Tag Archives: Celebrity Estate

53. The Information About Special Needs Trusts Everyone Needs To Hear With Gina Nelson



Many of us remember Chrisptopher Reeves for his unforgettable performance as the first Superman to appear on the big screen in 1978. But a lot of us forget his later years were spent as a parapelegic after a tragic horse accident. 

In this episode, David Lenok speaks with Gina Nelson about some of the different planning you can do to prepare if you or a loved one should become disabled, and what you can do today to set them up for after you’re gone. 

Gina discusses:

  • The Christopher and Dana Reeves Foundation and how it’s set up to help those living with any type of disability 
  • How a special needs trust can help you and your loved ones
  • The difference between special needs and supplemental needs
  • The importance of flexibility in your trust documents 
  • The different scenarios between who sets up the trust
  • And more

Connect With Gina Nelson:

Connect With David Lenok:

About Our Guest:

Gina M. Nelson is a Senior Vice President – Head of Fiduciary Services with over 15 years of experience in various trust and estate roles.  Prior to joining Chilton Trust, Ms. Nelson served as Executive Director/Global Head of Trusts and Estates Risk at J.P. Morgan where she was responsible for Risk Management of all of J.P. Morgan’s trust companies, which include the U.S., Delaware, Bahamas, and other international entities.  Prior to J.P. Morgan, Ms. Nelson accumulated over 10 years of trust company experience, serving as a resource on complex fiduciary matters, reviewing and approving new business, and developing and enhancing fiduciary processes and procedures.  

She has spoken on panels at several key industry events, including the Delaware Trust Conference and the Mourant Ozannes International Trust and Private Client Conference.  Ms. Nelson began her career practicing law and opened her own practice where her focus was estate planning and trust and estate administration.  Ms. Nelson received her B.A. in French and European Studies from Vanderbilt University and her J.D. from the University of Minnesota School of Law.  


Ep 52 – Peter Bing: How Incorrect Terminology in an Estate Plan Can Cause Total Chaos With Megan Gorman



A trust might make complete sense. But when you add family dynamics to the equation, chaos can ensue. 

This is exactly what happened when a millionaire decided to remove two of his biological grandchildren from his multi-million dollar trust plan. 

In this episode, David Lenok is joined by returning guest Megan Gorman, a founding partner of Chequers Financial Management, to talk about the recent estate case concerning multi-millionaire Peter Bing disinheriting two grandchildren, Damien Hurley and Kira Bonder, and leaving them with nothing.  

David and Megan discusses:

  • How this level of miscommunication can happen in any estate plan, regardless of one’s wealth
  • How to protect your inheritance from creditors, ex-spouses, and anyone else who might come knocking
  • How the language and definitions you use can determine what happens in your estate plan
  • Why a trust proctor could have helped Peter Bing’s case
  • And more

Connect With Megan Gorman:

Connect With David Lenok:

About Our Guest:

Megan is the founding partner of Chequers Financial Management, a fee-only planning firm that specializes in high net worth and ultra-high net worth families in San Francisco, California. Megan heads the firm’s family office services practice.

As well, Megan is a Senior Contributor for Forbes in personal finance and tax. She is also quoted regularly in the press as a tax and financial planning expert including such publications as The Wall Street Journal and The Washington Post. She blogs at TheWealthIntersection.com, has appeared on numerous podcasts, and is a regular weekly commentator on The Money Tree Podcast.


Ep 51 – Preserving Your Inherited Collectibles with Barbara Archer



In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Barbara Archer, managing director and partner at Hightower. David and Barbara speak about Barbra’s story of researching, purchasing and preserving art that can be shared with the world.

Today’s celebrity example begins with Lilly Pulitzer. Lilly quickly grew to fame through her fashion and bright coloured designs. But, an individual so often forgotten in Lilly’s story is Suzie Zuzek. Suzie, the artist behind the designs was once never recognized, but that has recently changed. Our guest shares the story of finding Suzie’s designs and the work it took to have them displayed in the Cooper Hewitt Smithsonian Design Museum. We use this example to understand the steps it takes to preserve collectibles. 

Barbara discusses:

  • Her role in getting Suzie Zuzek’s designs into the Cooper Hewitt Smithsonian Design Museum
  • How advisors should handle the situation of clients wishing to invest in collectibles
  • The hidden costs associated with investing in collectibles
  • And more

Connect With Barbara Archer:

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About Our Guest:

Barbara C. Archer is a consummate entrepreneur who sees her clients’ world through a creative financial lens. As a Managing Director and Partner of Hightower Wealth Advisors | St. Louis, she and the team are resourceful problem solvers who deliver valuable advice and investment guidance.


Ep 50 – Warren Buffett – What Is Your Subconscious Relationship With Money? With Rick Kahler



In this episode, David Lenok, senior editor at WealthManagement.com, sits down with Rick Kahler, president of Kahler Financial Group, as they dive into the subconscious mind around money.

Today’s celebrity example is Warren Buffett and his interesting relationship with money. Buffett, once the most wealthy man in the world, now sits in 7th place. It was Buffett’s relationship with money that got him here – the idea that the wealthy have the duty to help fix the ills of society. We use Buffett to understand the common money scripts and how advisors should be identifying them within their clients. 

Rick discusses:

  • What exactly a money script is and how they are formed
  • The four main categories money scripts fall into
  • How advisors could identify their client’s beliefs and behaviours around money
  • How to address and change negative money scripts
  • And more

Resources:

Connect With Rick Kahler:

Connect With David Lenok:

About Our Guest:

His firm, specializing in the integration of financial coaching, financial therapy, and traditional financial planning, attracts a nationwide clientele. Rick specializes in investment advising and financial planning services for business owners, professionals, and retirees.


Ep 49 – Clare Bronfman: Building Generational Wealth that Matters With Dan Griffith



In this episode, David Lenok, senior editor at WealthManagement.com, is joined by Dan Griffith, senior vice president and director of wealth strategy at Huntington Private Bank.

Today’s celebrity example is brought to you by Clare Bronfman. We discuss Clare’s journey into using generational wealth to fund a company with negative ties. We use this infamous case to dissect how financial advisors can assist clients in building generational wealth that matters.

Dan discusses:

  • Why educating the next generation about money is imperative
  • Strategies that can be used to put money into the hands of the next generation
  • How advisors can educate clients about the risks involved with generational wealth
  • The importance of having financial conversations with your family 
  • And more

Connect With Dan Griffith:

Connect With David Lenok:

About Our Guest:

Dan is an experienced attorney with a passion for helping families and business owners find solutions to their planning challenges. Dan develops insights for clients and writes and speaks about asset protection, estate tax issues and business succession planning.