Author: Sandeep N Setty

The seven aspects of estate planning, as I teach them, form the foundation of a comprehensive and effective plan to protect, grow, and transfer wealth across generations. These aspects are structured in a pyramid, each layer building on the previous one to create a holistic approach. Let’s break them down: 1. Legal This is the foundation of estate planning. It involves creating the necessary legal documents to ensure your wishes are carried out. This includes: Without a solid legal structure, your estate could face disputes, delays, or even unintended distributions. 2. Tax Tax efficiency is critical in estate planning. The…

Imagine a world where you don’t rely on traditional banks for loans. Instead, you borrow from yourself, while your wealth continues to grow uninterrupted. This is the essence of the Infinite Banking Concept—a strategy that allows you to become your own bank. What is Infinite Banking? Infinite banking is a financial strategy that uses a specially designed whole life insurance policy to create a personal banking system. Here’s how it works: Why Infinite Banking Works The Flowing River Metaphor Think of your wealth as a flowing river. Traditional banking is like building a dam—you stop the flow to access the…

Executive Summary In today’s increasingly complex global financial landscape, high-net-worth families require sophisticated tools that ensure confidentiality, robust control, tax efficiency, and seamless wealth transfer. Dynamic Trust™ offers a revolutionary trust structure that meets these needs. By integrating advanced legal structures with adaptive financial planning, Dynamic Trust™ empowers families to manage their diverse global assets securely and efficiently. This white paper explores the architecture of Dynamic Trust™, its key features, practical implementation strategies, and the significant benefits it has delivered in our clients’ portfolios. Introduction High-net-worth families managing global assets face unique challenges: assets span multiple jurisdictions, tax regimes are…

Inheritance planning isn’t just about financial structures—it’s about governance. Family governance is the glue that holds a family legacy together, ensuring wealth is managed collaboratively and transparently. Without governance, even the best financial plans can fall apart. What is Family Governance? Family governance refers to the systems and processes that guide how a family manages its wealth and makes decisions. This includes creating a family constitution, hosting regular meetings, and fostering open communication ‌ Why Governance Matters Steps to Build Family Governance Final Thought Family governance is the foundation of a successful inheritance plan. By creating systems for collaboration and communication,…

Last week, I attended a conference and addressed a group of doctors—a moment that left me with plenty to reflect on. Good Afternoon, Doctors I began by saying, “Good afternoon, doctors. As professionals, you already know that falling sick is one of the toughest challenges anyone can face. You’re exceptionally good at managing your health, but I’ve noticed in many families we work with that when illness strikes, they often deplete all their capital just to cover the costs of care.” Understanding Risk in Our Lives This observation led me to talk about risk—specifically, which risks we can plan for…

Many people have asked me, “What do you mean when you say ‘living debt-free and truly wealthy’?” The answer is both simple and complex. My goal is to help my friends, family, and community achieve a state where they are free from debt and enjoy true wealth. This concept has two parts: being debt-free and being truly wealthy. What Does “Debt-Free” Mean? Being debt-free is straightforward. It means not being burdened by loans, credit card debt, or any financial obligations that keep you from having complete control over your finances. What Does “Truly Wealthy” Mean? Being truly wealthy is a…

Building wealth is not an overnight miracle; it’s a journey defined by consistent actions, thoughtful strategies, and a strong mindset that transforms goals into lasting financial habits. Here’s a straightforward look at how you can create the habits that bridge the gap between where you are now and the financial freedom you aspire to. Understanding the Psychology of Wealth Building Wealth isn’t merely about accumulating numbers—it’s deeply connected to your mindset. Your beliefs about money can influence every financial decision you make. If you’ve ever thought, “Money is hard to come by,” or felt that you’re not naturally skilled with…

As a small business owner or entrepreneur, you’re likely wondering how to best invest your profits, especially in an unpredictable economy. With so many factors at play and advice coming from every direction—hot stock picks, private placements, or the latest “can’t-miss” opportunity—the decision can feel overwhelming. The Biggest Opportunity of Our Generation The real opportunity for business owners and entrepreneurs might be closer than you think: investing in your own business. In today’s challenging economic climate, scaling your own business can be one of the most strategic ways to secure your financial future. Growing your business revenue tends to be…

Last week, I had an insightful conversation with a client who has two children. He shared a concern that many parents can relate to: “Sandeep, I don’t want my children to struggle the way I did. I want them to be independent and successful, but I want them to face new challenges, not the same hardships I endured. If they go through the same struggles as me, then I haven’t done my job well.” When I asked him what kind of challenges he wanted for his children, he said: “I want them to live a life of passion. I believe…

When it comes to income, there are two primary types you need to consider: Every asset you own has the potential to generate income, but most of it is variable income—fluctuating and unpredictable. Surprisingly, income is one of the aspects that often gets overlooked in estate planning. A Real-Life Case Study One client shared an interesting scenario: He inherited an old property gifted by his father, but it came with strict rules. He wasn’t allowed to sell it; he could only modify it, live in it, or use it as a holiday home—not rent it out. The result? The property…