The Wealth Transfer Podcast

What happens when a business owner knows they need to transition someday, but hasn’t figured out who should take over, what should happen next, or how to protect the relationships involved?
In this episode of The Wealth Transfer Podcast, Matt Templeton sits down with Elizabeth Ledoux, founder of The Transition Strategists, and Laura Chiesman, Managing Partner and Financial Advisor at Savant Wealth, to talk about business succession, family enterprise planning, and the people side of transition.
Elizabeth and Laura explain why successful transitions require more than legal documents, financial projections, or a sale price. They require clarity around why the transition matters, what is being transferred, who should be involved, when different responsibilities should move, and how the next chapter should be funded and structured.
This conversation also covers Transition 3.0, successor readiness, family business communities, spouses and children in the transition process, family offices, charitable planning, liquidity events, and why business owners should make time their friend long before they are ready to exit.
Whether you own a family business, manage a family enterprise, are preparing the next generation, or are simply trying to understand what life after the business could look like, this episode offers a practical look at how to build a transition roadmap that protects both wealth and relationships.
 
📅 Book a Free Strategy Session with Real Estate Wealth Advisor, Matt Templeton: https://calendly.com/templeton/strate...
 
Connect with Laura Chiesman & Savant Wealth
📧 lchiesman@savantwealth.com
📞 (321) 773-7773
🌐 SavantWealth.com
 
Connect with Elizabeth Ledoux & The Transition Strategists
📧 elizabeth@transitionstrategists.com
🌐 TransitionStrategists.com
Elizabeth is offering listeners a free electronic copy of the second edition of It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning. Click HERE to request YOUR FREE DIGITAL COPY.
 
🧭 Episode Highlights & Timestamps
[00:00] Why Business Transition Planning Is About More Than Selling or Stepping Away
[00:05] Transition 1.0, 2.0, and 3.0: Why Successors Need a Voice in the Process
[00:07] How to Protect Relationships During a Business Transition
[00:08] The Objectives Matrix and Finding the Family’s Collective “Why”
[00:12] What Happens When the Next Generation Has a Different Vision for the Business
[00:15] What It Means to Be a “100 Percenter” in Succession Planning
[00:17] Why Financial Clarity Helps Owners Become More Generous and Open-Minded
[00:20] The Relationships Business Owners Must Consider: Family, Team, Clients, Community, and Self
[00:24] How Early Business Owners Should Start Planning Their Transition
[00:27] Common Mistakes Owners Make When Planning in a Vacuum
[00:30] The Big Six Questions Every Owner Should Ask Before Transitioning
[00:35] Charitable Giving, Foundations, and Donor-Advised Funds in Planning
[00:38] Family Business Community vs. Family Community
[00:48] Planning for Transitions When There Is No Family Successor
[00:50] Why the Planning Process Matters as Much as the Plan
[00:55] How Practice Runs Can Prepare Heirs Before a Major Liquidity Event
[00:58] Final Advice: Start Early, Be Intentional, and Make Time Your Friend
 

What if your estate plan is technically complete, but still leaves your family confused, frustrated, or fighting after you’re gone?
In this episode of The Wealth Transfer Podcast, Matt Templeton sits down with Aubrey Boswell, estate planning attorney and founder of Boswell PLLC, to talk about wills, trusts, probate, family conflict, legacy planning, and how to create an estate plan that actually works when your family needs it most.
Aubrey explains why estate planning is about more than documents. It is about making clear decisions, protecting your family from unnecessary court involvement, avoiding preventable conflict, and giving the next generation clarity around both your assets and your values.
This conversation also covers revocable trusts, irrevocable trusts, family loans, co-executors, no-contest clauses, professional trustees, transfer-on-death deeds, and why family meetings can be one of the most valuable parts of the planning process.
Whether you are creating your first estate plan, updating an old one, helping aging parents think through their next steps, or trying to prevent future conflict among heirs, this episode offers a practical look at how thoughtful estate planning can protect both wealth and relationships.
 
📅 Book a Free Strategy Session with Real Estate Wealth Advisor, Matt Templeton: https://calendly.com/templeton/strate...
 
Connect with Aubrey Boswell & Boswell PLLC
📞 469.518.9299
📧 aubrey@boswellpllc.com
🌐 www.boswellpllc.com
 
🧭 Episode Highlights & Timestamps
[00:04] What Goes Into a Core Estate Plan Beyond Just a Will
[00:05] Legacy Planning: Passing Down Values, Not Just Assets
[00:08] How Inheritance Can Help or Hurt the Next Generation
[00:13] Why Families Fight After Death and How to Plan Ahead
[00:14] Why Family Loans Should Be Documented Clearly
[00:16] The Problem With Naming All Children as Co-Executors or Co-Trustees
[00:24] Revocable Trusts Explained and Why Probate Takes Longer Than Many People Expect
[00:28] Transfer-on-Death Deeds and When They May or May Not Be Enough
[00:30] Irrevocable Trusts, Asset Protection, and Legacy Gift Trusts
[00:36] Why No-Contest Clauses May Not Prevent Family Fights
[00:42] Family Meetings and the Value of Discussing the Plan Before Death
[00:55] Conservation Easements, Ag Exemptions, and Planning for Large Land Assets
[00:56] When It May Make Sense to Use a Professional Executor or Trustee
[01:00] Why the Right Advisor Matters More Than Just Having Documents

What if retirement is not just about having enough money, but knowing what the money is actually for?
In this episode of The Wealth Transfer Podcast, Matt Templeton sits down with Dan Langworthy, founder of Fortress Financial Group, to talk about retirement planning, tax strategy, wealth transfer, and finding purpose in the next chapter of life.
Dan explains why many retirees struggle to spend after decades of saving, how fear of running out of money can keep people from living fully, and why a strong financial plan should help answer both practical and personal questions: Will I be okay? Can I afford to do the things I’ve dreamed about? What do I want this next chapter to look like?
This conversation also covers Roth conversions, Social Security timing, donor-advised funds, step-up in basis, estate tax planning, and why liquidity can be one of the greatest gifts families leave behind.
Whether you are approaching retirement, helping aging parents plan, or thinking about how to transfer wealth with less stress and more clarity, this episode offers a practical and meaningful look at how to plan for both financial security and a fulfilled life.
*Fortress Financial Group is a registered investment advisor. The opinions expressed are for informational and educational purposes only and should not be considered personalized investment, tax, or legal advice. Investing involves risk, including the possible loss of principal.
 
📅 Book a Free Strategy Session with Real Estate Wealth Advisor, Matt Templeton: https://calendly.com/templeton/strate...
 
Connect with Dan Langworthy & Fortress Financial Group
📞 507-529-1400
📧 info@fortressfg.net
🌐 fortressfg.net
Podcast: https://www.youtube.com/@Fortress-Financial
Facebook: https://www.facebook.com/FortressFinancialGroup
Instagram: https://www.instagram.com/fortress_financial_group/
LinkedIn: https://www.linkedin.com/company/fortressfinancialgroup
 
🧭 Episode Highlights & Timestamps
[00:04] Helping Retirees Think About Purpose, Freedom, and the Next Chapter
[00:07] Why Many People Lose Their Identity After Leaving Work
[00:09] The Fear of Running Out of Money vs. the Risk of Waiting Too Long to Live
[00:10] Tax Planning Strategies for Retirement
[00:12] Why Roth IRAs Can Reduce Future Tax Uncertainty
[00:15] How Roth Conversions Work and When They May Make Sense
[00:19] Social Security Timing: When to Take It and When to Wait
[00:25] Donor-Advised Funds and Tax-Efficient Charitable Giving
[00:28] Mistakes Families Make in The Wealth Transfer Process
[00:31] State Estate Tax Issues and Why Planning Depends on Where You Live
[00:33] Why Everyone Needs an Estate Plan, Not Just High-Net-Worth Families
[00:36] How Liquidity Can Prevent Family Conflict After Death
[00:42] Planning for a Meaningful Retirement Using Goals, Purpose, and the Four C’s

Most people have heard of oil and gas royalties, but very few understand how mineral rights actually work.
In this episode of The Wealth Transfer Podcast, Matt Templeton sits down with Tim Pawul, President of Minerals & Royalties Authority LLC and Partner at Tokenized Energy, to unpack the world of oil and gas minerals, royalties, non-operating interests, and energy investing.
Tim explains why mineral rights are often described as “underground real estate,” how they can produce passive income, and why they have become increasingly institutionalized over the last decade. He also breaks down how investors may be able to use 1031 exchanges, DSTs, royalty trusts, and IDC funds to diversify into oil and gas-related assets.
Whether you inherited mineral rights, are considering selling royalty interests, or are looking for tax-efficient ways to diversify beyond traditional real estate, this conversation offers a practical look inside one of the most specialized asset classes in wealth transfer.
 
📅 Book a Free Strategy Session with Real Estate Wealth Advisor, Matt Templeton: https://calendly.com/templeton/strate...
 
Connect with Tim Pawul & Minerals & Royalties Authority:
📧 tim@mineralsauthority.com📞 (631) 891-8414
https://www.mineralsauthority.com/
Tune in to the Minerals and Royalties Podcast for deeper conversations on mineral rights, royalties, non-op interests, deal trends, and energy investing.
 
🧭 Episode Highlights & Timestamps
[00:04] Mineral Rights Explained as “Underground Real Estate”
[00:07] How 1031 Exchanges Can Move Real Estate Wealth Into Minerals
[00:08] Four Ways to Access Oil & Gas Exposure: DSTs, IDC Funds, Royalty Trusts, and Direct Ownership
[00:17] Why IDC Funds May Appeal to High-Income Earners
[00:23] Publicly Traded Mineral and Royalty Companies
[00:28] Mineral Interests vs. Non-Operated Working Interests
[00:34] Why Mineral Rights Are Harder to Value Than Traditional Real Estate
[00:36] How Experts Evaluate Production, Geology, Infrastructure, and Future Development
[00:42] How Mineral Interests Can Hedge Against Energy Costs
[00:43] Common Mistakes Families Make When Inheriting Mineral Rights
[00:45] Suspense Funds, Lease Negotiations, and Hidden Value
[00:47] When Selling Mineral Rights May Make Sense
 

What happens when a family inherits mineral rights, oil and gas royalties, farmland, or ranch assets, but no one knows how to manage them?
In this episode of The Wealth Transfer Podcast, Matt Templeton sits down with Chace Daley, Director of Energy at Farmers National Company, to talk about the complexity of specialty land assets and how families can steward them well across generations.
Chase explains how mineral interests, oil and gas royalties, working interests, farms, ranches, hunting leases, and forestry assets require a different level of management than traditional financial assets. These assets can create incredible value, but they can also become a burden if families don’t plan ahead.
Whether you already own mineral rights, expect to inherit land, serve as a trustee, or are trying to prevent future family conflict, this conversation offers a practical look at how to organize, manage, and preserve land-based wealth.
 
📅 Book a Free Strategy Session with Real Estate Wealth Advisor, Matt Templeton: https://calendly.com/templeton/strate...
 
Connect with Chace Daley & Farmers National Company
📧 CDaley@farmersnational.com
📞 (918) 895-8026
FarmersNational.com
Explore additional insights and resources on the Energy and Mineral Management page!
Subscribe to the Farm & Ranch Scene for publications, upcoming events, and company news.
 
🧭 Episode Highlights & Timestamps
[00:07] You Need a Plan - For Your Peace, & the Next Generation's Good
[00:15] Why One-Time Consultations Often Fail to Solve Long-Term Mineral and Land Management Problems
[00:23] How Farmers National Works with Banks, Trust Companies, Trustees, and Fiduciaries
[00:27] How Experts Evaluate Mineral Assets 
[00:30] Understanding the Asset Determines Whether You Should Hold, Sell, or Restructure
[00:39] The Oil Market, Geopolitical Risk, and How Physical Supply Constraints Impact Pricing
[00:43] Natural Gas Demand is Growing
 
 

What does it actually look like to give wealth away wisely?
In this episode of The Wealth Transfer Podcast, Matt Templeton sits down with Jeri Chambers, Deputy Director at Communities Foundation of Texas, to talk about charitable giving, donor-advised funds, scholarship funds, family philanthropy, and how families can turn generosity into a lasting legacy.
Jeri explains how Communities Foundation of Texas helps donors think through their values, identify causes they care about, and give in a way that is more intentional, more efficient, and more connected to real community needs.
Whether you are considering a donor-advised fund, trying to involve your children in charitable giving, wanting to support a specific cause, or thinking about how your estate can continue giving after you’re gone, this conversation offers a practical look at how philanthropy can become part of your wealth transfer plan.
 
📅 Book a Free Strategy Session with Real Estate Wealth Advisor, Matt Templeton: https://calendly.com/templeton/strate...
 
Connect with Jeri Chambers & Communities Foundation of Texas!
📧 jchambers@cftexas.org
📞 (214) 750-4117
https://www.cftexas.org/
 
🧭 Episode Highlights & Timestamps
[00:01] How CFT helps donors clarify their charitable goals and support the causes they care about
[00:04] The main charitable vehicles available through a community foundation, including donor-advised funds, scholarship funds, designated funds, and cause-based funds
[00:06] When a donor-advised fund makes sense and how it differs from other giving platforms
[00:07] How the Give Wisely process helps families identify their values, passions, and charitable priorities
[00:10] Why appreciated assets may be a more tax-efficient gift than cash
[00:11] How estate-funded donor-advised funds can continue a family’s charitable legacy after death
[00:15] How scholarship funds can be customized 
[00:19] Moving from reactive giving to strategic grant-making
[00:21] How community foundations connect donors with urgent local needs
[00:24] The role community foundations play in disaster response and long-term recovery
[00:27] How families can involve children and grandchildren in charitable giving decisions
[00:30] Why donor-advised funds can make charitable giving easier, more efficient, and less overwhelming
 
 
 

What do wealthy real estate investors do when they’re tired of managing properties… but don’t want to lose millions to taxes?
In this episode of The Wealth Transfer Podcast, Matt Templeton sits down with Jon Taylor of JRW Investments to explore advanced real estate planning strategies used by high-net-worth investors to preserve wealth, simplify estates, and create passive income.
Jon breaks down how Delaware Statutory Trusts (DSTs), 1031 exchanges, and REIT strategies work—and why more aging investors are using them to transition away from active property management without triggering massive capital gains taxes.
They also discuss:
Why many investors unknowingly become “land rich and cash poor”
How real estate portfolios evolve as investors age
The emotional side of letting go of long-held properties
Estate planning benefits of fractionalized real estate ownership
The biggest mistakes families make with inherited real estate
If you own investment real estate—or expect to inherit it someday—this episode offers a rare look into the sophisticated planning strategies used by wealthy families and advisors behind the scenes.
 
📅 Book a Free Strategy Session with Real Estate Wealth Advisor, Matt Templeton: https://calendly.com/templeton/strate...
 
Connect with Jon Taylor & JRW Investments!
📧 jTaylor@jrw.com
📞 (440) 463-0128 https://www.jrw.com
 
🧭 Episode Highlights & Timestamps
[00:02:00]
How wealthy investors begin rethinking real estate ownership later in life
[00:05:00]
What Delaware Statutory Trusts (DSTs) actually are—and why they’ve become so popular
[00:08:00]
The difference between active real estate ownership and passive institutional ownership
[00:12:00]
How 1031 exchanges can help investors avoid large capital gains taxes
[00:16:00]
The emotional challenge of selling long-held family properties
[00:20:00]
What sophisticated investors look for when repositioning real estate portfolios
[00:24:00]
Why some investors are transitioning from landlord headaches into passive income streams
The role DSTs can play in estate planning and simplifying inheritance
[00:34:00]
How real estate concentration risk affects aging investors
[00:38:00]
The “real estate planner” mindset: viewing assets through tax, family, and legacy lenses
[00:43:00]
How family communication affects successful wealth transfer
[00:47:00]
Common mistakes investors make when trying to “hold forever”
[00:52:00]
How advisors collaborate across legal, tax, and financial planning disciplines
 
 

In this episode, Matt Templeton is joined by Bob Bridges, Principal at VALUE Incorporated, for a deep dive into how business valuations actually work—and why they are foundational to estate planning, wealth transfer, charitable giving, and exit strategy decisions.
Bob brings more than 20 years of experience valuing closely held businesses, partnerships, and complex assets for estate planning, mergers and acquisitions, litigation, and tax court matters. He explains why a business does not have just one value, how different valuation standards apply depending on the goal, and how discounts for lack of control and marketability are used—sometimes saving families millions when done correctly.
The conversation also explores real IRS and tax court cases, common mistakes business owners make when transferring or gifting business interests, and why early coordination between valuation experts, estate planning attorneys, CPAs, and financial advisors is critical.
This episode is particularly relevant for business owners whose net worth is tied up in a closely held company, families planning generational wealth transfer, and advisors working with high-net-worth clients.
Show Notes & Timestamps
Guest: Bob Bridges, CFA, CVAPrincipal, VALUE Incorporated
00:00 – IntroductionWhy business valuation matters in estate and wealth transfer planning.
01:00 – What Business Valuation Really InvolvesThe real work behind valuing closely held businesses.
02:30 – Why Business Owners Need ValuationsSelling, gifting, estate planning, litigation, and proactive planning.
04:00 – The Different Levels of Business ValueFinancial control value, marketable minority interest, non-marketable minority interest, and synergistic value.
06:30 – How Valuation Discounts WorkDiscounts for lack of control and lack of marketability explained.
08:30 – Valuation for Planning vs. Valuation for SaleWhy the purpose of the valuation changes the approach.
10:30 – Conflicting Goals: High vs. Low ValuationsCharitable gifting, estate planning, and sale considerations.
12:00 – Attorney-Client Privilege and Valuation StrategyWhy estate planning attorneys often engage valuation experts directly.
14:30 – Common Estate Planning MistakesFamily Limited Partnerships that aren’t treated like real businesses.
16:30 – Preparing a Business for SaleWhy management depth and employee value matter.
18:30 – Employee Value as a Hidden AssetHow workforce stability contributes to enterprise value.
20:30 – Deals That Fall ApartLessons from failed mergers, earn-outs, and poor due diligence.
22:30 – IRS Case: Donor-Advised Fund MistakesHow poor coordination led to lost charitable deductions.
25:00 – IRS Case: Power of Attorney and Control IssuesWhy control matters more than paperwork.
27:30 – How Legitimate Valuation Discounts Are EarnedOwnership structure and control considerations.
30:00 – Family Limited Partnership Best PracticesWhat strong FLPs do right—and where many fail.
33:00 – When Valuation Discounts Should Not Be UsedStep-up basis considerations below the estate tax threshold.
35:00 – Growth, Inflation, and Estate StrategyWhy growing assets are often moved outside the estate early.
37:00 – Spousal Lifetime Access Trusts (SLATs)How SLATs work in modern wealth transfer planning.
40:00 – Trust & IRS LitigationInsights from recent tax court cases.
42:30 – Building the Right Advisory TeamWhy valuation experts are tools—not quarterbacks.
45:00 – Final Advice for Business OwnersPlan early, trust your advisors, and avoid emotional decisions.
About the Guest
Bob Bridges is a Principal with VALUE Incorporated and has more than 20 years of experience providing business valuation, economic analysis, and litigation support. His work spans estate and gift planning, mergers and acquisitions, charitable giving, and tax court disputes. Bob holds the Chartered Financial Analyst (CFA) and Certified Valuation Analyst (CVA) designations and currently serves as President of the Estate Planning Council of North Texas.
Connect with Bob
📧 bbridges@valueinc.com📞 972.831.7923🌐 https://www.valueinc.com
About the Host
Matt Templeton is a Real Estate Planner and founder of Templeton Real Estate Group. He helps families and business owners navigate complex real estate and planning decisions with clarity and confidence. Through The Wealth Transfer Podcast, Matt interviews professionals who help protect, grow, and transition wealth across generations.
Reach Out to Matt & the Team
📧 matt@templeton.realestate📞 972-677-3991
If you have questions about real estate, planning, or need introductions to trusted professionals who assist with wealth preservation, growth, and transfer, Matt and his team are always happy to help.