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Tuesday, February 14, 2023

Superstar Estates: Succession Planning From The Royal Household

The Windsors keep a inflexible property and succession plan that’s been (in some circumstances, fairly actually) written in stone for a whole lot of years. With the current passing of Queen Elizabeth II, it’s an opportune time to ask: What can planners be taught from such an impossibly inflexible, but concurrently extraordinarily clear ‘plan’?

On this episode, David Lenok is joined by Tim Volk, founder and managing director of T. Volk and Firm, in discussing the repercussions of such a plan, together with the significance of contemplating the age of the ‘subsequent era’ in mild of ever-increasing longevity and the essential distinction between adultship and eldership.

Tim discusses:

  • How a delay within the exit of the top of the household impacts the succession plan of the subsequent era;
  • When do people want to maneuver from adultship to eldership;
  • How longevity impacts who inherits the property (and when);
  • The issue of entitlement in succession planning;
  • And extra


Join With Tim Volk:

Join With David Lenok:

About Our Visitor:

Timothy J. Volk, CFP, is the architect of a extremely profitable entrepreneurial profession encompassing unbiased advisory, strategic planning, and monetary companies (banking, wealth administration, insurance coverage, and actual property) and is pushed by his core values of household, neighborhood, and accountable stewardship. As principal of T. Volk & Co., he leverages his expertise in a profitable legacy household enterprise and offers prudent and trusted counsel to households striving to guard their enterprises and protect their wealth.

Browse extra episodes on this podcast sequence. … 

The Superstar Estates: Wills of the Wealthy and Well-known podcast is obtainable on Apple PodcastsAndroidStitcher and wherever podcasts are discovered. 

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