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Listen to Johnson Brunetti's Money Wisdom with Joel Johnson CFP®, host of Better Money Television program and Forbes Contributor. Gain true financial wisdom and advice aimed at educating you about all of your financial options when it comes to retirement so you can make the best decisions for you and your family. Get information and education that can bring you peace of mind with your savings and retirement. Whether it’s your 401k account, IRA, or an underperforming asset, Joel Johnson can answer your questions and make you more aware of issues that may affect you.

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  2. What to Do if You’re Worried About Leaving Your Child a Large Sum of Money

What to Do if You’re Worried About Leaving Your Child a Large Sum of Money

Dec 27, 2024

Estate planning can be difficult enough on its own but what happens when you’re hesitant to leave behind a large sum to a child who might be lacking financial responsibility. This challenge is the focus of the latest episode of the Money Wisdom podcast with Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP®. They tackle a common concern shared by many parents: ensuring their wealth is managed wisely after they're gone.

Here’s what we discuss in this episode:

0:00 – Intro and question

0:47 – Common situation for families

2:06 – Types of accounts matter

4:50 – Ways to lower taxes

6:01 – Will vs trust

9:04 – Next steps

 

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