The Michael Yardney Podcast | Property Investment, Success & Money

In today’s show, Ken Raiss and I will discuss inheritance strategies to help make your children richer.

Whether you've already built substantial wealth or are just starting your financial journey, it's never too early or too late to start thinking about how to pass on your wealth to the next generation.

Today Ken shares his insights and expertise on estate planning, trust structures, and tax implications of inheritance.

We discuss the pros and cons of different strategies, including gifting, testamentary trusts, and family trusts, and explore how these can be tailored to your specific needs and circumstances.

So, whether you're a parent looking to provide for your children's future, or just curious about inheritance strategies and how they work, this episode is for you.

Estate Planning Essentials with Ken Raiss

I hope that by the end of this episode, you’ll gain a deeper understanding of how to craft a legacy that not only protects your assets but also prepares the next generation for financial success. Ken's expert insights provide valuable guidance for anyone looking to secure their family's financial future and ensure a smooth transfer of wealth.

We discuss:

●        Inheritance strategies for wealth transfer, focusing on estate planning, trust structures, and tax implications

●        Importance of creating a strong will and communicating effectively with family members to avoid contested wills

●        The benefits and flexibility offered by family security trusts, testamentary trusts, and charitable foundations

●        Strategies for financially educating family members to ensure they understand and respect the assets they will inherit

●        Complexities of blended families and how to safeguard assets for original children

●        Special disability trusts to protect and provide for children with disabilities

●        Business succession planning

o   Key agreements

o   Insurance considerations

●        Importance of involving children in financial responsibilities

●        Education trusts and their role in funding children’s schooling in a tax-effective manner

Links and Resources:

Ken Raiss, director Metropole Wealth Advisory

Have a chat with Ken Raiss and the team at Metropole Wealth Advisory to secure your financial future – click here

Get Ken Raiss’ report: Your Guide to Understanding Ownership Structures & Trusts – just click here

Why not get the team at Metropole on your side to give you holistic property and wealth advice– find out more here

Get your bundle of E-books and resources  my gift for subscribing to this podcast   www.PodcastBonus.com.au

Some of our favorite quotes from the show:

“In essence, the owner of the assets doesn't change, it's the trust, it's just the people who control it, who have access to it, that change.” – Michael Yardney

“A testamentary trust can be set up during your lifetime. It forms part of your will, but it only comes into effect upon your death.” – Michael Yardney

“And here's a little-known secret to success that only a small number of employees have ever discovered: going that extra mile is an investment in themselves.” – Michael Yardney

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