Building generational wealth is important and can help to set your family and future family up for success. However, what planning is required when it comes to passing down that wealth to your children and their children?
In this podcast episode, Wes sits down with Steven Goodman, Author of Business Succession Planning, to discuss leaving wealth to the next generation. Steven also shares the risks of passing down a family business, what to factor in as a parent with a family business, the pitfalls of leaving wealth to multiple children, cashing out on your company, private equity, and his insights on life insurance.
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