Lessons from celebrity-estate planning cases for advisors.
Celebrity Estates: Vince McMahon Sr. and the Evolution Of Generational ValuesCelebrity Estates: Vince McMahon Sr. and the Evolution Of Generational Values
In a family business, passing down core values can be a struggle as future generations look to create their own paths.
Vince McMahon Sr. is best known for founding the company that eventually became World Wrestling Entertainment. In a family business, which the WWE very much is, passing down core values can be a struggle as future generations look to create their own paths.
In this episode, David Lenok is joined by Kelley Wolfington, senior wealth strategist at SEI Private Wealth Management, in dissecting the idea of inheriting values. She reveals the importance of creating conversations between generations to develop an effective plan for the future.
Kelley discusses:
How the generational divide impacts personal values
The importance of introducing commonalities between generations
Where the financial advisor fits within the conversation
How to have open conversations with advisors with your family members around
Editor’s Note: This episode was recorded before the recent allegations against Vince McMahon Jr. came to light.
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