[Easemakers Podcast E65] Endowing legacy properties
How can an endowment help preserve a family's legacy? Winged Keel Principal Mark Richards shares his take in a new episode of the Easemakers Podcast.
Mark Richards, a Principal at the independent life insurance brokerage firm Winged Keel Group, has spent decades in financial planning, helping families preserve their assets and build a legacy. Over the years, he’s seen that families’ properties can be critical in bringing people together and creating a shared sense of harmony across generations.
In this conversation, Mark shares the value of endowing legacy properties, and how private service professionals can support their principals in the process.
Tune in to hear:
- The types of properties families that may be a good fit for an endowment
- How an endowment can cover ongoing expenses, such as property maintenance and operations
- The benefits of an endowment when it comes to family dynamics
- Tips for estate managers on calculating maintenance costs, starting the conversation, and more
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