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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Operation Better Start receives Community Impact Grant from Fallon Health

PITTSFIELD, Mass. — Berkshire Health Systems' Operation Better Start (OBS), an out-patient nutrition program has been named a recipient of Fallon Health's Community Impact Grant for 2021. 
The funds, totaling $10,000 will help support the Food and Families program in the Pittsfield Public Schools' 21st Century After School Program.
Food and Families will partner 21st Century Pittsfield middle school students with their grandparents and/or senior friends in a nutrition education, cooking and food share after school program.  Food and Families is a collaborative community project bringing together the Pittsfield Public Schools, Operation Better Start, and Pittsfield Community Television. The grant was awarded to the Food and Families program as it meets Fallon's goals of reducing food insecurity in the community as well as decreasing social isolation for seniors.
"Fallon Health's Community Impact grant award helps to address a great need in Berkshire County," said Pete Gazzillo, Director of Nutritional Health at Berkshire Health Systems. "Our population is growing older, food insecurity is hitting 10 percent of households in the Berkshires, and we are geographically isolated. As COVID-19 has added an additional layer of isolation this funding aims to use technology and community partnerships to bring our youth and elderly population together on this key community issue. The funds are driving the innovation that needs to happen to change the healthcare landscape and address so many components of social determinants of health. We are extremely thankful to Fallon Health for this funding."
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