Simply having significant wealth doesn’t guarantee a great life. For example, inheritors often face a number of significant challenges at various points in their lives, including the years before they receive their inheritance as well as after wealth is transferred to them.
On the latest episode of Advance Your Wealth, we’re looking at some of the issues and hurdles that inheritors of significant wealth may need to overcome—along with strategies aimed at addressing them successfully.
0:06 - Introduction and overview on the topic of the day
1:23 - What Homer's team is known for
2:29 - There are challenges associated with giving and receiving wealth
5:13 - Where families can begin to effectively navigate these challenges
7:00 - The red flags to be on the lookout for
8:58 - Steps your family can be taking to avoid these mistakes overall
10:20 - Advice on dealing with the emotional challenges of inheriting wealth
13:02 - Smart ways we can be good stewards of our wealth
15:21 - The bottomline: Addressing the challenges of giving and receiving wealth
17:30 - How you can get in touch with Homer's team and learn more about a VFO
18:25 - Closing remarks
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