Episode 11

Path to Abundant Living - Episode 11 (Transferring Values, Not Just Wealth to Your Heirs)

Many of us have thought about how to best transfer our wealth to our heirs someday. Unfortunately, parents and grandparents with significant assets don’t always spend enough time on passing along the values that helped them build, grow and maintain that wealth.

On the latest installment of Path to Abundant Living, Scott and Matt are examining the importance of transferring financial values to our kids and some of the best methods to do so.

Sit back, relax, and enjoy another enlightening episode that's bound to leave you with some considerations for your own heirs!

Timecodes:

0:06 - Introduction and overview on the topic of the day

1:52 - The issues and challenges that arise when values aren't transferred to heirs

3:20 - The types of heirs that better avoid these issues

5:15 - The first step in educating your heirs on values

7:39 - Ongoing communication is essential

10:08 - The ideal times or moments when these financial discussions will resonate with heirs

12:35 - Action steps that matriarchs or patriarchs can take to begin instilling values with heirs

15:30 - Advice for families that are working together to manage a business

18:25 - Final tips for transferring values to heirs

22:00 - How you can get in touch with Matt and Scott for additional information

23:33 - Closing remarks


Connect with Scott Morrison and Matt Nordmann:

Website

LinkedIn

About the Podcast

Show artwork for Path to Abundant Living
Path to Abundant Living
What got you here, won't get you there