Financial Podcasts
Could a Family Bank Be the Solution?
Inheriting wealth is harder than it sounds. Too often, younger generations misuse wealth because they don’t know how to preserve it or how to make wise spending decisions.
The family bank could be the solution.
In today’s episode, Tim Scannell gives you a behind-the-scenes look at how clients use family banks to educate their children, protect their assets, and channel money in a direction that aligns with their values.
In this episode, you’ll learn:
- The three most popular reasons for creating a family bank
- Examples of how family banks create educational experiences for adult children
- The benefits and drawbacks of using a family bank
- Different priorities a family bank can address
- How a family a bank can encourage certain behaviors in younger generations
- And more!
Related: What Fly Fishing and Generational Wealth Planning Have in Common
Listen in now and learn how you could use a family bank to provide younger generations with support and education!
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