Monthly Archives: June 2021

Feature 2021

13. Building Generational Wealth Through Proper Estate Planning with Elsa W. Smith

Did you know that 70% of families lose their wealth by the second generation, and 90% lose wealth by the third? 

There are actionable steps you could be taking to avoid this from happening.

In this episode, Malcolm Ethridge sits down with Elsa W. Smith, founder of the Law Offices of Elsa W. Smith, as they discuss the role that proper estate planning plays in maintaining generational wealth. The duo discuss the importance of planning now and keeping your documents up to date.

Elsa discusses: 

  • What led her to create the Law Offices of Elsa W. Smith and how she found a passion for estate planning
  • The differences between a will and a trust, and why you might want to consider having both
  • What happens in the probate process and how you can avoid it
  • How to make sure your trust is properly funded
  • Bringing multiple generations into the estate planning conversation
  • And more

Connect With Elsa W. Smith:


About Our Guest:

Elsa W. Smith is the founder and principal of the Law Offices of Elsa W. Smith, LLC. Elsa focuses her practice on wills and estate planning and startup business consulting. She counsels individuals, families and business owners in the creation of wills, trusts, financial powers of attorney and advance directives. In addition, Elsa assists small and emerging businesses with contract drafting and review, corporate organization, drafting business policies, expansion and growth consultations, and business succession planning.

Feature 2021

12. Your 401(k) Is Not Your Piggy Bank with Malcolm Ethridge

When it comes to your 401(k) plan, you want to keep your hands off for as long as possible. The longer those funds can compound and grow, the better.

In this episode, Malcolm Ethridge speaks about his recent blog that left a few people uneasy about the message he was getting across. Malcolm discusses why he believes that you should not be borrowing from your 401(k) and what could happen if you do.  

In this episode, we discuss:

  • The unintended consequences of 401(k) plan loans and early distributions
  • The Cares Act and its impact on 401(k) plan distributions 
  • The growing trends around 401(k) loans and debt consolidation  
  • Alternative ideas to access capital instead of tapping into your 401(k)
  • And more!

Tune in to discover how tapping into your 401(k) plan could hurt you in the long run and what you should be doing instead! 

Resources: | Malcolm Ethridge | Malcolm’s Blog | Malcolm on Twitter