Family Business Audiocast

~ Start 2025 with These Estate Planning Updates ~ 2025 is almost here, and it’s a good time to think about estate planning and what’s changed (or could change) in the new year. Here are a few important items we’re reviewing with the families we serve: - Inflation Adjustments for 2025 - The IRS has issued inflation adjustments for tax provisions, including updates to tax brackets and the standard deduction for 2025. Be sure to review how these changes might impact your planning.  - Corporate Transparency Act - The CTA introduced new reporting requirements for businesses, including LLCs often used in estate planning, to disclose information about their beneficial owners, reducing anonymity. Recent legal action has created confusion: after being temporarily blocked, enforcement was briefly reinstated, but a December 26, 2024 court ruling restored a nationwide injunction, halting enforcement again. While businesses are not currently required to file reports, they should stay informed as the situation evolves.  - SECURE Act Guidance on Inherited Accounts - Final IRS regulations clarify that most non-eligible beneficiaries must withdraw inherited retirement funds within 10 years, with annual required minimum distributions (RMDs) for accounts where the original owner had already begun taking distributions.  - 529 Plan Rollovers to Roth IRAs - The SECURE 2.0 Act allows penalty-free rollovers from 529 college savings plans to Roth IRAs in certain circumstances. This provides a new way to repurpose unused funds for retirement savings.  - ABLE Account Expansion - Changes under the SECURE 2.0 Act expand access to ABLE accounts, tax-advantaged savings options for individuals with disabilities. The eligibility age limit has increased from 26 to 46, helping more individuals and families save for disability-related expenses.    The start of a new year is the perfect time to revisit your estate plan to ensure it reflects your family’s values and aligns with current laws. Be sure to consult your attorney for tailored guidance on these updates and how they may affect your specific situation.    #EstatePlanning #FamilyEnterprise #FamilyBusiness #FamilyLegacy  

The new year is the perfect time to reset and build habits that stick. Think of muscle memory—it’s not just physical. It’s mental, too. Repetition turns actions into reflexes, shaping how we live, work, and connect. Every January, I reassess my habits. I print my list, tape it up in my bathroom, and commit to it daily. It’s my foundation for growth. Here are some of the habits I’m focused on this year: 🎯 Get up early 🎯 Focus on one thing at a time 🎯 Accept criticism with grace 🎯 Recharge intentionally 🎯 Plan my week ahead 🎯 Exercise daily 🎯 Tell people I love them 🎯 Write thank you notes 🎯 Be kind 🎯 Forgive others—and myself These habits work for me, but your list will be yours alone. As we step into 2025, take a moment to reflect: ➡️ What habits will help you build the life you want? ➡️ What actions, practiced daily, can become second nature? Write them down. Start small. Show up every day. Let muscle memory do the rest. Wishing you a happy, healthy, and intentional New Year! #NewYearGoals #NewYear2025 #HabitBuilding #MuscleMemory

As the year comes to a close, we’re reflecting on the topics that resonated most with our community in 2024. These ten articles highlight the themes we’ve seen shape the family enterprise landscape—education, governance, communication, and stewardship. From crafting a family constitution to defining ownership roles, these insights serve as essential guides for families navigating the complexities of legacy and growth. Explore the top articles of the year: 1️⃣ Primer on Family Constitutions - https://lnkd.in/egpAiNxs 2️⃣ Balancing Liquidity and Legacy - https://lnkd.in/dDn_5G3j 3️⃣ You Need More Than One Succession Plan - https://lnkd.in/eHRXmbrS 4️⃣ The Importance of Communication - https://lnkd.in/eWtYFjPj 5️⃣ How to Organize Effective Family Meetings - https://lnkd.in/emyCNMb3 6️⃣ Seven Essential Documents for Family Enterprises - https://lnkd.in/e9YfepTX 7️⃣ The Case for Investment Policy Statements - https://lnkd.in/eTbCXmMJ 8️⃣ The Most Important Hire for Your Family Office - https://lnkd.in/eG-arESK 9️⃣ Raising Children in a Legacy of Success - https://lnkd.in/eZmBMFGN 🔟 Defining Ownership Roles - https://lnkd.in/ezaW8qsD For more of our content and announcements, subscribe to our monthly email newsletter. (https://lnkd.in/eUu5cC6c) Let’s continue the journey of building resilient family enterprises together. #FamilyBusiness #FamilyEnterprises #Governance #SuccessionPlanning #LegacyBuilding #RisingGen #FamilyWealth #DifficultConversations #Stewardship #FamilyOffice

Unveiling the Future: AI, Bitcoin, and Critical Thinking with Jordi Visser Prepare to challenge your thinking and reshape your perspective on wealth, technology, and the future. Join me for an exclusive, game-changing discussion with Jordi Visser on Monday, December 30th at 2 PM ET, as we dive into the key forces transforming our economy, investments, and society: Bitcoin, AI, and critical thinking. Jordi Visser, a renowned investor, deep thinker and retired hedge fund manager, will share his unparalleled insights on: - Bitcoin’s Evolution and Its Role in the Financial Future: Why the world’s most disruptive asset continues to confound the financial elite. - AI: How will it revolutionize industries, challenge traditional wealth structures, and create an entirely new playing field for investors? - Critical Thinking: The art of asking the right questions, avoiding cognitive biases, and adapting in a world defined by chaos. - The Future of Family Offices: How the landscape will transform with AI, decentralized assets, and global connections. In addition we challenge the status quo and bring first principles thinking in redesigning the investing family office of the very near future! We’ll cover everything from liquidity in a time of crisis (it’s bit scary) to the transformative power of AI in reshaping industries. This is not just a conversation about trends—it’s about understanding and acting on the forces shaping the next decade and beyond. Key Takeaways: - The future of Bitcoin and its role in decentralizing global trust. - AI as the control layer for everything—what this means for investors and family offices. - How to cultivate critical thinking and adapt to exponential change. - Why the next 10 years of innovation will rival the past 100—and how to prepare. - How geopolitical risks, economic instability, and AI are converging to reshape wealth and power. This session isn’t just about information—it’s about transformation. You’ll leave with actionable insights and frameworks to thrive in an unpredictable world. Mark Your Calendar: Date: Monday, December 30th
Time: 2 PM ET Live on LinkedIn! 
 This is a rare opportunity to gain insights from one of the most dynamic thinkers in the industry. You need to ask yourself: Would you rather be "right" or make significant wealth? Skeptics missed everything the last 500 years. #angelorobles #familyoffice #Bitcoin #AI

What / who are the best family office newsletters, thought leaders and journalists covering current events and aggregating relevant news articles? Here is what I have thus far (please forgive any oversights as this is off the cuff)...which ones am I missing that are a must follow? - Modus News / Michael Thrasher - Institutional Investor / John Crabb - GPFO / Hugo King-Oakley - Mr Family Office - Hall Road Investments / Shaun Parkin - Crain Currency / Marcus Baram - Simple / Francois Botha - Inside Wealth CNBC / Robert Frank

Family business owners, I invite you to give yourselves the gift of investing in your family relationships. It will pay enormous dividends. It isn't easy being a family in business, sometimes it isn't easy being a family full stop. Difficult family relationships will spill over into the business over time. The opposite is true too. Solid relationships have a profound impact on where you can take your business together. So, my invitation is to work on your relationships. Build and nurture your relational capital like you would any other asset you value. Consider bringing in expertise where you need it. Prioritise spending time together. Have fun together without talking about the business and set specific time aside for business conversations. Some boundaries are key. For everyone involved. Perhaps you are doing the above already but there is still friction between family members? Structure is rarely the full answer. Is there a specific area you would like to focus on or is your goal family cohesion in general? What motivates you to take action? What gets in your way? I'm here to help you on your journey! If any of the above resonates, if you're keen to move forward or if you're not sure where to start, please get in touch. An exploratory conversation can be the beginning of a new journey or chapter for you and your family business.