Building an Estate Plan That Lasts Across Generations with Chad Halbur (Ep. 9)
Building wealth is one challenge. Helping it benefit future generations is another.
Why does so much family wealth fail to make it beyond the second or third generation? And how can better communication, thoughtful planning, and family values help families create a legacy that lasts longer than the assets themselves?
In this episode, Jon Meyer sits down with Chad Halbur, CFA®, CTFA™, President and Shareholder of Cornerstone Private Asset Trust Company, to discuss the estate planning decisions that often create unintended family conflict. They explore why trusts are about much more than legal documents, how family conversations can shape better outcomes, why choosing the right trustee matters, and how today’s families are rethinking gifting, trust structures, and legacy planning so future generations are prepared instead of simply receiving an inheritance.
Key takeaways:
- Why communication between generations often shapes estate planning outcomes more than legal documents alone
- How selecting the wrong trustee can unintentionally create conflict between siblings
- Why family values should influence trust design instead of relying only on standard legal language
- How lifetime trusts and early gifting can help families teach financial responsibility over time
- Why reviewing estate plans regularly helps families adapt as goals, relationships, and priorities evolve
- And more!
Connect with Jon Meyer:
Connect with Chad Halbur:
About Our Guest:
Chad M. Halbur is President and a shareholder of Cornerstone Private Asset Trust Company, LLC. He is responsible for establishing procedures and the development of day-to-day operations. Chad is our Senior Investment Manager and oversees all accounts and works with clients on strategies to help meet their financial goals and is involved in the implementation and daily management of those strategies.
He is a CFA® charterholder and Certified Trust and Financial Advisor. He is also a member of the Twin Cities Society of Security Analysts, Minnesota Financial Planning Association and is a member of the firm’s Investment Committee.
He was born and raised in the Twin Cities and completed his undergraduate work at St. Cloud State University. After obtaining a B.S. in finance and a minor in economics, he worked for a large insurance company for several years before joining Boeckermann, Grafstrom & Mayer Wealth Management, LLC in 1999. As Assistant Investment Advisor, Chad handled investment research, due diligence, portfolio design, and implementation of all investment strategies.
Chad is married with two children. Chad enjoys hunting, fishing, and vacationing at his family’s cabin.
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