Things To Consider When Building Intergeneration Wealth With Portia Wood

The His and Her Money Show

Talaat and Tai McNeely

Business, Investing

4.8 • 1.3K Ratings

🗓️ 5 October 2022

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

The topic of the day is generational wealth. We are pleased to be joined by Portia Wood, an estate attorney.

She‘s an expert and shares her knowledge with us on the things we need to consider that we may not be considering when it comes to our efforts to build generational wealth.

Portia believes that intergenerational wealth is everyone's right, not a privilege reserved for the wealthy. The ability to pass on one's wealth is crucial to building intergenerational wealth.

Achieving wealth takes more than just hard work and skill. And it takes a plan that balances today's needs with tomorrow's security. Creating a plan is the first step toward building wealth.

What You Will Learn:

How Portia found herself practicing as an estate attorney.
The definition of generational wealth.
Who is eligible to have a Trust.
Best practices of establishing a Trust.
Advice for a single person with no kids.
Basics of estate planning.
Types of conversations to have with kids to prepare their mindset for entrepreneurship.
How families should teach kids the aspects of wealth.
The Role of estate attorneys

Connect with the Wood Legal Group

Transcript

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0:00.0	This episode is being brought to you by the Debt Freedom Blueprint.
0:03.2	It's our step-by-step roadmap to start the journey to financial freedom.
0:07.4	You can learn the first steps we personally took to become debt-free
0:11.1	and use our money to build generational wealth.
0:13.6	You can go from worrying about your debt to gaining control
0:16.7	and confidence in the area of money and it's totally free.
0:20.0	To get your copy, go to hisandhermoney.com,
0:23.2	Fortslash, Debt Freedom Blueprint.
0:28.4	Welcome to the His and Her Money Show.
0:30.8	I'm Talley.
0:31.5	And I'm Tye.
0:32.4	Learn how to stop the cycle of debt and build generational wealth.
0:36.4	It's time for you to take dominion over your money and your life.
0:39.8	So let's get started.
0:44.4	Hey everybody, welcome back to another fantastic edition of the His and Her Money Show.
0:49.4	Where we make it our business to help you take dominion over your money and your life.
0:54.8	Thank you for tuning in to another episode.
0:56.8	There are so many places you can be but the fact that you're here with us,
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1:00.6	So thank you once again for tuning in.
1:03.4	Do us a favor, hit that subscribe button because you know we bring this type of top-notch content
1:07.7	to you every single week and we don't want you to miss one episode.
	...

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