Episode 39: Your Beneficiaries Are People and Part of Your Plan

In this episode of Wealth on Purpose, Brian Diffily & Brian Hartmann share why your advisor should care about and have a relationship with your beneficiaries.

Key Topics:

Beneficiaries are real people, not just names on a paperwork form

Knowing a beneficiary personally changes the questions advisors ask clients

Beneficiary conversations often surface during the most stressful times

Grieving beneficiaries frequently face financial dissonance they never expected

A Williams Group study found 70% of wealthy families lose wealth by the second generation

Poor communication, not bad planning, causes most generational wealth loss

Inheriting money differs greatly from being prepared to steward it

Getting to know beneficiaries surfaces family values like education and philanthropy

Roth conversions carry a purposeful story that matters as much as the money

Reviewing beneficiary documents and starting the conversation prevents costly mistakes

Connect with us: 

Brian Diffily

Brian Hartmann, CFP®

Visit our website:

Granite Bridge Wealth