Tag: great wealth transfer
The Great Wealth Transfer: What Most Families Are Not Prepared For

The Great Wealth Transfer: What Most Families Are Not Prepared For

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Inheriting money sounds straightforward, but for many families, it becomes one of the most confusing and emotionally loaded financial moments they will ever face.

In this episode, the client learns why preparation, guidance, and the right advisor matter more than the inheritance itself.

Jim Sumpter, CFP®, is joined by fellow CFP® David Pulcini Jr. for an honest conversation about the Great Wealth Transfer and why so many families are not fully prepared when assets change hands. Together, they unpack what really happens when money, property, and responsibility pass from one generation to the next, and where costly mistakes often occur.

Jim Sumpter, CFP®, discusses:

  • Why most heirs are unprepared for inherited wealth
  • The difference between inheriting assets and managing them well
  • What fiduciary responsibility really means in real life
  • Questions every family should ask before and after an inheritance
  • Common mistakes families make when wealth transfers occur

Resources:

Connect with Jim Sumpter: 

Connect with David Pulcini Jr.:

About Our Guest: 

David Pulcini Jr. is a Certified Financial Planner® and founder of Six Point Financial Partners in Rochester, New York. He also hosts the podcast The Great Wealth Transfer, where he helps families understand inheritance planning, financial decision-making, and generational transitions.

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