Episode 2: Protecting Family Wealth from Rags to Riches to Rags

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Your estate plan is not a one-time transaction, and treating it like one could cost your family everything you built. In this episode of True Wealth with Joel Baker, Joel discusses estate and business planning with Chris Papin, a CPA, attorney, and licensed insurance producer. Chris reveals why the biggest mistake families make is treating their estate plan as a one-time event. He explains how the right structures protect heirs from themselves and keep wealth from vanishing by the third generation. They also dig into the most overlooked decision in any large estate: choosing the right trustee. Key Takeaways: → An estate plan is a living document that must be revisited as your life, assets,…