Preparing to Inherit

This episode is quite a bit longer than the previous ones. This episode includes business coach Barbara Murphy-Shannon. She asks me some questions that led to insights about what often goes wrong when kids receive significant inheritances, and what can be done about it. First, I mention that people with lots of money often are suffering. Suffering from lack of purpose, isolation, and being taken advantage of. They want connection. But meanwhile, many advisors who claim to help people with fin...

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People who receive financial windfalls often lose the money. This podcast explores the reasons this happens and how it can be prevented. This is relevant to you if you have children or others who will be inheriting from you when you pass away. It is relevant if you expect to receive an inheritance. Or perhaps you will be receiving a windfall in another way, such as selling a company.