Inheritance Wars: Matthew Gilligan's Guide to Navigating Tricky Family Dynamics and Wealth Transfer

NZ Business Owners

In the podcast, Matthew Gilligan, founder of Gilligan Rowe & Associates, shares his wealth of experience in the realm of property investment and management. Gilligan dives into the intricate strategies for successfully navigating the property field, discussing the importance of planning for potential failures and setting up for success. He details the considerations regarding asset protection, tax efficiency, estate planning, and the different facets of legal structures. Furthermore, he highlights the importance of peer review and the roles of lawyers and accountants in safeguarding assets. In addition, he discusses his ventures in property niches such as 'As Is' houses in Christchurch and land banking in Rotorua, and also provides valuable insights into managing the transfer of intergenerational wealth.Guest's Website: https://www.gra.co.nz/ Chapters 00:00 "Introduction" 00:20 "The Entrepreneurial Odyssey: Navigating Business Launch and Team Building" 02:05 "University to Self-Employment: A Tale of Academic Rebellion" 02:31 "Smart Hiring Strategies: The Cornerstone of Success" 03:33 "Door Knocking Chronicles: Challenges, Triumphs, and Everything In Between" 06:35 "Business Evolution and Asset Planning: Crafting Stability in Chaos" 10:06 "Legal and Financial Guardians: The Unsung Heroes of Asset Planning" 15:02 "Peer Review and Fact Finding: Building a Solid Foundation for Asset Planning" 18:23 "Planning for the Unthinkable: Lessons in Failure and Resilience" 22:24 "Navigating Trusts: Safeguarding Wealth for Generations" 25:31 "Estate Planning Essentials: Navigating Relationships and Legacies" 28:14 "Wealth Transition: The Delicate Art of Passing the Torch" 34:27 "Gravy Trotting Awareness: Cautionary Tales in Trust Management" 35:21 "Trust Wealth: The Domino Effect of Mismanagement" 37:13 "Trustees Matter: The Key Players in Wealth Safeguarding" 38:09 "Inheritance Timing and Financial Wisdom: Striking the Right Balance" 38:39 "Early Inheritance Risks: Nurturing Financial Literacy in Heirs" 39:45 "Estate Planning Revisited: A Holistic Approach to Financial Well-Being" 41:51 "Parental Guidance in Finance: Nurturing Money Smarts in Offspring" 42:21 "Strategic Insights into Property Investment: Beyond the Balance Sheet" 58:37 "Decoding Zoning: Unraveling the Impact on Property Investment" 01:02:27 "Precision in Property Investment: The Art of Perfect Timing" 01:04:17 "Unveiling GRA: Clientele and Services Demystified"