What to Do With "Excess Wealth" (7 Smart Moves for High-Net-Worth Families)

What happens when you realize you've saved more money than you actually need for retirement? In this episode of The Upside with Eli, Eli sits down with CPA Brandon Murphy to unpack one of the most overlooked financial planning conversations for affluent Canadians: how to strategically manage "excess wealth." From helping adult children with down payments and business capital to estate planning, tax-efficient gifting, and structuring long-term family wealth, Eli and Brandon break down the real decisions wealthy families face once retirement is already secure. They discuss: What "excess wealth" actually means The most common ways affluent families support their children Real estate vs. invested assets Tax considerations around gifting and wealth transfer How retirees think differently once they know they have enough Why intentional planning matters more than ever Whether you're building wealth, approaching retirement, or thinking about your legacy, this episode offers practical insight into how high-net-worth families make smart financial decisions beyond retirement income planning.