In his role as President of Cannon Financial Institute from 1982 to 2007, Ted Ridlehuber advised thousands of professionals on ways to simplify complex information on wealth management for their clients. Many of these professionals revealed that they didn’t typically cover all 13 of the Wealth Management Issues that Ted had identified, assuming that some of these were being covered by other professional advisors. Ted showed them how important it is to offer a comprehensive package of wealth management advice in words and terms that are easy to understand. This assures that clients are completely prepared for efficient tax planning, business succession planning, and charitable gifting, in addition to working effectively with their investments, insurance, wills and trusts.
Upon hearing a presentation by Angie Epting Morris, Ted recognized that there is a 14th Wealth Management Issue - one that is rarely, if ever, addressed in the estate planning process: how to assure that children (heirs) keep peace and avoid conflict when dividing the personal property of an estate, i.e., furniture, jewelry, and sentimental items. Most people agree that it is the division of this personal property that is most controversial and usually the genesis of disagreements and hurt feelings among siblings and other heirs.