Attention:

Investing in Well-Being: Creating and Preserving Generational Wealth


Level: Beginner
Runtime: 62 minutes
Recorded Date: March 10, 2021
Click here to share this program
Download PDF

Agenda

  • Describe some of the applicable key components of a financial plan towards building wealth
  • Apply best practices in budgeting, saving, and debt and risk management for building generational wealth
  • Develop strategies for how to grow, maintain, and pass generational wealth
  • Identify which types of professionals to seek
Runtime: 1 hour, 2 minutes
Recorded: March 10, 2021

Description

Finances are consistently a leading source of stress for American households—especially for young professionals like lawyers burdened with overwhelming student loan debt. The ability to meet financial goals and needs determines an individual's financial health and future. Financial health affects many aspects of personal well-being and contributes to overall health and happiness.

What a great opportunity to invest in lawyer well-being. Learn how to reduce the anxiety caused by financial stressors to help you be a better lawyer and effectively represent your clients.

This program looks at young lawyer wealth creation, preservation, and transfer. Appropriate for young lawyers who do or do not have children, are married or single, and have high income or modest income, this program's learning objectives include introductory understandings of the following: Cash flow, debt, savings, retirement, credit, tax issues, financial planning, insurance, philanthropy, and how all of these are interrelated. Following this webinar, young lawyers will hopefully be better able to spot issues pertaining to their own financial health, feel more empowered, and have an idea of which types of professionals they might seek to address their concerns. First generation lawyers and those who were not raised with the benefit of financial wealth might particularly benefit from this program. In this judgment-free zone, attendees may discreetly ask questions they have privately held.

This program was recorded on March 10th, 2021.

Provided By

American Bar Association

Panelists

René Morency, MBA/JD/LLM

Attorney
Prudent Counsel, LLC

Ren? joined Sandberg Phoenix in 2021 and is a member of the Business and Business Litigation practice groups. He advises clients on day-to-day business matters such as contract drafting and negotiation, purchases and sales. Ren? keenly understands the intersection of closely-held business and estate planning. Prior to law school, Ren? was the principal of a boutique consulting company, where most of his clients were private foundations, charitable trusts and Fortune 500 corporate giving programs. Two of his key clients included a multi-billion-dollar private equity company and a family foundation made possible by the wealth of the private equity company. There, Ren?’s passion for successful mergers & acquisitions and strategic philanthropy grew. This led him to seek degrees in law, business, finance and tax.

Ren? believes that you can only provide effective counsel if you understand your client’s interests, why those interests are valuable, and what circumstances may change your client’s value proposition. This is of great importance to Ren? because he understands first-hand what it is like to have grown a business, through two major recessions, while he counseled others.

Outside of the office, Ren? enjoys his family; the arts; and swimming, biking and running.

Esther Hyun

Associate
WNS Denali Sourcing Services, Inc.

Esther is an Associate with WNS Denali Sourcing Services, Inc. She is also the Division Director of the ABA's Young Lawyers Division of Diversity & Inclusion.

Brian M. Balduzzi, Esq. Tax LL.M., MBA, CFP

Private Client Services Attorney
Faegre Drinker

I am an innovator and trusted advisor in the wealth management, financial planning, and fiduciary industries. I facilitate holistic, personalized opportunities for successful families committed to growing and maintaining a legacy of values and impact. I bring a multidisciplinary approach to the relationship with experience drafting sophisticated and complex estate plans; advising on minimizing personal income, gift, fiduciary, and estate taxes; planning for successful business successions or transfers; and helping families align goals with financial, legal, and investment options.

With an MBA (with Concentrations in Financial Analysis and Investments, and Minor in Real Estate), JD, and Tax LL.M., I am optimally equipped to review evolving legal and financial trends, regulations, and laws, and to bring emerging research in these areas into practice. My attention to your family's unique investment, financial, and personal needs is bolstered by additional study in emerging markets, sustainability, and charitable giving, as well as family business and succession planning. I execute upon our discussions with demonstrated success in project and task management, meaning that even the most complicated of family and personal scenarios will be met with assurance, delivery, and confidence.

In my spare time, I am a passionate board member for multiple local and national non-profits and professional organizations; paid actor, singer, and performer; data scientist and computer programmer; published scholar in the intersection of financial literacy, tax law, LGBTQ, and wealth management; and adjunct tax, estate planning, financial planning, and business law professor.


Similar Courses

Card image cap
122 minutes
A New Regime of Transparency: Anti-Money Laundering and Corporate Transparency Acts of 2020 and Expansion of Cryptocurrency Reporting
Join us for a two-hour program covering the substantial legislative changes made by the Anti-Money Laundering and Corporate Transparency Acts of 2020 and the recent expansion of cryptocurrency reporting announced by FinCEN.

American Bar Association

$165

Add to Cart
Card image cap
74 minutes
Achieving Consensus in Bankruptcy Disputes Through Mediation
In this program, three expert mediators, two retired judges and one federal judicial mediator will provide insights on what to expect in a mediation of a dispute in a contested matter or adversary proceeding in a bankruptcy case. 

American Bankruptcy Institute

$75

Add to Cart
Card image cap
62 minutes
Adapting to CFPB Regulation Guidelines
In this session, GCs will discuss the impacts of rules enacted by the CFPB with regards to consumer transparency and fraud protection, and what they mean for their organizations. Panelists will share procedures for streamlining procedures to adapt to CFPB regulations, and strategies for compliance moving forward.

SuperConference

$65

Add to Cart
Card image cap
75 minutes
Banking and Bankruptcy
Money talks and lending trends: This session will highlight consumer banking issues, technical aspects in cryptocurrency, and fintech.

American Bankruptcy Institute

$75

Add to Cart
Previous Next