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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!

Listen in now and learn how you could use a family bank to provide younger generations with support and education!

Resources:  HighTower Great Lakes

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What role does a lifelong learning plan play in multi-generational wealth transfer?

Tim Scannell is picking up from where he left off in his previous episode on multi-generational family meetings. Today, Tim talks about the importance of having a lifelong learning plan, what the plan entails, and how it can help families during wealth transitions.

In this episode, you’ll learn:

• About the role of a lifelong learning plan in transferring wealth between generations
• Why it’s beneficial for families to create a lifelong learning plan
• The #1 concern that clients have during generational wealth transition planning
• Factors to consider when creating a lifelong learning plan
• And more!

Tune in to learn how a lifelong learning plan can help you and your family navigate your financial future!

Resources:  HighTower Great Lakes | Episode 7 – Multigenerational Family Meetings

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Do you know how to prepare for the successful transition of family wealth?

You’re about to find out.

In today’s episode, Tim Scannell discusses a powerful tool that helps families pass on their legacy to their heirs—family meetings.

Here’s what you’ll learn about in today’s episode:

• The primary goals of multigenerational family meetings
• Tim’s approach to introducing his clients to the concept of family meetings
• The importance of transferring wealth as well as the history behind the wealth
• How Tim conducts a multigenerational meeting from start to finish
• What a lifelong learning plan is
• And more!

Tune in now to learn all about multigenerational family meetings and how Tim Scannell can help you!

Resources:  HighTower Great Lakes |