In this episode of Real Money, Real Life™, Linda sits down with Chad Holmes, CPA, CFP®, and bestselling author of The Inheritance Playbook, to tackle one of life's most emotional and practical challenges: caring for aging parents while planning for multi-generational wealth.
Chad shares how families can avoid unnecessary taxes, navigate probate, and preserve both peace and money. Together, Linda and Chad also explore the mindset challenges that come with stepping into a financial caregiver role and how to foster better conversations across generations.
Key topics include:
- Durable vs. springing power of attorney — and why the difference matters
- The role of wills, living wills, and trusts in protecting families
- Why probate can sometimes be a good thing (hint: creditor claims)
- The powerful step-up in basis and how to pass the torch, not the tax
- The emotional blocks families face when talking about money, death, and legacy
If you've ever wondered how to prepare for the unexpected, protect your family's inheritance, and minimize conflict, this conversation will give you both the strategy and the mindset shifts to move forward with clarity.
Connect with Chad:
Website: https://formulawealth.com/
Childfree Wealth®: https://childfreewealth.com
Childfree Trust®: https://childfreetrust.com
Childfree Wealth Podcast: https://childfreewealth.buzzsprout.com
Email: chad@formulawealth.com
Newsletter: https://formulawealth.kit.com/
Life Audit Service: https://formulawealth.com/lifeaudit
Book: The Inheritance Playbook — available on Amazon and Spotify
Connect with Linda:
Website: https://www.LindaGriz.com
Instagram: https://www.instagram.com/lindagrizely
Facebook: https://www.facebook.com/thelindagrizely
LinkedIn: https://www.linkedin.com/in/linda-grizely
YouTube: https://www.youtube.com/@LindaGrizely
TikTok: https://www.tiktok.com/lindagrizely
X: https://x.com/LindaGrizely
Resources/Freebies:
What's Your Money Personality Quiz: https://bit.ly/MonPersQuiz
What's Holding You Back from Financial Confidence Quiz: https://bit.ly/FinConfidQuiz
Join Linda's Free Community: A space for real talk, fresh starts, and women who are done putting themselves last. https://info.lindagriz.com/widget/form/7NpbG0FdJW2Lwp57R0wj
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