Summary of Staying Wealthy
Strategies for Protecting Your Assets
So you’ve made a fortune. Now comes the hard part: Keeping it.
Brian H. Breuel gives detailed advice about estate planning, business succession, investing, and long-term care. He argues that many wealth-eroding pitfalls can be avoided with diligent planning and professional advice. He covers common problems, including dying without a will, outdated wills, and business succession. Keeping your business’s value in your family’s hands requires planning well in advance of your retirement or death. The well-organized advice here is detailed enough to be useful to sophisticated readers. getAbstract recommends this book to anyone looking for detailed guidance about estate planning and business succession. [getAbstract note: The legal matters covered are based entirely on U.S. law.]
In this summary, you will learn
- How to keep wealth in your family
- Why longer life spans have placed unexpected demands on peoples’ assets
- Why being house-rich and asset-poor in retirement can be problematic
About the Author
Brian Breuel has worked in financial services since 1968, including stints as a financial planner and life insurance executive. He has earned the ChFC and CLU designations. Breuel has a bachelor’s degree from Princeton, a law degree from the University of Florida, and master’s degrees in management and financial services. This is his second financial planning book.
Comment on this summary
Contained in Knowledge Pack:
Knowledge PackFamily WealthHow to solve a great problem: keeping that fortune in the family.
Customers who read this summary also read
Erin Baebler and Lara Galloway
Career Press, 2014
Michael Mazzeo et al.
Grand Central, 2014
Applewood Books, 1986
Career Press, 2016