Simply having significant wealth doesn’t guarantee a great life. For example, inheritors often face a number of significant challenges at various points in their lives, including the years before they receive their inheritance as well as after wealth is transferred to them. On the latest episode of Your Money & A Cup of Joe, we’re looking at some of the issues and hurdles that inheritors of significant wealth may need to overcome along with strategies aimed at addressing them successfully.Chapters:0:00 - Introduction and overview on the topic of the day1:35 - Those who inherit family wealth face particular challenges 2:52 - Some of the pitfalls of dealing with family wealth3:51 - Where to begin in navigating the challenges in wealth transferring5:34 - Addressing bad spending habits or feelings of guilt alongside family wealth7:10 - Begin developing your financial decision-making skills 9:12 - The emotionally challenging issues facing heirs during the wealth transfer process11:31 - Becoming a good steward of family wealth13:12 - Work with professionals you trust!14:53 - How to get in touch with Joe and his team17:06 - Closing remarksConnect with Joe Calao:WebsiteLinkedIn

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