Why is it Important to Leave a Legacy and Preserve the Wealth you have Created with Leslie Quinsay
In this episode of the F.I.R.E. Podcast, Tahini is honored to have Leslie Quinsay in the program to share to the community her knowledge on real estate investing. Leslie Quinsay is a recipient of the Canadian Real Estate Magazine “Investor of the Year” award, an experienced investor and co-owner of a thriving family business for over 25 years, a Goodreads author and author of the book, Legacy: A Guide to Successfully Transferring Wealth from One Generation to the Next.
The conversation tackled other relatively important aspects such as Estate Planning, Trust Fund, insurance policies that can help cushion the impact of all the taxes that may be due and building a team of advisors of accountants and lawyers.
Towards the end of the conversation, Leslie imparted important advice to women who would like to venture in real estate investing. One is to know what your real goal in building your portfolio and second, to speak to advisors early on to help you set all this up. In other words, begin with the end in mind.
What You Will Discover In This Episode:
How to educate your children to preserve the wealth that you created? Why communication and/or leaving instructions is important in case something happens to the parents? Aspects of estate planning and why it is important for Real Estate Investors What is a trust fund in the perspective of Leslie Quinsay? Why is it important to have a team of experts in estate planning?
"The time is NOW."
"Ownership is very different from how something will be managed."
"Plan for tomorrow but live for today."
“If you want to go fast, go alone; if you want to go far, go together"
"Begin with the end in mind."