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Freedom or Chains? The Responsibility of Inheriting Wealth

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Manage episode 505677562 series 3503593
Content provided by Esquire Group LLC. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Esquire Group LLC 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://podcastplayer.com/legal.

In this episode of Wealth Uncensored, Jimmy Sexton dives into a topic too many wealthy families overlook: the burdenthat wealth can place on the next generation. While trusts, foundations, and tax planning often focus on preserving assets, few consider the unintended consequences of passing wealth outright to heirs. From crippling tax exposure and reporting obligations to threats from lawsuits and divorce, inherited wealth can restrict the freedom of the very people it’s meant to empower. Jimmy talks about how proper structuring using trusts, foundations, and sound governance can liberate future generations instead of chaining them to compliance, tax bills, and risk. If you want your legacy to be a gift, not a liability, this episode is a must-listen.

  continue reading

74 episodes

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Manage episode 505677562 series 3503593
Content provided by Esquire Group LLC. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Esquire Group LLC 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://podcastplayer.com/legal.

In this episode of Wealth Uncensored, Jimmy Sexton dives into a topic too many wealthy families overlook: the burdenthat wealth can place on the next generation. While trusts, foundations, and tax planning often focus on preserving assets, few consider the unintended consequences of passing wealth outright to heirs. From crippling tax exposure and reporting obligations to threats from lawsuits and divorce, inherited wealth can restrict the freedom of the very people it’s meant to empower. Jimmy talks about how proper structuring using trusts, foundations, and sound governance can liberate future generations instead of chaining them to compliance, tax bills, and risk. If you want your legacy to be a gift, not a liability, this episode is a must-listen.

  continue reading

74 episodes

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