Simply Tax Episode 144

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An optimal family wealth strategy is holistic and combines both investment and estate planning strategies. Do you know when and where to start? Host Damien Martin unpacks the important but often daunting task of planning for your wealth with BKD’s Troy Farmer. Here are the questions they cover:

  • Who is Troy Farmer? @1:48
  • What is a wealth strategist and why work with one? @04:00
  • How does estate planning play a role in wealth strategy? @07:28
  • What are the key decisions you need to make and when? @09:02
  • How do I know if a planning technique makes sense for my family? @11:55
  • What’s a Grantor Retained Annuity Trust? @15:14
  • What’s a Spousal Lifetime Access Trust? @17:54
  • Should I be concerned about outliving my wealth? @20:12
  • Are there risks to consider when implementing a wealth strategy? @21:41
  • What are some frequent questions you answer? @22:30
  • How do you educate the next generation and get them ready to inherit wealth? @27:55
  • What are some actual stories of those who have implemented a wealth strategy? @31:37
  • What should I expect in terms of timing and involvement? @38:13

CONTACT INFORMATION FOR OUR GUEST

Troy Farmer provides wealth transfer consulting and planning services to individuals and families, focusing on helping clients build and preserve their family’s legacy through an integrated suite of services designed to address multigenerational objectives, philanthropic endeavors, and business succession planning. He has more than 25 years of experience providing forward‐looking advice to help clients grow, preserve, and transfer assets in a tax-efficient manner while fulfilling their personal family and financial goals. He also chairs the BKD Private Client™ subcommittee that focuses on BKD Family Office® services.

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