“Not My Family!” Strategies To Avoid Wealth Destruction

1 year ago Ted Bernstein 0

The objectives of successful wealth transfer planning and inheritance planning are both financial and succession oriented. Too often, all the planning attention is placed only on the financial aspects. This can lead to unintended consequences for family and business relationships. Most people passing on wealth do so with an expectation that their generosity will be received in the spirit it was intended. Without a proper amount of focus on family dynamics, succession plans and inheritances can cause serious damage to family relationships.

Avoiding Wealth Destruction

“If your client’s wealth transfer plan is not done carefully, your client’s wealth will be transferred… just not where they intended.
It will end up being transferred to their litigation-minded children, law firms and other professional firms.”

 

INSURANCE NEWS NET WEALTH DESTRUCTION BY TED BERNSTEIN

Contact me at 561-869-4500 or email me at TB@LifeCyclePlanners.com for a complementary consultation. Or, visit us at Facebook

ted bernstein boca raton florida 

Also published on Medium.

Facebooktwittergoogle_plusredditlinkedin

Related Posts

Jumbo Life Insurance Purchase: What You Need To Know

Ted Bernstein 1 year ago
Among High Net Worth consumers, there is a deep appreciation for permanent life insurance. You want every advantage if you currently own or may be considering a jumbo life... Read More

Life Insurance Premium Financing – Know The Risks.

Ted Bernstein 2 years ago
Is life insurance premium financing right for you? Life insurance premium financing is not free life insurance. By itself, this will eliminate 90% of the prospects. The annual out... Read More

A Whole New Look At Life Insurance Advantages.

Ted Bernstein 1 year ago
https://money.usnews.com/money/personal-finance/family-finance/articles/2017-07-27/3-ways-to-use-life-insurance-while-youre-still-alive?sf74224675=1 It used to be that life insurance only provided benefits to your beneficiaries. Like everything else, innovation has made life insurance far more valuable than ever before. Now... Read More

Federal Estate Tax Repeal – Bad For Business

Ted Bernstein 2 years ago
The life insurance industry let us down when it allowed the estate tax rate to settle at 40% and the lifetime credit (exemption) to  rise to $12MM per couple. The impact is still punishing... Read More