familywealthandlegacy

Ep 52. How To Develop a Family Council with
Lisa & Jay Daniel of Lodge Cast Iron

Join us for one of our biggest episodes yet as Lisa & Jay Daniel* of Lodge Cast Iron (Lodge Manufacturing) talk with us about how to create a family council, catch some truly precious stories of how the Lodge family stays close and how their brand evolved from it’s humble beginnings.

You may also catch how excited Michael is, now that he learned how to season his cast iron pans. 

Share this episode with others! 

Our Guests 

Lisa Daniel*

President & COO, Intechgrate Systems 

Family Council Volunteer & 5th Generation Spouse, Lodge Cast Iron  

Lisa and her husband Jay live in Sarasota, Florida where they own and operate Intechgrate Systems, an IT services company that they founded together 21 years ago.   Their 3 children have been raised surrounded by both family & business values.  Their youngest daughter is now a college freshman, so Lisa uses her newfound “empty nest time” working on Family Council projects for Lodge Cast Iron.   

Lisa joined the Lodge family in 1994 when she married 5th generation family member Jay Daniel. She is very active with the Joseph Lodge Family Council.  The Family Council has spearheaded projects that include a secure family web portal, a digital interactive family tree, family archive videos, quarterly newsletters, online family happy hours and annual family gatherings. The group is currently working on an education plan that will include topics about both the family and the business.    

Lisa was born and raised in a small town in Pennsylvania as part of a very large family. She and her 8 siblings are very close and have found ways to stay connected even though they are now very geographically dispersed.  Family values have always been important to Lisa, and she is lucky enough to share those values with Jay’s family.  

Lisa is very passionate about open communication between family, celebrating the accomplishments of individual family members, bringing all generations of the family together and capturing family history.

Jay Daniel* 

Jay Daniel is the CEO of Intechgrate Systems, an IT services company that he and his wife Lisa founded together 21 years ago. In 2007 he was elected to the board of another family business, Lodge Manufacturing. The cast iron cookware company was founded in 1896 by Jay’s great, great grandfather, Joseph Lodge.  

During his time on the board, Jay has served or chaired each of its committees. He has helped guide the successful completion of several objectives in recent years, including the adoption of an updated Stock Restriction Agreement, introduction of an annual share valuation report, and the establishment of the Joseph Lodge Family Council. Perhaps most importantly, Jay co-chaired the ad-hoc committee which navigated the leadership succession between 4th generation family members and the company’s first non-family CEO and executive team.  

Throughout its 125-year history, Lodge has remained committed to its employees and the South Pittsburg, TN community where its foundries are located. The same is true of much younger Intechgrate Systems and its support of the Bradenton & Sarasota, FL community. Jay is proud of what his family and these businesses have accomplished and is enthusiastic about his family’s future. 

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*not affiliated with Lincoln Financial Group 

Michael Palumbos is a registered representative of Lincoln Financial Advisors Corp. Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Family Wealth & Legacy, LLC is not an affiliate of Lincoln Financial Advisors Corp. Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances. 

CRN-4385939-022622 

Ep 52. How To Develop a Family Council with
Lisa & Jay Daniel of Lodge Cast Iron

Join us for one of our biggest episodes yet as Lisa & Jay Daniel* of Lodge Cast Iron (Lodge Manufacturing) talk with us about how to create a family council, catch some truly precious stories of how the Lodge family stays close and how their brand evolved from it’s humble beginnings.

You may also catch how excited Michael is, now that he learned how to season his cast iron pans. 

Share this episode with others! 

Our Guests 

Lisa Daniel*

President & COO, Intechgrate Systems 

Family Council Volunteer & 5th Generation Spouse, Lodge Cast Iron  

Lisa and her husband Jay live in Sarasota, Florida where they own and operate Intechgrate Systems, an IT services company that they founded together 21 years ago.   Their 3 children have been raised surrounded by both family & business values.  Their youngest daughter is now a college freshman, so Lisa uses her newfound “empty nest time” working on Family Council projects for Lodge Cast Iron.   

Lisa joined the Lodge family in 1994 when she married 5th generation family member Jay Daniel. She is very active with the Joseph Lodge Family Council.  The Family Council has spearheaded projects that include a secure family web portal, a digital interactive family tree, family archive videos, quarterly newsletters, online family happy hours and annual family gatherings. The group is currently working on an education plan that will include topics about both the family and the business.    

Lisa was born and raised in a small town in Pennsylvania as part of a very large family. She and her 8 siblings are very close and have found ways to stay connected even though they are now very geographically dispersed.  Family values have always been important to Lisa, and she is lucky enough to share those values with Jay’s family.  

Lisa is very passionate about open communication between family, celebrating the accomplishments of individual family members, bringing all generations of the family together and capturing family history.

Jay Daniel* 

Jay Daniel is the CEO of Intechgrate Systems, an IT services company that he and his wife Lisa founded together 21 years ago. In 2007 he was elected to the board of another family business, Lodge Manufacturing. The cast iron cookware company was founded in 1896 by Jay’s great, great grandfather, Joseph Lodge.  

During his time on the board, Jay has served or chaired each of its committees. He has helped guide the successful completion of several objectives in recent years, including the adoption of an updated Stock Restriction Agreement, introduction of an annual share valuation report, and the establishment of the Joseph Lodge Family Council. Perhaps most importantly, Jay co-chaired the ad-hoc committee which navigated the leadership succession between 4th generation family members and the company’s first non-family CEO and executive team.  

Throughout its 125-year history, Lodge has remained committed to its employees and the South Pittsburg, TN community where its foundries are located. The same is true of much younger Intechgrate Systems and its support of the Bradenton & Sarasota, FL community. Jay is proud of what his family and these businesses have accomplished and is enthusiastic about his family’s future. 

--- 

*not affiliated with Lincoln Financial Group 

Michael Palumbos is a registered representative of Lincoln Financial Advisors Corp. Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Family Wealth & Legacy, LLC is not an affiliate of Lincoln Financial Advisors Corp. Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances. 

CRN-4385939-022622 

Jack Doyle serves as President of Integrated Systems and Support Services at Doyle Security Systems.  In his six years with Doyle Security, Jack has been responsible for developing marketing strategies, promoting operational efficiencies, tracking business analytics and managing strategic corporate initiatives. During this time, Doyle Security saw a 40% increase in sales opportunities and more than 16% growth in recurring monthly revenue.  Prior to his full time role, Jack worked for Doyle in various capacities including alarm monitoring, system installation and sales.  Jack represents the 5th generation of family involvement in the company. Jack holds a B.S. Degree from the School of Management at St. Bonaventure University.  He has enjoyed a successful sales career at several organizations and has shown vision and leadership as an entrepreneur.  He previously lived in Washington, DC for eight years and founded DC Corporate Housing Inc., a corporate lodging company that serves businesses and government agencies in the Washington, DC Metro Area.  Jack sold the company in 2017 but remains an advisor.  Jack is certified in the design of advanced intrusion systems and fire alarm installation methods by the NYS Electronic Security Association.  He’s also a licensed alarm contractor in the State of Florida. Jack lives in Webster, NY with his wife Jill, his sons Eli and Owen and daughter Juliette. 

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Michael Palumbos is a registered representative of Lincoln Financial Advisors Corp.   Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies.  

Family Wealth and Legacy LLC is not an affiliate of Lincoln Financial Advisors Corp. 

*Not affiliated with Lincoln Financial Advisors Corp.   

CRN-3620491-060421

Jack Doyle serves as President of Integrated Systems and Support Services at Doyle Security Systems.  In his six years with Doyle Security, Jack has been responsible for developing marketing strategies, promoting operational efficiencies, tracking business analytics and managing strategic corporate initiatives. During this time, Doyle Security saw a 40% increase in sales opportunities and more than 16% growth in recurring monthly revenue.  Prior to his full time role, Jack worked for Doyle in various capacities including alarm monitoring, system installation and sales.  Jack represents the 5th generation of family involvement in the company. Jack holds a B.S. Degree from the School of Management at St. Bonaventure University.  He has enjoyed a successful sales career at several organizations and has shown vision and leadership as an entrepreneur.  He previously lived in Washington, DC for eight years and founded DC Corporate Housing Inc., a corporate lodging company that serves businesses and government agencies in the Washington, DC Metro Area.  Jack sold the company in 2017 but remains an advisor.  Jack is certified in the design of advanced intrusion systems and fire alarm installation methods by the NYS Electronic Security Association.  He’s also a licensed alarm contractor in the State of Florida. Jack lives in Webster, NY with his wife Jill, his sons Eli and Owen and daughter Juliette. 

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Michael Palumbos is a registered representative of Lincoln Financial Advisors Corp.   Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies.  

Family Wealth and Legacy LLC is not an affiliate of Lincoln Financial Advisors Corp. 

*Not affiliated with Lincoln Financial Advisors Corp.   

CRN-3620491-060421

This week’s guests: 

Justin White* 

CEO K&D Landscaping 

Justin White is the CEO of K&D Landscaping, a full-service construction and maintenance landscape company located in Santa Cruz, California. Taking over the family company in 2015, Justin has focused on sustainable growth with increased profitability. Expanding upon a solid foundation his parents built over 30 years ago, Justin took K&D from a small, mom-and-pop operation to a humming $10MM, culture-driven company just four years later. 

Justin and K&D are highly involved with their community. Justin sits on multiple non-profit boards and is the chapter president of the local California Landscape Contractors Association. In 2019 he debuted on the cover of Lawn & Landscape magazine where they showcased the rapid growth of K&D’s residential design build department. K&D won the “Be the Difference Award” in Santa Cruz county for their volunteer efforts and in January was awarded 2020 “Business of the year” by his local chamber. His most recent accomplishment is being awarded the San Francisco Bay Area Vistage Impact Award in September for his involvement and growth within the Vistage family. With momentum on their side, K&D and Justin are poised to continue their aggressive growth trajectory. 

As with any growing company, there have been many obstacles and challenges along the way. Leveraging his 12+ years in the industry, (from laborer to now CEO,) Justin has an expansive perspective and his presentations are exciting and engaging - you won’t want to miss this one! 

Jonathan Goldhill* 

Business Coach 

Jonathan Goldhill is a masterful business coach and business strategist specializing in guiding next-generation leaders of family businesses to scale up their business as they take control over the leadership and ownership of the family business. Jonathan left New York for California at age 20 after his family’s large, privately-held men’s apparel manufacturing company—started by his great-grandfather—sold to a conglomerate in its third generation of family ownership. Within ten years, Jonathan had established himself as the go-to expert for entrepreneurs looking to find their version of freedom. Today, Jonathan brings thirty years of experience to his work coaching, consulting, training, financing, and guiding entrepreneurial and family businesses. 

Disclosure:

CRN-3452400-021521 

Registered associates of Family Wealth and Legacy are registered representatives of Lincoln Financial Advisors Corp. Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Family Wealth and Legacy is a marketing name for registered representatives of Lincoln Financial Advisors Corp.*Not affiliated with Lincoln Financial Advisors Corp. 

This week’s guests: 

Justin White* 

CEO K&D Landscaping 

Justin White is the CEO of K&D Landscaping, a full-service construction and maintenance landscape company located in Santa Cruz, California. Taking over the family company in 2015, Justin has focused on sustainable growth with increased profitability. Expanding upon a solid foundation his parents built over 30 years ago, Justin took K&D from a small, mom-and-pop operation to a humming $10MM, culture-driven company just four years later. 

Justin and K&D are highly involved with their community. Justin sits on multiple non-profit boards and is the chapter president of the local California Landscape Contractors Association. In 2019 he debuted on the cover of Lawn & Landscape magazine where they showcased the rapid growth of K&D’s residential design build department. K&D won the “Be the Difference Award” in Santa Cruz county for their volunteer efforts and in January was awarded 2020 “Business of the year” by his local chamber. His most recent accomplishment is being awarded the San Francisco Bay Area Vistage Impact Award in September for his involvement and growth within the Vistage family. With momentum on their side, K&D and Justin are poised to continue their aggressive growth trajectory. 

As with any growing company, there have been many obstacles and challenges along the way. Leveraging his 12+ years in the industry, (from laborer to now CEO,) Justin has an expansive perspective and his presentations are exciting and engaging - you won’t want to miss this one! 

Jonathan Goldhill* 

Business Coach 

Jonathan Goldhill is a masterful business coach and business strategist specializing in guiding next-generation leaders of family businesses to scale up their business as they take control over the leadership and ownership of the family business. Jonathan left New York for California at age 20 after his family’s large, privately-held men’s apparel manufacturing company—started by his great-grandfather—sold to a conglomerate in its third generation of family ownership. Within ten years, Jonathan had established himself as the go-to expert for entrepreneurs looking to find their version of freedom. Today, Jonathan brings thirty years of experience to his work coaching, consulting, training, financing, and guiding entrepreneurial and family businesses. 

Disclosure:

CRN-3452400-021521 

Registered associates of Family Wealth and Legacy are registered representatives of Lincoln Financial Advisors Corp. Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Family Wealth and Legacy is a marketing name for registered representatives of Lincoln Financial Advisors Corp.*Not affiliated with Lincoln Financial Advisors Corp. 

KATHLEEN (KATHY) K. WISEMAN

Founder & Principal, Working Systems, Inc.* 

Co-Founder & Principal, Navigating Systems* 

Kathy’s interest and expertise are in assisting family members, family executives, and legal and financial professionals in applying family systems theory to the challenges in their professional and personal lives. Her focus is on making available the groundbreaking research of Dr. Murray Bowen to the professionals who serve business families and organizations. She works with motivated leaders to think systems and increase their capacity to manage themselves in times of change. 

Kathy holds a B.A. from the University of Pennsylvania and an MBA from George Washington University. She is a board member of the Woman’s Growth Capital Fund, Canada Alamosa Institute, and the Jewish Council for the Aging. She speaks and writes for a national audience. Kathy has also co-authored three books, Understanding Organizations,  The Emotional Side of Organizations, and Trustworthy:  New Angles on Trusts from Beneficiaries and Trustees. 

Kathy is a faculty member at The Bowen Center for the Study of the Family. She is a Co-Founder of Navigating Systems, a learning forum dedicated to improving one’s functioning through application of the principles that define Bowen Family Systems Theory. 

Kathy is also an adjunct faculty at the George Washington University School of Business, where she heads the Institute for Succession. She has served as a Dean of the Family Office Exchange Learning Academy, and as the President of the Family Firm Institute Education and Research Foundation.  

Kathy can be reached at:  202.812.1449; Kathy@WorkingSystemsInc.net.  

THOMASINA H. WILLIAMS 

Founder & Principal, Sankofa Legacy Advisors, Inc.* 

Thomasina serves as a Strategic Thought Partner, Consultant and Executive Coach to enterprising families throughout the nation, helping them have conversations about sensitive subjects, resolve challenging conflicts and make difficult decisions, so that family members blossom, families flourish, and their businesses thrive. 

Thomasina was the first in-house consultant hired by Wells Fargo Private Bank to play a leadership role in developing its offering to help ultra-high net worth families navigate generational wealth transitions. She also has served as a consultant with a leading family enterprise consulting firm, published articles, presented to international audiences, and conducted trainings for professional advisors to families.  

Prior to her work with business-owning families, Thomasina practiced law for more than 20 years, rising in three years to become a partner in a major full-service law firm headquartered in Miami, FL. She went on to co-found the first Black-owned law firm in Miami with a primarily corporate clientele. The South Florida Legal Guide recognized Thomasina as one of the “Top 250 Lawyers in South Florida,” and the Miami-Dade County Commission acknowledged her extensive pro bono legal work on high-profile public interest cases by naming a day in her honor.   

She also worked in institutional philanthropy in New York City where she was a program officer with the second largest private foundation in the country and invested more than $42 million strengthening non-profit organizations.  

Thomasina earned a BA from Mount Holyoke College, and a JD from the University of Michigan Law School.  She holds certificates in Advanced Family Business Advising and Family Wealth Advising from the Family Firm Institute.  She is also a member of the Purposeful Planning Institute, where she serves on its Advisory Board; the Galliard Family Business Advisor Institute, a non-profit on whose Board she also serves; the Independent Trustee Alliance; and The Florida Bar.  Additionally, Thomasina serves on the Advisory Board of Enterprising Women magazine.   

Thomasina can be reached at:  786.473.6145; THWilliams@SankofaLegacyAdvisors.com. 

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Family Wealth and Legacy is a marketing name for registered representative of Lincoln Financial Advisors Corp. Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. 

CRN- 3436846-020321

 *Not affiliated with Lincoln Financial Advisors Corp.  

KATHLEEN (KATHY) K. WISEMAN

Founder & Principal, Working Systems, Inc.* 

Co-Founder & Principal, Navigating Systems* 

Kathy’s interest and expertise are in assisting family members, family executives, and legal and financial professionals in applying family systems theory to the challenges in their professional and personal lives. Her focus is on making available the groundbreaking research of Dr. Murray Bowen to the professionals who serve business families and organizations. She works with motivated leaders to think systems and increase their capacity to manage themselves in times of change. 

Kathy holds a B.A. from the University of Pennsylvania and an MBA from George Washington University. She is a board member of the Woman’s Growth Capital Fund, Canada Alamosa Institute, and the Jewish Council for the Aging. She speaks and writes for a national audience. Kathy has also co-authored three books, Understanding Organizations,  The Emotional Side of Organizations, and Trustworthy:  New Angles on Trusts from Beneficiaries and Trustees. 

Kathy is a faculty member at The Bowen Center for the Study of the Family. She is a Co-Founder of Navigating Systems, a learning forum dedicated to improving one’s functioning through application of the principles that define Bowen Family Systems Theory. 

Kathy is also an adjunct faculty at the George Washington University School of Business, where she heads the Institute for Succession. She has served as a Dean of the Family Office Exchange Learning Academy, and as the President of the Family Firm Institute Education and Research Foundation.  

Kathy can be reached at:  202.812.1449; Kathy@WorkingSystemsInc.net.  

THOMASINA H. WILLIAMS 

Founder & Principal, Sankofa Legacy Advisors, Inc.* 

Thomasina serves as a Strategic Thought Partner, Consultant and Executive Coach to enterprising families throughout the nation, helping them have conversations about sensitive subjects, resolve challenging conflicts and make difficult decisions, so that family members blossom, families flourish, and their businesses thrive. 

Thomasina was the first in-house consultant hired by Wells Fargo Private Bank to play a leadership role in developing its offering to help ultra-high net worth families navigate generational wealth transitions. She also has served as a consultant with a leading family enterprise consulting firm, published articles, presented to international audiences, and conducted trainings for professional advisors to families.  

Prior to her work with business-owning families, Thomasina practiced law for more than 20 years, rising in three years to become a partner in a major full-service law firm headquartered in Miami, FL. She went on to co-found the first Black-owned law firm in Miami with a primarily corporate clientele. The South Florida Legal Guide recognized Thomasina as one of the “Top 250 Lawyers in South Florida,” and the Miami-Dade County Commission acknowledged her extensive pro bono legal work on high-profile public interest cases by naming a day in her honor.   

She also worked in institutional philanthropy in New York City where she was a program officer with the second largest private foundation in the country and invested more than $42 million strengthening non-profit organizations.  

Thomasina earned a BA from Mount Holyoke College, and a JD from the University of Michigan Law School.  She holds certificates in Advanced Family Business Advising and Family Wealth Advising from the Family Firm Institute.  She is also a member of the Purposeful Planning Institute, where she serves on its Advisory Board; the Galliard Family Business Advisor Institute, a non-profit on whose Board she also serves; the Independent Trustee Alliance; and The Florida Bar.  Additionally, Thomasina serves on the Advisory Board of Enterprising Women magazine.   

Thomasina can be reached at:  786.473.6145; THWilliams@SankofaLegacyAdvisors.com. 

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Family Wealth and Legacy is a marketing name for registered representative of Lincoln Financial Advisors Corp. Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. 

CRN- 3436846-020321

 *Not affiliated with Lincoln Financial Advisors Corp.  

Is Your Buy Sell Agreement Any Good?

During this episode we will be focused on the following topics: 

Bluestone Wealth Partners 

After graduating from law school in 1983, Don started working and advising business owners when he worked for the “Big Eight” accounting firm, Price Waterhouse. He later joined a law firm in Columbus, Ohio that specialized in working with closely held business owners. 

Don was instrumental in helping clients protect and plan for their families, the future of their business interests and the transition of the business and the family wealth. Much of the success of the planning was a result of collaborating with clients’ other advisors, often the financial planner and CPA. This included developing and implementing transition strategies and working with the IRS to obtain private letter rulings. 

Don inherited his father’s entrepreneurial spirit and left the practice of law to acquire his own business. He purchased several insurance agencies and later merged those with a larger firm, while continuing to do comprehensive financial planning for business owners. 

He joined Lincoln Financial Advisors in 2000 and continues to help successful business owners plan for their future, their family and their legacy. With 35 years of experience and an excellent team, he helps his clients create a financial roadmap distinctive to their vision, by listening and learning what is important to them and who they care about. 

Don has been active in numerous civic, philanthropic and professional organizations over his professional career. He has attended many national conferences, including The Institute for Preparing Heirs and the Notre Dame Tax and Estate Planning Institute, all of which discuss ideas to help the successful business owner protect, grow and transition family wealth. 

Don and his wife, Sheila, live in Westerville. They have a daughter, Annie, and a son, David. When not working, you may find Don traveling with his family or driving the back roads of Ohio with Sheila. 

A 1980 graduate of The Ohio State University, Don received his Bachelor of Science degree in Business Administration. 

Don Parkhill is a registered representative of Lincoln Financial Advisors.  Bluestone Wealth Partners is not an affiliate of Lincoln Financial Advisors Corp.   

*Licensed, not practicing. 

Paul Hood, Jr., JD, LL.M, CFRE, FCEP 

Paul Hood Services* 

A native of Louisiana (and a double LSU Tiger), Paul Hood obtained his undergraduate and law degrees from Louisiana State University and an LL.M. in taxation from Georgetown University Law Center before settling down to practice tax and estate planning law in the New Orleans area. Paul has taught at the University of New Orleans, Northeastern University, The University of Toledo College of Law and Ohio Northern University Pettit College of Law. Paul has authored or co-authored seven books and over 500 professional articles on estate, charitable and tax planning and business valuation. A frequent contributor to Leimberg Information Services since its inception, Paul is a highly sought after speaker and consultant because of his innate ability to see through the complexity and explain difficult and even boring subjects in understandable and entertaining language and mince no words in doing so. Along the way, Paul’s been a father, husband, lawyer, trustee, director, president, partner, trust protector, director of planned giving, expert witness, agent, professor, judge, juror and a defendant, and he uses his experience in these myriad roles to guide others.

Paul is an author, speaker and consultant on tax, estate and charitable planning. He also is a Vice-President with Thompson & Associates, a charitable estate planning firm. paul@paulhoodservices.com.  

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*Not affiliated with Lincoln Financial Advisors Corp. 

CRN-3346662-112520

The content presented is for informational and educational purposes.  The information covered and posted are views and opinions of the guests and not necessarily those of Lincoln Financial Advisors Corp.   

Michael Palumbos is a registered representative of Lincoln Financial Advisors Corp. Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Family Wealth & Legacy, LLC is not an affiliate of Lincoln Financial Advisors Corp. Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances. 

Is Your Buy Sell Agreement Any Good?

During this episode we will be focused on the following topics: 

Bluestone Wealth Partners 

After graduating from law school in 1983, Don started working and advising business owners when he worked for the “Big Eight” accounting firm, Price Waterhouse. He later joined a law firm in Columbus, Ohio that specialized in working with closely held business owners. 

Don was instrumental in helping clients protect and plan for their families, the future of their business interests and the transition of the business and the family wealth. Much of the success of the planning was a result of collaborating with clients’ other advisors, often the financial planner and CPA. This included developing and implementing transition strategies and working with the IRS to obtain private letter rulings. 

Don inherited his father’s entrepreneurial spirit and left the practice of law to acquire his own business. He purchased several insurance agencies and later merged those with a larger firm, while continuing to do comprehensive financial planning for business owners. 

He joined Lincoln Financial Advisors in 2000 and continues to help successful business owners plan for their future, their family and their legacy. With 35 years of experience and an excellent team, he helps his clients create a financial roadmap distinctive to their vision, by listening and learning what is important to them and who they care about. 

Don has been active in numerous civic, philanthropic and professional organizations over his professional career. He has attended many national conferences, including The Institute for Preparing Heirs and the Notre Dame Tax and Estate Planning Institute, all of which discuss ideas to help the successful business owner protect, grow and transition family wealth. 

Don and his wife, Sheila, live in Westerville. They have a daughter, Annie, and a son, David. When not working, you may find Don traveling with his family or driving the back roads of Ohio with Sheila. 

A 1980 graduate of The Ohio State University, Don received his Bachelor of Science degree in Business Administration. 

Don Parkhill is a registered representative of Lincoln Financial Advisors.  Bluestone Wealth Partners is not an affiliate of Lincoln Financial Advisors Corp.   

*Licensed, not practicing. 

Paul Hood, Jr., JD, LL.M, CFRE, FCEP 

Paul Hood Services* 

A native of Louisiana (and a double LSU Tiger), Paul Hood obtained his undergraduate and law degrees from Louisiana State University and an LL.M. in taxation from Georgetown University Law Center before settling down to practice tax and estate planning law in the New Orleans area. Paul has taught at the University of New Orleans, Northeastern University, The University of Toledo College of Law and Ohio Northern University Pettit College of Law. Paul has authored or co-authored seven books and over 500 professional articles on estate, charitable and tax planning and business valuation. A frequent contributor to Leimberg Information Services since its inception, Paul is a highly sought after speaker and consultant because of his innate ability to see through the complexity and explain difficult and even boring subjects in understandable and entertaining language and mince no words in doing so. Along the way, Paul’s been a father, husband, lawyer, trustee, director, president, partner, trust protector, director of planned giving, expert witness, agent, professor, judge, juror and a defendant, and he uses his experience in these myriad roles to guide others.

Paul is an author, speaker and consultant on tax, estate and charitable planning. He also is a Vice-President with Thompson & Associates, a charitable estate planning firm. paul@paulhoodservices.com.  

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*Not affiliated with Lincoln Financial Advisors Corp. 

CRN-3346662-112520

The content presented is for informational and educational purposes.  The information covered and posted are views and opinions of the guests and not necessarily those of Lincoln Financial Advisors Corp.   

Michael Palumbos is a registered representative of Lincoln Financial Advisors Corp. Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Family Wealth & Legacy, LLC is not an affiliate of Lincoln Financial Advisors Corp. Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances. 

Michael Palumbos is a second generation family wealth advisor.  He specializes in family business growth strategy, private wealth and estate planning, and business succession and exit planning for families serious about the long-term success of their business.  He is also an author and the host of the podcast, The Family Biz Show.  

Michael believes that business is better when it’s family run.  He also knows that many family businesses are not living up to their potential.  They are surviving, rather than thriving because of unhealthy family dynamics or the lack of proper business management practices.  Typically, there is confusion and a lack of a shared vision between the generations and it doesn’t have to be that way.   

His vision is to give these family businesses a chance to succeed at a higher level.  The way he and his team accomplish this is by guiding families through a series of healthy, outside-the-box discussions which work to help the family get in alignment.  Once the family is focused and aligned about how they make decisions together, business strategy and plans for business transition…it helps to reduce stress, friction and clears the way for opportunity and growth.  At the end of the day, it’s all about helping families avoid the shirt-sleeves to shirt-sleeves in three generations syndrome that befalls more than 70% of families.   

Michael learned long ago that he couldn’t work for a boss and that he needed to be in control of his own company. It gave him the freedom to do things his own way; and to build a team around him that shared his vision.  Today he challenges the families he serves with innovative and novel ways of looking at their situation.  He pushes people to be their best, innovate and to think differently and dream big.  He isn’t a fit for everyone but if this sounds appealing to you, you’ll love working with his firm, Family Wealth and Legacy. 

A graduate of The University of Rochester with a degree in economics, Michael and his wife, Victoria, live in Pittsford and have seven incredible children and one adorable grandson.

You don’t want to miss it!

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CRN-3281385-101320

The content presented is for informational and educational purposes.  The information covered and posted are views and opinions of the guests and not necessarily those of Lincoln Financial Advisors Corp.   

Michael Palumbos is a registered representative of Lincoln Financial Advisors Corp. Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Family Wealth & Legacy, LLC is not an affiliate of Lincoln Financial Advisors Corp. Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances. 

Michael Palumbos is a second generation family wealth advisor.  He specializes in family business growth strategy, private wealth and estate planning, and business succession and exit planning for families serious about the long-term success of their business.  He is also an author and the host of the podcast, The Family Biz Show.  

Michael believes that business is better when it’s family run.  He also knows that many family businesses are not living up to their potential.  They are surviving, rather than thriving because of unhealthy family dynamics or the lack of proper business management practices.  Typically, there is confusion and a lack of a shared vision between the generations and it doesn’t have to be that way.   

His vision is to give these family businesses a chance to succeed at a higher level.  The way he and his team accomplish this is by guiding families through a series of healthy, outside-the-box discussions which work to help the family get in alignment.  Once the family is focused and aligned about how they make decisions together, business strategy and plans for business transition…it helps to reduce stress, friction and clears the way for opportunity and growth.  At the end of the day, it’s all about helping families avoid the shirt-sleeves to shirt-sleeves in three generations syndrome that befalls more than 70% of families.   

Michael learned long ago that he couldn’t work for a boss and that he needed to be in control of his own company. It gave him the freedom to do things his own way; and to build a team around him that shared his vision.  Today he challenges the families he serves with innovative and novel ways of looking at their situation.  He pushes people to be their best, innovate and to think differently and dream big.  He isn’t a fit for everyone but if this sounds appealing to you, you’ll love working with his firm, Family Wealth and Legacy. 

A graduate of The University of Rochester with a degree in economics, Michael and his wife, Victoria, live in Pittsford and have seven incredible children and one adorable grandson.

You don’t want to miss it!

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CRN-3281385-101320

The content presented is for informational and educational purposes.  The information covered and posted are views and opinions of the guests and not necessarily those of Lincoln Financial Advisors Corp.   

Michael Palumbos is a registered representative of Lincoln Financial Advisors Corp. Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Family Wealth & Legacy, LLC is not an affiliate of Lincoln Financial Advisors Corp. Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances. 

The content presented is for informational and educational purposes.  The information covered and posted are views and opinions of the guests and not necessarily those of Lincoln Financial Advisors Corp.   

Michael Palumbos is a registered representative of Lincoln Financial Advisors Corp. Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Family Wealth & Legacy, LLC is not an affiliate of Lincoln Financial Advisors Corp. Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances. 

The content presented is for informational and educational purposes.  The information covered and posted are views and opinions of the guests and not necessarily those of Lincoln Financial Advisors Corp.   

Michael Palumbos is a registered representative of Lincoln Financial Advisors Corp. Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Family Wealth & Legacy, LLC is not an affiliate of Lincoln Financial Advisors Corp. Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances.