The Hardest Step: Succession Planning
What Will Your Legacy Be?
The advisor across the table could tell that his client, an 80-year-old widow, was having a hard time with the estate plan he presented her. He thought the plan met her personal wishes, saved her a ton of estate taxes, and would benefit a charity she loved. After all, it was not easy developing a plan for a widow with $20 million in liquid assets. It was the perfect estate plan for her, and he was puzzled by her worried look.
Are You Kidding Me?
He asked her, “Why are you hesitant to move forward with the plan presented?” She said, “I am not sure if I can afford to give a $5 million ...
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