$2.1M Gifting & Business Exits: Estate Planning Case Studies
How do you turn a "jackpot moment" into a lasting family legacy? In this episode of Allworth’s Money Matters, Scott is joined by partner advisor Richard Del Monte (while Pat is on vacation) to tackle the complexities of wealth transitions and family gifting.
Through a $2.1 million case study, the team discusses how to support adult children through "giving while living" without creating family conflict. Then, Simone Devenny, Allworth’s Head of Private Wealth Strategies, joins to share a masterclass in succession planning for business owners. Using a multi-million dollar business exit as a guide, she breaks down the financial planning techniques needed to minimize taxes and protect your legacy during a major liquidity event.
Highlights include:
The Gifting Dilemma: Managing "warm hearts vs. cold hands" in a $2.1M portfolio.
The Business Exit: Estate strategies for multi-million dollar sales.
Family Transparency: How to mentor the next generation on wealth.
Tax Strategy: Sophisticated ways to protect your business proceeds.
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