3 Critical Wealth Planning Mistakes Family Business Owners Make

Running a family business is complex—it’s easy to overlook simple things and then find your business in a complicated scenario.

In this episode, Tim Scannell shares three critical wealth planning mistakes he sees family business owners make. Tim walks you through each mistake and provides an example that showcases the types of issues that may arise.

Tim discusses:

  • Why your team may be working with the wrong advisor
  • Why focusing too much on tax minimization is a mistake
  • Family business owners failing to keep their wealth plans accurate
  • Why sometimes in our lives, we’re better off hiring specialists
  • And more

Related: How To Manage the Flood of Emotions That Follows Retirement