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Advance Your Wealth - Should You Have a Family Bank?
Manage episode 378053634 series 2834060
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Family banks are a tool that some very wealthy families use for a number of reasons, and they’re increasingly being adopted by more and more families across the net worth spectrum.
On the latest episode of Advance Your Wealth, we’re looking at whether family banks could be a smart move for you!
Timecodes:
0:06 - Introduction and overview on the topic of the show
1:15 - What is a Family Bank?
2:28 - What is a Family Bank ultimately used for?
3:39 - How a Family Bank supports a family and fosters financial intelligence
5:04 - A Family Bank can help people with their business-building desires
6:33 - Family Banks are meant to be a formal solution within your estate
7:50 - Family Banks can offer custom solutions to help address family needs overall
9:17 - Who can leverage a Family Bank?
10:42 - How a family sets up and utilizes their Family Bank over time
12:46 - How to get in touch with Homer and his team to discuss Family Banks
14:20 - Closing remarks
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