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Don't Create A Nasty Trust Fund Baby www.SuccessCouncil.com
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http://www.successcouncil.com/sc/great_wealth_transfer.php?a_aid=5106e35d53c7e
We recently sat down with Rick Durfee, an estate planner based out of Mesa, Arizona. Rick was a speaker at Freedom Fest, and had some great advise to give on planning for your family's future.
Now, most folks, including myself, don't want to admit that we won't be around forever. And the truth is, none of us know how long we have left.
But we all probably share one thing in common - if we can help our family and children live better lives when we are gone, we certainly want to do that.
But what I learned from Rick kind of surprised me.
You see, he made it very clear that just getting your money into your kid's hands does NOT take care of everything.
Rick helped explain some important aspects of planning who gets your estate, and more importunity, how they get your estate. For example, he compared basic estate planning to what he calls, "Dynasty Planning." And this is really what got me to thinking about the long term effects of exactly how you leave your money, house, etc. to your loved ones when you pass.
He also discussed some very important ideas that I plan on implementing with my family. Including how charity, through a family foundation, can have a profound effect on children...
Interesting food for thought. If you'd like to watch the entire interview, you may get access to our Member's Only site here:
http://www.successcouncil.com/sc/membership_details.php?a_aid=5106e35d53c7e
...
https://www.youtube.com/watch?v=GOEFS1aScLw
http://www.successcouncil.com/sc/great_wealth_transfer.php?a_aid=5106e35d53c7e
We recently sat down with Rick Durfee, an estate planner based out of Mesa, Arizona. Rick was a speaker at Freedom Fest, and had some great advise to give on planning for your family's future.
Now, most folks, including myself, don't want to admit that we won't be around forever. And the truth is, none of us know how long we have left.
But we all probably share one thing in common - if we can help our family and children live better lives when we are gone, we certainly want to do that.
But what I learned from Rick kind of surprised me.
You see, he made it very clear that just getting your money into your kid's hands does NOT take care of everything.
Rick helped explain some important aspects of planning who gets your estate, and more importunity, how they get your estate. For example, he compared basic estate planning to what he calls, "Dynasty Planning." And this is really what got me to thinking about the long term effects of exactly how you leave your money, house, etc. to your loved ones when you pass.
He also discussed some very important ideas that I plan on implementing with my family. Including how charity, through a family foundation, can have a profound effect on children...
Interesting food for thought. If you'd like to watch the entire interview, you may get access to our Member's Only site here:
http://www.successcouncil.com/sc/membership_details.php?a_aid=5106e35d53c7e
...
https://www.youtube.com/watch?v=GOEFS1aScLw
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