Listen to the Podcast Below
On today’s show we will be talking to Susan Schoenfeld, founder of Wealth Legacy Advisors LLC. She is an award-winning Thought Leader to families of wealth, and Public Speaker to the financial services industry who serve them on the human issues that keep families of wealth up at night: legacy, governance, stewardship, succession, philanthropy and managing fiduciary risk. Susan is based in New York City, is a “recovering” Attorney and CPA with deep experience as an advisor to families and family offices on the human issues of wealth.
During this episode you’ll hear:
- “Hard” issues that are almost always addressed and the “soft “ issues.
- Financial literacy, preparing for family business succession, and protection from financial predators.
- Important questions parents should be asking themselves when addressing the next generation about a family’s wealth.
- “The single biggest problem in communication is the illusion that it has taken place.” -George Bernard Shaw
- Learn why communicating effectively crucial to being able to address family wealth.
- One big elephant in the room that families avoid talking about.
- Defining your family legacy and agreeing on it as a family is a highly significant step in dealing with family wealth.
- Many families have philanthropic aspirations. Learn how to incorporate philanthropy into the family legacy discussion and overall plan.
- How an estate passes on to the next generation. There can be a debate as to what constitutes an equal distribution versus an equitable distribution.
Jonathan Krueger is an Investment Advisor Representative with Lion Street Advisors, LLC, a Registered Investment Advisor. Opinions expressed on this program do not necessarily reflect those of Lion Street Advisors, LLC or LionsGate Advisors. The topics discussed, and opinions given are not intended to address the specific needs of any listener. Neither Lion Street Advisors, LLC nor LionsGate Advisors offer legal or tax advice; listeners are encouraged to discuss their financial needs with the appropriate professional regarding your individual circumstance.
Resources:
Susan Schoenfeld is an award-winning Thought Leader to families of wealth, and Public Speaker to the financial services industry who serve them on the human issues that keep families of wealth up at night: legacy, governance, stewardship, succession, philanthropy and managing fiduciary risk. Susan is based in New York City, is a “recovering” Attorney and CPA with deep experience as an advisor to families and family offices on the human issues of wealth.
Opal Webinar, June 3, 2020
"A HARD LOOK AT THE SOFT ISSUES OF FAMILY WEALTH FOR FAMILY OFFICES AND WEALTH MANAGERS" https://us02web.zoom.us/rec/play/uZItdb-r_zo3EoeV5QSDVvYoW425K6is2yVM-vAEyU_gW3FSZFOuYucUY7CRn8SXKT8i8ssZuZNSpheN?continueMode=true&_x_zm_rtaid=YUh8JKf0QzK-0hc9wDTlZw.1592579957934.76bce3e4e10c2cab1e326855258fed09&_x_zm_rhtaid=742
Shot Clips:
"Soft" Issues are not so soft! https://www.youtube.com/watch?v=XK0CVsO8Ulk
Lessons learned from other parents of wealth https://www.youtube.com/watch?v=erlkqV3a3ls
The 3 Jars for Allowances https://www.youtube.com/watch?v=hLaAJXjo-Xc
Consulting: www.WLALLC.com
Speaking: www.SusanSchoenfeld.com
https://signitt.com/susan-schoenfeld/