What does it take to help ensure your wealth supports your family and favorite causes even after you’re gone?

In this episode, Dan Reese CFP® discusses the critical aspects of estate planning, focusing on inheritance and the importance of communication. Discover why talking about money with family isn’t as taboo as you might think and learn ways you can make these conversations more frequent and meaningful. Dan walks through traditional practices and innovative solutions, like family meetings and donor-advised funds, showcasing the power of teamwork in pursuing a legacy that aligns with your values.

Dan covers: 

• (02:29)The necessity for open and frequent communication about financial plans 
• (06:41) The strategic incorporation of philanthropy into your estate plans 
• (08:26) The importance of regular reviews and updates to your estate plans 
• (10:27, 13:34) Insight into estate planning tools like GRATs and ILITs for managing tax implications 
• The timing of conversations and financial distributions (18:21)
• (22:28) Ensuring life insurance policies and beneficiaries are up-to-date
• And more

Resources:

• Carson Wealth Retirement Readiness Quiz

Connect with Dan Reese CFP®:

• Avery Wealth
• LinkedIn: Avery Wealth
• LinkedIn: Dan Reese