Olson Wealth Group’s Post

In the professional realm, we often discuss safeguarding assets, managing businesses, and achieving financial milestones. However, one of the most profound decisions business owners can make is ensuring the well-being of those they hold dear: their children. As parents and guardians, the concept of legacy is deeply intertwined with love. The image of a father embracing his child is not just a touching moment; it symbolizes the future—a future filled with aspirations, dreams, and the promise of a secure environment. Estate planning, when approached with thoroughness and expertise, is the bridge between today's actions and tomorrow's assurances. At the Law Offices of Casey D. Conklin PLC, our commitment is to ensure that the echoes of your love reverberate through time, offering peace of mind to you and a sense of security to your heirs. Being informed and proactive in this regard does not only denote responsibility; it exemplifies the highest form of care. Business owners, in particular, have a unique vantage point, understanding that long-term strategies are built on today's decisions. With the myriad of responsibilities you juggle, let estate planning be the one where you can say with confidence: "I've got this covered." For those situated in Michigan and seeking a seasoned, trustworthy partner to help chart this crucial journey, we stand ready. With a deep understanding of the intricacies of Michigan law and a genuine passion for our clients' well-being, our team brings both the knowledge and the empathy required for this delicate task. Because ultimately, it's not just about assets and wills. It's about ensuring that your legacy of love, wisdom, and care continues, uninterrupted, for generations. Contact us today to schedule a consultation and start planning for your future. Visit our website at: https://lnkd.in/ggHRhNk3 #EstatePlanning #LegacyBuilding #MichiganProfessionals #BusinessOwners #ChildFuture #TrustInLaw

Planning for the future of your business is crucial to ensuring its continued success, even in your absence. At Life & Legacy Counselors, we specialize in creating strategic plans that facilitate a smooth transition of your business to the next generation or chosen successors. Our focus is on safeguarding the legacy you’ve built, ensuring that your business not only survives but thrives. Through comprehensive planning, including buy-sell agreements, succession planning, and estate integration, we help you address all potential challenges head-on, providing peace of mind for you and your successors. A smooth transition requires foresight and a detailed plan tailored to your business’s unique needs. The Life & Legacy Counselors are here to guide you through every step, from evaluating your business’s current standing to implementing strategies that protect its future. We understand the importance of preserving the essence of what you’ve built, and our approach is designed to align with your vision and goals. Let us help you create a legacy that endures, ensuring your business remains in capable hands and continues to grow, reflecting your hard work and dedication for generations to come. 📍 Washington D.C., Maryland, Virginia, Massachusetts, Pennsylvania & New Jersey ➖ Estate Planning, Elder Services, Business Planning & Development, Estate Administration 📱 855-574-8481 🌐 https://lnkd.in/gWnkPtw6 — #LifeandLegacyCounselors #Legacy #estateplanning #estateplan #estateplanningattorney #estateplanninglawyer #familylegacy #familyestate #generationalwealth #generationalwealthbuilding #legacyplan #livingwill #yourlegacy #familyplan #familyplanning #familyplans #LawFirm #Marylandlawyer #Virginialawyer #WashingtonDClawyer

Wealth 3.0’ and what’s next in advising „Understanding Wealth 3.0 will help advisors know how to just say to G1s: “We understand your anxiety, it’s natural, but you may not need to worry as much as you think. Let’s talk about things you can do to achieve what you want – with purpose.” Then we can turn to the G2s and G3s and say, “We understand you. We know there is greater opportunity here and, in a sense, we’re going to advocate for you.” This takes out some of the potential conflict from the rising generation having to stand up and do it for themselves. In a sense, it is truly advocating for them.“

”𝘓𝘪𝘧𝘦 𝘪𝘴 𝘢 𝘫𝘰𝘶𝘳𝘯𝘦𝘺 𝘵𝘩𝘢𝘵 𝘴𝘵𝘢𝘳𝘵𝘴 𝘢𝘯𝘥 𝘦𝘯𝘥𝘴 𝘸𝘪𝘵𝘩 𝘧𝘢𝘮𝘪𝘭𝘺.” I did my sharing two years back in one of my organisation's Talkshow events for our clients. I shared about how the lack of planning of one's assets (CPF, Saving, valuables, etc), in this case, my then-grandma, could lead to some inconvenience for those who are surviving as additional work and rounds of family discussions are to be squared off before meeting the lawyer. The whole process took about six months to dispel her assets to her kids (my father, uncles and auntie). Estate planning or eventually operationalising via a Will in writing, is a taboo topic. Some may find such a topic is a complicated matter to work on it. So with my experience and knowledge, I have created this simplified 𝗔.𝗕.𝗖.𝗗 𝘁𝗼𝘄𝗮𝗿𝗱𝘀 𝗘𝘀𝘁𝗮𝘁𝗲 𝗣𝗹𝗮𝗻𝗻𝗶𝗻𝗴 infographic to share with my readers and followers. 𝗔 - Allocate your assets based on your choice rather than follow the Intestacy law. 𝘐𝘯𝘵𝘦𝘳𝘦𝘴𝘵𝘪𝘯𝘨 𝘧𝘢𝘤𝘵: 𝘐𝘧 𝘢 𝘤𝘰𝘶𝘱𝘭𝘦 𝘱𝘢𝘴𝘴𝘦𝘥 𝘢𝘸𝘢𝘺 𝘵𝘰𝘨𝘦𝘵𝘩𝘦𝘳 𝘥𝘶𝘦 𝘵𝘰 𝘢 𝘵𝘳𝘢𝘷𝘦𝘭 𝘵𝘳𝘪𝘱, 𝘵𝘩𝘦 𝘰𝘭𝘥𝘦𝘳 𝘰𝘯𝘦 𝘪𝘴 𝘤𝘰𝘯𝘴𝘪𝘥𝘦𝘳𝘦𝘥 𝘢𝘴 𝘵𝘩𝘦 𝘧𝘪𝘳𝘴𝘵 𝘵𝘰 𝘱𝘢𝘴𝘴 𝘢𝘸𝘢𝘺 𝘢𝘯𝘥 𝘢𝘴𝘴𝘦𝘵𝘴 𝘢𝘳𝘦 𝘢𝘭𝘭𝘰𝘤𝘢𝘵𝘦𝘥 𝘵𝘰 𝘵𝘩𝘦 𝘺𝘰𝘶𝘯𝘨𝘦𝘳 𝘤𝘰𝘶𝘱𝘭𝘦'𝘴 𝘧𝘢𝘮𝘪𝘭𝘺. 𝗕 - Build a wealth distribution strategy for your loved ones upon your passing. You have got a well-covered income protection plan for your loved ones if you pass one. However, do they know how to deploy/use it? If not, best to have a wealth distribution strategy so that it can still cover their needs for a longer period without worrying what is their living condition in the future. 𝗖 - Create a schedule of assets inventory for better accountability and clarity. This helps your loved ones know what are your assets to prevent them from searching high and low to have a complete picture of your assets. 𝗗 - Determine your arrangement on your well-being and medical needs to make life easier for your loved ones when the time comes. We do not want our loved ones to be trapped in a situation of what to do next, hence best to document your idea on what type of medical treatment when you are critically ill or when you can't even make the decision. Hope this A.B.C.D guide provides some direction in your Estate Planning. 𝐵𝑒 𝑝𝑟𝑒𝑝𝑎𝑟𝑒𝑑 𝑓𝑜𝑟 𝑖𝑡 𝑡ℎ𝑒𝑛 𝑙𝑒𝑡 𝑦𝑜𝑢𝑟 𝑙𝑜𝑣𝑒𝑑 𝑜𝑛𝑒𝑠 𝑤𝑜𝑟𝑟𝑦 𝑎𝑏𝑜𝑢𝑡 𝑖𝑡. #ABCwithBK #TrustedAdviserofProfessional #EstatePlanning

In the realm of family and business, foresight is key. As a business owner, you're not only a custodian of your enterprise but also a guardian of your family's future. Estate planning is an essential cornerstone in safeguarding both. At the Law Offices of Casey D. Conklin PLC, we specialize in estate planning that intersects with your professional life. For young families, this isn't just a task to check off—it's a strategic move to ensure your children's future and the legacy of your business. 📈 Estate Planning for Business Owners: It’s about aligning your personal and business goals. Whether it's setting up a trust or planning for business succession, each decision you make has the power to secure your family's wellbeing and the continuity of your business. 👨👩👧👦 For Your Family: Beyond assets, estate planning encompasses who will care for your children if you can't, who will manage the assets they inherit, and how their education and healthcare needs will be met. 🏛️ For Your Business: It's about structuring your estate to accommodate the unique needs of business ownership—minimizing tax liabilities, ensuring smooth transitions, and maintaining operational integrity in unforeseen circumstances. 🤝 Our Approach: At Casey D. Conklin PLC, we approach your estate with the precision and care of a master craftsman. Our bespoke estate plans are meticulously tailored to safeguard the fruits of your life's work. The dialogue about estate planning is more than just legal discourse; it’s a discussion about life, legacy, and the love we have for our families and communities. 🔍 Let's delve into the details and chart a course that transcends the now and secures the future. Contact us today to schedule a consultation and start planning for your future. Visit our website at: https://lnkd.in/ggHRhNk3 #EstatePlanning #BusinessOwners #FamilyLegacy #MichiganBusiness #LegalExpertise #CaseyConklinLaw #FinancialSecurity #ProtectYourLegacy #PlanForTheFuture

I'm excited to present on the topic of 'When family dynamics get in the way...' to esteemed colleagues in the Centre for Family Entrepreneurship and Ownership (CeFEO) Practitioners’ Network which I was grateful to be invited to join last year. The purpose of this initiative is to promote a positive dialogue between practitioners and academia in the family business community and that is a purpose I can get fully and wholeheartedly behind. Advancing the field makes the services offered to family businesses better! The purpose of my talk tomorrow morning is to bring attention to the importance of family dynamics in any work we do with or on behalf of family businesses. Family dynamics when they work well will support everything that goes on in the family and the business and when they don't they will slow things down, make decision making difficult and in the worst cases be hurtful, harmful and destructive to both individuals, family cohesion, the family system and in the long run the business will be affected too. We talk a lot about structures, processes and plans and that is so very important but I believe the family dynamics, how family relationships function (not just as a group but between different individuals) is an area we need to understand and work with a deeper and deeper levels. This will move the dial in the long term for the families we work with. - If trust needs to be restored first, a governance structure is not the first answer. - If hurt needs to be healed first, succession planning may be need to be a (close) second. - If conflict is rife, making decisions about the business will be risky. What are your thoughts on the topic of family dynamics? #familyenterprise #familybusiness #familyoffice #familydynamics

📣Missed our latest article on how to craft a meaningful legacy with estate planning? 💖 Here’s your chance to catch up! Discover how creating an estate plan, integrating your values, and securing your legacy can ensure your influence is felt for generations. Learn more about the power of legacy and estate planning by reading our blog today! 📜 Check it out! Link in our bio 👆 #estateplanning #estateplanninglawer #protectyourkids #scottsdale #trust #will #probate #trustadministration #buildyourlegacy #seniors #assetprotection #kidsprotectionplan #powerofattorney #healthcaredirective #longtermcareplanning #desmondlaw #azlegacylawyer

🔍 Discover the intricate dynamics of family businesses with insights from our expert, J.J. Feldman, featured in Alec Foege's comprehensive analysis. Uncover the nuanced strategies for preserving wealth and navigating intergenerational transitions. Gain a deeper understanding of the pivotal role of independent advisers in fostering accountability and resolving internal conflicts. Explore the evolving landscape of family enterprises and glean actionable insights for sustained success. Read the full article here: https://lnkd.in/gzw_juKG

Congratulations to Executive Director, Evangeline Abellada on earning Gold Legacy Ownership! Experior Financial Group, Inc. is pleased to extend its heartfelt congratulations to Evangeline Abellada for attaining the distinguished Gold Legacy Ownership. Being a Gold Legacy Owner at Experior means that in the event of retirement, disability, or death, you and/or your beneficiary will receive a payout on your code and code overrides in the amount of 75% for a period of 10 years, and immediately following the 10-year period, a payout indefinitely at 25%. In the brief span of one year with Experior Financial Group, Inc., Evangeline Abellada has supported 50 clients, collaborating with her own team of 45 agents. Evangeline’s steadfast dedication and expertise serve as a profound wellspring of inspiration, filling us with anticipation for her next achievement! We asked Evangeline Abellada what this legacy ownership meant to her. She responded, “It means a lot because, with hard work, I can now secure my legacy for my children and my children’s children and for generations to come.” When asked for advice to give agents on achieving legacy ownership, Evangeline responded, “Our families are the most important people in the world. What better way to show them than a generation of wealth? Work hard and smart now, and this should be every agent’s ultimate goal to achieve.” #roadto10000 #financialfreedom #herewegrowagain #expansion #industry #disruptors #entrepreneur #legacy #hiring

At @cjnadvisors, we whole-heartedly agree, and help facilitate these meetings. Family meetings: An important strategy for preserving wealth https://lnkd.in/e9XxtmtF #FamilyBusiness #FamilyMeetings