence among your heirs

12:47 - An approach that's more appealing to educating heirs on an inheritance

16:20 - Additional considerations for matriarchs and patriarchs

20:00 - Who should families turn to for help with this process?

22:00 - Closing remarks

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