Managing risk is a critical part of managing significant wealth. It cannot be ignored or forgotten, like that insurance policy you bought 15 years ago. Rather, high-net-worth families, business owners, and professionals need to reprioritize risk management as one of the most important elements of their wealth plans. Life changes, tax laws shift, businesses restructure. Even the best plans quickly become outdated unless insurance due diligence rises to the top of your to-do list.
In this webinar, we will uncover the five most common places you may find yourself over-exposed to risk or, even worse, poorly positioned for optimal wealth. By attending this webinar, you will learn:
- Surprising aspects of your wealth may be at risk without you even realizing it
- Life insurance as a wealth management tool can provide wealth replacement avenues, tax advantages, income replacement, and transition of business interests
- Running a regular analysis of the types, structures, timing, and amounts of insurance you own can greatly influence your personal and business decisions
- The way you designate policy ownership and beneficiaries can have a large impact on whether your insurance is included in your estate for federal estate tax purposes
- A comprehensive insurance program as part of your estate plan can help to preserve assets for future generations and reduce your estate’s exposure to certain risks
CFP, CIMA®, CPWA®, and AEP® CE Credits have been applied for and are pending approval.
Bruce Carrow, CFP®, CLU®, ChFC®, AEP®, CAP®
Senior Wealth Planner
Thomas Kelley, CPA®, CFP®, AEP®
Susan Lipp - Moderator
Editor in Chief
Trusts & Estates