Upline Planning: What it is & Why You Need to Do it (Ep. 120)

The Truth About Wealth

Content provided by John Parise and Michael Parise, John Parise, and Michael Parise. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by John Parise and Michael Parise, John Parise, and Michael Parise or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

5M ago 30:10

MP3•Episode home

Why is generational planning crucial for protecting your family’s wealth?

Today, John and Michael Parise discuss upline planning with a focus on the importance of generational planning and asset protection. They highlight the potential conflicts within families during asset distribution and the value of trusts.

John and Michael also explore a strategy to maximize income tax basis and estate planning objectives for families. They emphasize the need for open conversations between generations and the role of advisors in guiding families through complex issues.

Talking points include:

What upline planning is, and why it’s crucial for families
Potential conflicts within families when distributing assets
The value of trusts in asset distribution and protection
How to minimize estate tax exposure and protect assets from creditors by “generational skipping”
Strategies for approaching conversations with the older generation
How to maximize income tax basis and estate planning objectives for families
The importance of open and honest conversations between generations
Why you should be proactive with your advisor and discuss wealth preservation and protection
And more!

Connect with John and Michael Parise:

125 episodes

#Trading #Business #Self-Improvement #John Parise and Michael Parise #John Parise #Michael Parise #John Michaels #Podcasting Education