In the latest installment of The Impact Report, Eric and Ryan examine successful family businesses and the critical wealth planning mistakes they are making on a regular basis. Running a successful family business takes a tremendous amount of working hard and working smart, while navigating family dynamics along the way. This is no easy task, which is why even the most successful family business neglect to fine-tune their wealth planning strategies periodically. This allows for mistakes to creep into the picture. Listen as Eric taps into his experience and outlines each of these pivotal mistakes! This episode is bound to leave you with clear insights to consider for your own family business. Timecodes:0:06 - Introduction and overview on the topic of the day2:08 - The need for wealth planning within a family business3:37 - The level of risk for mistakes that pops up within family businesses5:35 - Finding the right wealth manager for a given family6:55 - Hyper-focusing on the issue of mitigating taxes9:45 - Being secretive about their wealth planning12:04 - Failing to keep your wealth planning accurate and up to date13:24 - What a family can do to make sure their plan is no longer outdated15:10 - Viewing the sale of the family business as a negative thing18:00 - How to get in touch with Eric and his team 19:33 - Closing remarksConnect with Eric Lawton:WebsiteFacebookLinkedIn