Info

The Retirement Years on Profit Boss® Radio

The Retirement Years on Profit Boss® Radio is a weekly wealth building and retirement mastermind for women and couples. Want the secrets to wealth and retirement to be yours? This is the place. Hosted by Hilary Hendershott, CFP®, MBA, a fiduciary financial advisor running a leading advisory firm, she inspires and empowers listeners on their financial and professional journeys by sharing real stories from real life and real people who are reaching financial success. Let Hilary be your guide as you defy the odds, take control of your money, grow your wealth, and retire well. Hilary’s pragmatic approach to money, no-nonsense attitude, and sophisticated topics combine to create a podcast worthy of its 5-star rating. To learn more about Hilary, read, listen, or watch the show, follow the blog, or to connect directly visit www.hilaryhendershott.com.
RSS Feed
The Retirement Years on Profit Boss® Radio
2020
July
June
May
April
March
February
January


2019
December
November
October
September
August
May
April
March
February
January


2018
December
November
October
September
July
June
May
April
March
February
January


2017
December
November
October
September
July
June
May
April
March
February
January


2016
December
November
October
September
August
July
June
May
April
March
February
January


All Episodes
Archives
Now displaying: Page 1
Jan 30, 2018

When a parent leaves an inheritance as a legacy for their children, the intent is always to secure their future. Statistics tell us that 1-in-3 heirs end up blowing all the money, rather than stewarding it well. Earning and keeping are two drastically different skillsets, and having advice and counsel is essential to manage wealth well. But what would happen if all the advice in the world was basically useless? What would happen if you knew you were going to inherit but had your hands tied? 

 

Today, I have an interesting story about what happens when an inheritance rattles the future, rather than securing it. It is truly a tale of good intentions gone awry. In this interview, my client, who will be known only as “Annie”, tells the story of inheriting $4M from her parents. Annie shares everything she has had to go through just to get her hands on the money that was rightfully hers. Even though her parents took the time to have a trust drafted, she never found the actual trust documents and had to go through the probate courts to have assets transferred to her name. 

 

This is a cautionary tale to people everywhere of the high costs on the people you love if your estate plan is incomplete! Also, Annie had strong emotions about the money to overcome—before she inherited money she lived paycheck to paycheck, and even marched on Occupy Wall Street. Listen to find out if her perspective on wealth has evolved as she inherited. 

 

This is a very moving and vulnerable story. It reminds me that a legacy is an incredible gift, but it is also a heavy weight to bear. I know you will come away from Annie’s story with a lot to think about, (and hopefully, let someone know the location of your Will when you’re through!)  

 

What You Will Learn In This Episode: 

•    We start from the beginning: Annie always knew she would inherit money. 

•    Money and inheritance were abstract. 

•    Annie feels like she almost exchanged her parents for the money. 

•    How the whole trouble with the trust started. 

•    Lawyers don’t always have a copy of the trust. 

•    The time it takes and the uncertainty that follows a missing trust. 

•    How Annie has managed the pain and fear over the inheritance. 

•    Annie’s early days living paycheck to paycheck taught her about what it means to be “enough.” 

•    All about some of the technical aspects of inheritance. 

•    Annie’s vision for her life with this inheritance. 

•    Money has an effect on people. Learn how Annie’s social life has shifted. 

•    How to ensure people in your life has copies of your will. 

•    What Annie is planning to do with her story. 

 

Featured on the show

  1. https://www.profitbosslive.com/
  2. https://www.50kwealthmultiplier.com/
0 Comments
Adding comments is not available at this time.