Case Study: How Upline Planning Helps Families Preserve Wealth Through Generations (Ep. 121)

The Truth About Wealth

How can generational planning help secure your family’s wealth for the future?

Today on The Truth About Wealth, John and Michael Parise get together for a follow-up from the previous episode about upline generational planning.

This week, they explore two case studies: the first concerning a family business owner with asset protection needs due to the father’s illness and estate tax exposure, and the second involving a family’s desire to establish a philanthropic foundation.

The discussion covers the importance of estate planning documents, beneficiary designations, charitable trusts, and aligning philanthropic efforts with family values.

Talking points include:

• Case studies related to estate planning and asset protection
• The importance of involving multiple generations in the wealth planning process
• How to minimize tax exposure and protect family assets
• Charitable planning and the use of charitable remainder trusts
• The value of educating families about planning strategies and potential impact on taxes and wealth preservation
• And more!

Resources:

• Upline Planning: What it is & Why You Need to Do it (Ep. 120)
• Unpacking The Complexities of Roth IRAs With Chris Ruffino (Ep. 116)

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