Episode 38

Published on:

24th Oct 2023

Advance Your Wealth - Addressing the Challenges of Giving and Receiving Family Wealth

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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About the Podcast

Advance Your Wealth With Homer Smith
Financial advice to generate the results you expect and desire
Advance Your Wealth With Homer Smith provides you and your business with the financial advice needed to make calculated decisions moving forward. With over 18 years of industry experience, Homer Smith, Private Wealth Advisor with Konvergent Wealth Partners, understands the importance of a commitment to customer service and strives to help clients pursue their financial goals towards aspirations and retirement.

Each episode we'll take a deep dive into a different complex topic surrounding personal and business wealth management. So sit back, relax, and enjoy enlightening conversations that highlight an array of financial questions and topics.

Investment advice offered through Integrated Financial Partners, doing business as konvergent wealth partners, a registered investment advisor.