Ep 45: Underutilized Wealth: Redeploying Resources for a Lasting Legacy

Kevin D. Quinn is the founder and president of Legacy Counselors, where he specializes in estate and business planning with a focus on small businesses and asset protection. He believes that early planning is crucial for protecting one’s assets, family, and business from potential risks such as creditors' claims and estate taxes. Quinn advocates for a holistic approach that includes building strong management teams, upgrading systems, and encouraging intergenerational communication about wealth to ensure its preservation and growth. Recognizing the emotional attachment entrepreneurs have to their businesses, he advises them on preparing for the transition from business ownership to the next chapter of their lives, providing comprehensive support through Legacy Counselors to maximize business value and secure family financial well-being.   Here’s what to expect this episode: Importance of engaging clients in conversations about preparing for selling a business and ensuring strong management teams are in place. Addressing emotional aspects of selling a business including personal attachment, identity, and future plans post-sale. Succession planning involves structuring shares, addressing estate taxes, and ensuring family financial well-being. Discussing the concept of underutilized wealth and exploring effective deployment for family legacy and asset protection.   Connect with Kevin D. Quinn: https://www.linkedin.com/in/kevindquinn/   Connect with Jacob Koenig: https://woodbridgegrp.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices