Tag Archives: financial planning

61. DMX: Planning For Blended Families



David Lenok is joined by John Pantekidis, chief investment officer and general counsel at Twin Focus, to discuss the struggles of determining inheritance with children from multiple partners and the legal and tax issues when children are taken into account.

With over 74 million records sold worldwide and a lucrative career that took him in many directions, Earl Simmons, better known as rapper DMX, died in April 2021. He left behind a complex inheritance scenario with fifteen children, and his fiancée Desiree Lindstrom’s attempts to be recognized as his common law partner through the courts.

In this episode, David and John address the laws and rights of partners, ex-wives and children in complex situations such as this.

They discuss:

  • How divorce can complicate relations and inheritance after death;
  • The importance of estate planning in all scenarios;
  • Why disinheritance can be a benefit;
  • and more.

Connect With John Pantekidis:

Connect With David Lenok:

About Our Guest:

John is a managing partner at TwinFocus and serves as the Chief Investment Officer (CIO) and General Counsel. John has been with the firm since January 2007, six months after the firm’s launch. In this role, he heads the firm’s investment research and complex tax planning efforts, working closely with clients to help them design and implement innovative family office structures.

As the firm’s CIO, he also leads research efforts to develop new and creative investment policies, oversees due diligence for manager search and selection, and plays a multi-faceted role in guiding the firm’s private investment activities by identifying, negotiating, modeling, and structuring deals from a fundamental investment and multi-generational perspective. John has also designed and implemented the firm’s sophisticated options overlay program.


Ep 48 – Hugh Hefner: Plan it and Communicate it –– With Robert Wermuth and Kevin Donohue



In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Rob Wermuth, senior partner and Kevin Donohue, partner at the Pennsylvania-based firm Legacy Planning about the intricacies of estate planning. 

Today’s celebrity estate example is brought to us by Playboy Magazine founder and figurehead Hugh Hefner. Through the use of trusts, prenups and taking care of business deals during his life, Hefner left his family and his legacy in a very good place to move on from following his death.

You will learn:

  • How advisors can help clients take advantage of estate planning-focused transactions during their lifetime
  • How planning around a family business in your estate helps avoid the most common conflicts that often arise
  • The benefits of allowing your assets to grow outside of your estate
  • And more!

Hugh Hefner knew what he wanted, and made sure everyone on his team knew it too! Tune in for more details!

Resources: WealthManagement.com | Legacy Planning