Michael Grant, Trusted Legacy Strategy Planner For Successful Business Owners, is interviewed by television news presenter and reporter Amber Sherlock of TV’s Nine News. They discuss how his book will make an impact on his readers and help them manage their legacy.
Transcription
Amber Sherlock: How will your book make an impact on your reader and help them?
Michael Grant: The process of legacy planning is one of developing a roadmap and like all roadmaps, you need to know where you are. You need to know where you want to go and the road map shows you how to get there. So it’s a structured process that someone like myself facilitates through a fairly detailed discussion, very honest discussion. Sometimes it can be quite confronting, but a very important one.
Thing is that people have done the hard yards of creating a successful business, building up an asset portfolio and they are financially secure and their families financially secure. And that means they’ve got the ability then to get on and do these other things that they think are more, not more worthwhile, but in addition to what they’ve done. And so where we get to is a situation where they need to understand how do they build a plan? How do they implement it and what structures should they use to put that implementation inside? And so one of the concepts I’ve developed and the book is we’ll talk about in the book is the concept of a family office. Now, this is a concept which can be a real company, which employs people that looks after the family’s finances and all the other things that mattered to the family.
Or, it can be a virtual organisation, which is basically an outsourced structure which someone like a trusted adviser would manage for them. And he would actually, he or she would actually manage other advisers as and when the family require them. And in conjunction with the discussion with the family.
