Go offline with the Player FM app!
Strategies For Your Wealth #144
Manage episode 326871032 series 1594851
An optimal family wealth strategy is holistic and combines both investment and estate planning strategies. Do you know when and where to start? Host Damien Martin unpacks the important but often daunting task of planning for your wealth with BKD’s Troy Farmer. Here are the questions they cover:
- Who is Troy Farmer? [01:48]
- What is a wealth strategist and why work with one? [04:00]
- How does estate planning play a role in wealth strategy? [07:28]
- What are the key decisions you need to make and when? [09:02]
- How do I know if a planning technique makes sense for my family? [11:55]
- What’s a Grantor Retained Annuity Trust? [15:14]
- What’s a Spousal Lifetime Access Trust? [17:54]
- Should I be concerned about outliving my wealth? [20:12]
- Are there risks to consider when implementing a wealth strategy? [21:41]
- What are some frequent questions you answer? [22:30]
- How do you educate the next generation and get them ready to inherit wealth? [27:55]
- What are some actual stories of those who have implemented a wealth strategy? [31:37]
- What should I expect in terms of timing and involvement? [38:13]
Learn more about Troy here and check out the Beyond the Numbers with Troy Farmer video on our YouTube channel mentioned in the episode.
GET MORE SIMPLY TAX
We’re excited to also provide video content to strengthen your tax mind! Check it out on our YouTube channel.
A complete archive of our episodes is available on our website and YouTube playlist.
We’d love to hear from you! Email feedback and questions to SimplyTax@FORVIS.com.
Connect with Damien on social media!
164 episodes
Manage episode 326871032 series 1594851
An optimal family wealth strategy is holistic and combines both investment and estate planning strategies. Do you know when and where to start? Host Damien Martin unpacks the important but often daunting task of planning for your wealth with BKD’s Troy Farmer. Here are the questions they cover:
- Who is Troy Farmer? [01:48]
- What is a wealth strategist and why work with one? [04:00]
- How does estate planning play a role in wealth strategy? [07:28]
- What are the key decisions you need to make and when? [09:02]
- How do I know if a planning technique makes sense for my family? [11:55]
- What’s a Grantor Retained Annuity Trust? [15:14]
- What’s a Spousal Lifetime Access Trust? [17:54]
- Should I be concerned about outliving my wealth? [20:12]
- Are there risks to consider when implementing a wealth strategy? [21:41]
- What are some frequent questions you answer? [22:30]
- How do you educate the next generation and get them ready to inherit wealth? [27:55]
- What are some actual stories of those who have implemented a wealth strategy? [31:37]
- What should I expect in terms of timing and involvement? [38:13]
Learn more about Troy here and check out the Beyond the Numbers with Troy Farmer video on our YouTube channel mentioned in the episode.
GET MORE SIMPLY TAX
We’re excited to also provide video content to strengthen your tax mind! Check it out on our YouTube channel.
A complete archive of our episodes is available on our website and YouTube playlist.
We’d love to hear from you! Email feedback and questions to SimplyTax@FORVIS.com.
Connect with Damien on social media!
164 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.