January 09, 2024

Trusts, Inheritance, and Protecting Your Children's Future with Stefan Dunkelgrun

38 minutes

Most parents think about the future of their finances, and the legacy that they will leave for their children. This week on Financially Ever After Widowhood, host Stacy Francis talks with renowned trust and estate lawyer Stefan Dunkelgrun about how to effectively plan your children’s inheritance and safeguard it against extravagance and divorce. As a partner at Davidoff Hutcher and Citron in New York City, Stefan brings a wealth of knowledge and experiences from his work with high and ultra-high-net-worth clients. In this episode, he shares eye-opening tales from the trenches, offering crucial advice on ensuring that your legacy serves your children in lasting, meaningful ways. Whether you're a parent of young children or have adult kids, join us as Stefan explains how to protect your family's financial future while ensuring your wealth enhances rather than hampers their ambitions.

Estate planning is not just about wealth distribution but about ensuring the well-being of your loved ones after you're gone in a way that aligns with your family’s needs and values.

Many parents grapple with how to leave money to their children, especially if they are minors. Stefan discusses creating trusts that provide for children's needs, like education and healthcare, without giving them unrestricted access to large sums at a young age.

Divorce-proofing your child's inheritance is a critical aspect of estate planning. Stefan provides insights on how to structure trusts to ensure that your children's inheritance remains protected, even in the event of their marital dissolution.

Stefan advises selecting someone as trustee who can manage the trust impartially and responsibly, ideally not the children's guardian to avoid conflicts of interest.

Life insurance plays a significant role in estate planning; choosing the right amount and type of policy, and properly designating beneficiaries, can secure your children's financial future without unnecessary tax burdens.

Gifting strategies are an integral part of estate planning, with options like direct payments for medical and educational expenses offering tax benefits.

For high net worth families, Stefan introduces advanced strategies and tools that can extend the benefits of your estate across generations, offering educational funding and other support to grandchildren and beyond.

Resources

Stefan Dunkelgrun on LinkedIn | Davidoff Hutcher and Citron

Phone: (646) 428-3112

Email: [email protected]

Stacy Francis on LinkedIn | X(Twitter)

Email: [email protected]

FrancisFinancial.com

...more

View all episodes

By Stacy Francis

4.8

3939 ratings

January 09, 2024

Trusts, Inheritance, and Protecting Your Children's Future with Stefan Dunkelgrun

38 minutes

Estate planning is not just about wealth distribution but about ensuring the well-being of your loved ones after you're gone in a way that aligns with your family’s needs and values.

Stefan advises selecting someone as trustee who can manage the trust impartially and responsibly, ideally not the children's guardian to avoid conflicts of interest.

Gifting strategies are an integral part of estate planning, with options like direct payments for medical and educational expenses offering tax benefits.

Resources

Stefan Dunkelgrun on LinkedIn | Davidoff Hutcher and Citron

Phone: (646) 428-3112

Email: [email protected]

Stacy Francis on LinkedIn | X(Twitter)

Email: [email protected]

FrancisFinancial.com

...more