Paul J. Brahim, CFP®, CEPA®, Managing Director, Financial Advisor, Strategic Referral Programs at Wealth Enhancement, was featured by Crain Currency in the article “Armani’s ‘elegant’ succession plan is a model for wealthy families.”
The use of a foundation is not common, Brahim said, because “families don’t like that loss of control.” In addition, the cost of running a foundation and the compliance issues might be “too much of a hassle,” he said.
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