Episodes

France is one of the world’s largest producers of wine, and is the source of many grape varieties such as Cabernet Sauvignon, Chardonnay, Sauvignon blanc, and Pinot noir. In this episode, John and Michael Parise sit down with wine investor Tim O’Rourke to examine what sets France apart as a producer of wine and how wine can be a multi-generational business, as well as tips for wine collecting and storage. In this episode, you will learn: How and where Cabernet Sauvignon was initially created Wh...

To what extent have you involved and taught your family about risk calculation? In this episode, John and Michael Parise explain the importance of communicating and involving your family in wealth plan risk calculation. They highlight the different risks you and your family should ALWAYS consider when it comes to generational wealth planning. In this episode, you will learn: Must-have tax considerations when stepping out of the market How emotions can impact the amount of risk an individual is ...

In many cases, legacy letters are the main vessel for transferring financial assets down the generational line. In this episode, John and Michael Parise explain the importance of elaborating and involving your family in legacy letters, and highlight the different considerations you should have when you’re prepared to craft your own. In this episode, you will learn: John’s take on using legacy letters as a way to be remembered The difference between the communicational and emotional sides of leg...

Involving the next generation in your family business can be delicate, and it’s important to have a strategy for approaching the transition. In part two of this series, John and Michael Parise, along with guest Jeff Savlov, continue navigating the path of skill development and bringing the younger generation into the family businesses. In this episode, you will learn: The age when you should start preparing the next generation for work in the family business What could happen when children aren...

When is it the right time to start having financial conversations with your children? Today, John and Michael are joined by Jeff Savlov, founder of Blum & Savlov, LLP. Jeff shares his experiences with families educating their children on financial success. He explains why it’s better to begin having conversations regarding financial matters early in the child’s life. In this episode, you will learn: Why Jeff uses the term ‘Success’ instead of ‘Wealth’ How early parents should have conversations...

An intentionally defective grantor trust is an estate-planning tool used to freeze certain assets of an individual for estate-tax purposes. What makes 2020 the perfect time to take advantage of this type of trust? In this episode, John and Michael Parise dive right into the benefits of intentionally defective grantor trusts and why the best time to take advantage of this plan is right now! In this episode, you will learn: What an intentionally defective grantor trust is and how it works How to ...

Special needs planning is critical for families in ensuring children and adults with special needs are protected. In this episode, John and Michael Parise speak with Michael Byrne, a partner at Lighthouse Planning Consultants. Mike addresses many of the misconceptions surrounding families with a dependent adult with special needs, like SSI eligibility and ABLE accounts. In this episode, you will learn: Key benefits that families rely on to care for children with special needs Why it can be diff...

Guardianship is a huge part of special needs planning, as it takes into account what happens to a child if the parents pass away. Finding the right person to care for a special needs child is not necessarily easy. John and Michael Parise explore the topic of special needs planning for families. John explains his background working with families with special needs children and shares how guardianship is a huge factor in the planning process. In this episode, you will learn: What special needs pl...

Collectible coins are an excellent way to build your investment portfolio, or they could be an asset you pass down to the next generation. John and Michael Parise speak with Keith Jacobsen, founder of the International Coin Alliance. Keith introduces us to the investment world of collectible coins, sharing some of his stories over his 25+ years experience. In this episode, you will learn: The number one advantage of investing in collectible coins How collectible coins are positioned in the mark...

Premium financing is a strategic way to build wealth over time, but it does come with its risks. In today’s episode of The Truth About Wealth Podcast, Michael is joined by Darren Sugiyama, author and Managing Partner for Lionsmark Capital. Darren examines premium financing, its benefits, the requirements needed to qualify, and more. In this episode, you will learn: What premium financing is The danger of premium financing in current times How a typical premium financing agreement works The bene...

At Copper Beech Financial Group, we typically establish long-term relationships with clients and families, but our platform isn’t necessarily the right fit for every family. In this episode of The Truth About Wealth Podcast, John and Michael Parise discuss a hypothetical example of an estate plan that did not work out and cover the various reasons why this may happen. In this episode, you will learn: Why some families are not the right fit for Copper Beech’s platform The challenges that can com...

What is a charitable lead annuity trust and how can it benefit taxpayers? In this episode of The Truth About Wealth Podcast, Michael Parise speaks with Derek Myron from Centura Wealth Advisory to discuss charitable lead annuity trust. Derek provides an extensive look into the trust and its tax benefits. In this episode, you will learn: What the charitable lead annuity trust is, how it works, and its value to taxpayers The number one risk of a charitable lead annuity trust A detailed walkthrough...

Do you run a family business? How do you handle the daily challenges that may be unique to running a family business? In this episode of The Truth About Wealth Podcast, John & Michael Parise discuss all things family business: what it’s like to run a family business, how Copper Beech was started, the different challenges they face and questions that needed answering. In this episode, you will learn: How John and Michael handle their personal relationship with their business relationship Their e...

Have you ever wondered how wine goes from the vineyard to your glass? Do you want to know if you’re storing your wine correctly for optimal flavor? In this episode, John and Michael Parise are joined by Tim O’Rourke, a wine investor with an impressive collection that was featured on the cover of Wine Spectator magazine. This fun conversation will give you recommendations on which regions to try, fantastic wines for $20, how to start collecting wine, how to store it properly, and more! In this ep...

Having no business succession plan can be detrimental to family wealth. In this episode of The Truth About Wealth Podcast, John & Michael Parise begin a new series of case studies in which they examine the situation of a past client, discuss their specific needs, and the steps they took to create their plan. In this episode, you will learn: A variety of ways to handle business succession Why ESOP could be the answer, and it’s value to employees How to approach asset protection Real process, imp...

Organizations are using impact investing to tackle social issues alongside a financial return. In this episode of The Truth About Wealth Podcast, John & Michael Parise sit down with guests Christopher Vroman and Dr. Laura Fenster Rothschild of Emmett Partners to discuss impact investing, and how organizations are transitioning to the practice. In this episode, you will learn: The basic concept of impact investing About the broad spectrum of impact investing The benefits of impact investing Why ...

Likely, when it comes to your wealth, you have some questions and concerns about longevity through generations. We’re here to help. In this episode of The Truth About Wealth Podcast, John and Michael Parise discuss common concerns they hear from families, and share how they approach these situations. In this episode, you will learn: How you can stay on top of change and be proactive Why it’s important to plan with future generations in mind Why getting an outside perspective provides a differen...

Family mission statements are one of the most important parts of our clients’ financial legacies. In this episode of The Truth About Wealth Podcast, John Parise tackles the subject of family mission statements, and why they are the key to your legacy. In this episode, you will learn: How the Copper Beech team approaches these letters with families The purpose of a family mission statement The process of establishing the mission statement The difference between the mission statement and legacy l...

Like most things in life, the economy fluctuates, and it can’t continuously be on an upswing. Paul Dietrich is back with part two of this mini-series for The Truth About Wealth Podcast about the realities of the economy and the potential of an upcoming recession. In this episode, you will learn: How international trade plays into the economic situation How the outcome of the American election will impact the financial sector The impact of other international markets on the American market And m...

As much as you may want it to, the economy cannot be stable forever. Many experts are predicting an impending recession, potentially as soon as this year. In this episode of The Truth About Wealth Podcast, Michael Parise sits down with returning guest Paul Dietrich, Copper Beech’s chief investment strategist, to talk recessions, the indicators and how to prepare. In this episode, you will learn: Where we sit today in terms of the economy Indicators to watch for when predicting a recession How t...

Let’s face it — saving money in taxes is always going to be a major goal of financial planning. In this episode, John and Michael Parise discuss tax-saving measures you can take with your IRA, with special guest Mary Read, CPC, CPFA, QPA, and national director of pension and protection planning at Pentegra Retirement Services and partner at M and R Business Development Group. In this episode, you will learn: The impact of the SECURE Act on the rules of tax savings in IRAs The differences betwee...

Is your estate plan private or public? Do you even know what type of plan you have? In this episode of The Truth About Wealth Podcast, John and Michael Parise discuss estate plans, why they are typically in the public domain, and how to avoid a public process. In this episode, you will learn: Why estate plans are public from a legal standpoint The issues you have to address with changing your legal documents How to avoid the probate process How courts may look at public estate plan challenges i...

It’s possible that you’re familiar with estate equalization, even if you’ve never heard of it until now. In this episode of The Truth About Wealth Podcast, John and Michael Parise explain why it’s important to discuss estate equalization during your family meetings. This is a must-listen conversation for parents of blended families, business owners, and anyone who is looking for guidance on how to split their estate. In this episode, you will learn: Why “equal” doesn’t necessarily mean splittin...

For so many high-income families, charitable giving is an important part of their financial plan. But what does it mean to include charitable giving to help you meet your own financial goals? In this episode of The Truth About Wealth Podcast, John and Michael Parise share a case study about a family who included charitable planning in their financial plan. Listen in as they share valuable information about using charitable planning as a mutually beneficial financial option. In this episode, you ...