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What to Do if You’re Worried About Leaving Your Child a Large Sum of Money
Manage episode 457794059 series 1507600
Estate planning can be difficult enough on its own but what happens when you’re hesitant to leave behind a large sum to a child who might be lacking financial responsibility. This challenge is the focus of the latest episode of the Money Wisdom podcast with Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP®. They tackle a common concern shared by many parents: ensuring their wealth is managed wisely after they're gone.
Here’s what we discuss in this episode:
0:00 – Intro and question
0:47 – Common situation for families
2:06 – Types of accounts matter
4:50 – Ways to lower taxes
6:01 – Will vs trust
9:04 – Next steps
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Check us out on YouTube: https://bit.ly/3CcAzai
222 episodes
Manage episode 457794059 series 1507600
Estate planning can be difficult enough on its own but what happens when you’re hesitant to leave behind a large sum to a child who might be lacking financial responsibility. This challenge is the focus of the latest episode of the Money Wisdom podcast with Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP®. They tackle a common concern shared by many parents: ensuring their wealth is managed wisely after they're gone.
Here’s what we discuss in this episode:
0:00 – Intro and question
0:47 – Common situation for families
2:06 – Types of accounts matter
4:50 – Ways to lower taxes
6:01 – Will vs trust
9:04 – Next steps
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/
Check us out on YouTube: https://bit.ly/3CcAzai
222 episodes
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