The Truth About Wealth

Your Guide to Family Business Succession (Ep.134)

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What does it mean to treat all family members fairly in terms of wealth distribution? 

John and Michael Parise dive into the complexities of estate equalization within family businesses. In this episode, they unravel a recent case study highlighting the challenges faced when generational wealth intersects with family dynamics.

Listeners are in for a detailed exploration of best practices for ensuring fair treatment, asset protection strategies, and the nuances of managing family businesses across different generations. Discover pragmatic insights on structuring estate plans that both honor family values and preempt potential conflicts.

Other key discussions include:

  • The difficulties of equalizing estate distribution among children in business contexts (00:02:03)
  • Real-world examples of handling business ownership transitions (00:03:28)
  • The role of life insurance in balancing estate values (00:24:43)
  • The importance of pre-emptive planning in preserving family legacies (00:14:03)
  • And more!

    • Connect with John and Michael Parise:

    • 856-988-8300
    • Copper Beech Financial Group
    • LinkedIn: John Parise 
    • LinkedIn: Michael Parise 
    • LinkedIn: Copper Beech Financial Group, LLC
    • Facebook: Copper Beech Financial Group, LLC
      • ...more
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