Charitable giving is one of the most effective ways to promote and sponsor positive change for the betterment of others and for society. Charitable giving is your direct contribution to positive change and perhaps a way to establish a long lasting legacy.
Welcome to the Paragon Podcast. In this episode Evan Shorten discuss how to best handle a financial windfall. Evan discuss the emotional, financial, and family aspects of acquiring new wealth.
Coming into a windfall can be an exciting time filled with joy, optimism, and relief. Thoughts of becoming debt free, financially independent, or the owner of your dream home may preoccupy your mind; perhaps this may be the catalyst to launch your dream business.
A lot of the discussion surrounding retirement planning focuses on how to build your nest egg. While it is certainly important to create a long-term financial plan spanning multiple decades, we believe there also needs to be a conversation with regards to safeguarding your nest egg once you do reach retirement.
Establishing the appropriate trust is an integral part of any estate plan. Having the appropriate trust in place can provide the advantages of avoiding probate and unexpected tax consequences while possibly helping to reduce the size of your overall estate. In addition, establishing a trust allows for your intended wishes to be followed in caring for your heirs.