About this episode

This episode discusses wealth transitions and family gifting through a $2.1 million case study, along with succession planning for business owners.

How do you turn a "jackpot moment" into a lasting family legacy? In this episode of Allworth’s Money Matters, Scott is joined by partner advisor Richard Del Monte (while Pat is on vacation) to tackle the complexities of wealth transitions and family gifting. Through a $2.1 million case study, the team discusses how to support adult children through "giving while living" without creating family conflict. Then, Simone Devenny, Allworth’s Head of Private Wealth Strategies, joins to share a masterclass in succession planning for business owners. Using a multi-million dollar business exit as a guide, she breaks down the financial planning techniques needed to minimize taxes and protect your legacy during a major liquidity event. Highlights include: The Gifting Dilemma: Managing "warm hearts vs. cold hands" in a $2.1M portfolio. The Business Exit: Estate strategies for multi-million dollar sales. Family Transparency: How to mentor the next generation on wealth. Tax Strategy: Sophisticated ways to protect your business proceeds. Join Money Matters: Get your most pressing financial questions answered by Allworth's co-founders Scott Hanson and Pat McClain. Call 833-99-WORTH. Or ask a…

People in this episode

Host: Scott

Guests: Richard Del Monte, Simone Devenny

Topics covered

• wealth transitions
• family gifting
• estate planning
• business exits
• tax strategy
• succession planning

Keywords

• gifting
• estate planning
• business exit
• tax strategy
• family legacy
• wealth management

Mentioned in this episode

Organizations: Allworth Financial, Money Matters, Allworth’s Private Wealth Strategies

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