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Financially Simple Bizcast


The Financially Simple podcast is your one-stop resource for small business owners. Gain unique insights into growing, refining, and selling businesses. You will hear ways business owners have reduced their tax liabilities, increased their income, improved office morale, saved for the retirement of their dreams, and more.
Host Justin Goodbread is a serial entrepreneur, award-winning CFP® (Certified Financial Planning professional), CEPA® (Certified Exit Planning Advisor), and CVGA® (Certified Value Growth Advisor) with years of experience guiding business owners from start to exit in their business.

Oct 25, 2021

In episode 382 of Financially Simple, Justin discusses Estate Planning with guest Julie Eisenhower of Triamicus Law.

Estate Planning is essential for every business owner, having a legal document in place in case the unexpected happens to you or if you are the principle beneficiary of another business owner. In this episode, Justin and Julie go over the differences between Estate Planning for a business owner and a non-business owner, considerations of inheriting a business, co-mingling and giving someone the power of attorney on your behalf.

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TIME INDEX:

00:42 - Estate Planning, with Julie Eisenhower

02:26 - Business Owner vs. Non-Business Owner

04:37 - Case Example

08:04 - Inheriting a Business

10:57 - Co-Mingling

13:15 - Power of Attorney

16:49 - Recommended Reading

18:48 - A Nugget of Wisdom

20:10 - Wrap Up

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USEFUL LINKS:

Work with Our Team

Julie Eisenhower, LinkedIn

Triamacus Law

What Would the Rockerfellers Do? by Garret B. Gunderson

The E Myth Attorney by Michael E. Gerber

Financially Simple on YouTube

Advance Child Tax Credit Payments in 2021

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BIO:

Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. To learn more about our credentials and awards, please visit https://heritageinvestor.com/awards-certifications/. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.