Investing in Well-Being: Creating and Preserving Generational Wealth

Level: Beginner
Runtime: 62 minutes
Recorded Date: March 10, 2021
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  • 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


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


René Morency, MBA/JD/LLM

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

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.

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