Berkshire Money Management Team Completes Institute for Preparing Heirs Program

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DALTON, Mass. — Berkshire Money Management advisors Scott Little, Peter Coughlin, Lauren Russo, and Nate Tomkiewicz all recently completed an exclusive program offered by the Institute for Preparing Heirs on the topic of "The Great Wealth Transfer: Preparing HNW Families to Prosper & Thrive Across Generations."
 
"One of the single biggest challenges facing successful families today is ensuring that the inheriting generation—the children and grandchildren—maintain control of the family assets and unity after wealth transfer," Russo said.
 
The Institute for Preparing Heirs program addresses the changing needs and expectations of successful families and addresses how family dynamics play a far greater role in successful wealth transfer than previously understood; The important role of women as the family's financial leader, the practical tools families can use to prepare beneficiaries for the opportunities and responsibilities of wealth, as well as the benefits of family meetings.
 
"Comprehensive wealth planning encompasses more than excellent investment, tax and estate planning; it's also important to ensure that your beneficiaries are prepared to receive and manage family assets in a manner to foster their development and lifetime goals," said Coughlin.
 
According to a press release, Little, Coughlin, Russo and Tomkiewicz all understand the importance of being well-versed in how a family successfully navigates through generational wealth transfer (including assets over time or estate transitions), especially against the backdrop of an ongoing and devastating pandemic. Their endeavors are indicative of BMM's commitment to continuing professional development and education so that we may continuously better serve our clients and community.
 
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MEMA Eyes Western Mass for Abandoned Migrants

By Sabrina DammsiBerkshires Staff
PITTSFIELD, Mass. — Some of the migrants abandoned on Martha's Vineyard in September could find homes in Western Massachusetts. 
 
On Sept. 14, approximately 50 South American asylum-seekers were sent to the island of Martha's Vineyard from San Antonio, Texas, under the direction of Florida Gov. Ron DeSantis. No one was informed of their imminent arrival, leaving the small island community to scramble to find shelter and services for them.
 
Central Berkshire Regional Emergency Planning Committee Chair Michael Britton informed the committee on Wednesday morning that the Massachusetts Emergency Management Agency has been preparing for Western Mass as the next location to relocate some of these people.
 
The asylum-seekers had been transported to Joint Base Cape Cod to provide them more services, including legal services. Many of them had court dates in Texas that they would have missed being in the Northeast.
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