Wealth, Inheritance, and the $40 Trillion Tsunami | David York | TEDxSaltLakeCity
Inherited wealth. Is it a powerful tool or a destructive weapon? David York argues it can be both, depending on how you define and use it. In this mind-expanding talk, he counsels us on the impending $40 trillion global wealth transfer and how to prevent it from becoming a deadly dynamite detonation.
David R. York is a Principal with the Salt Lake City law firm of York Howell and Guymon, where he practices law in the areas of estate planning, tax, business planning, and non-profit entities. He is a Fellow with the American College of Trust and Estate Counsel (ACTEC) and a Member of the Society of Trust and Estate Professionals (STEP). David has been regularly named to Utah Business Magazine’s Utah Legal Elite™ in the field of Estate Planning and as a Mountain States Rising Star in Super Lawyers Magazine.
David loves working with entrepreneurs, closely held businesses, and families of all kinds. In particular, he loves challenging conventional wisdom when it comes to wealth transfer and instead prefers to focus on how to make the most positive, meaningful impact with wealth across generations and in society as is humanly possible.
This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at ted.com/tedx
One of my favorite TED talks. Great job.
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This fabulous talk should be listened to, to anyone thinking about legacy planning.
A unique and excellent perspective on the inherent wealth of values and legacy-planning! Applause! 👏👏👏
Thank you for the new thoughts.
Wonderful perspective. Thank you David.
Fantastic snippet of wisdom already shared with family.
Nice talk - plenty of food for thought, but apparently they didn't discuss in law school the original meaning of "will and testament" - will transferred the property, testament were instructions on how it was to be used - good place to start
So so true that too much is as bad as too little. Millions of people are starving to death on this planet at exactly the same time as the incredibly rich turn to drugs because they don't have to work or fight for anything, leaving them bored and depresseingly unchallenged. If you have or earn alot of money use what you need to be just comfortable and prepared for your future and spend the remainder on things that improve life for others. You dont have to give money away. Just spend it on things that make a big difference to a place or people that couldnt otherwise do it. From creating a daycare in your workplace or a space for a community garden to saving the children in war torn countries. Improve your community and your world.
wonderful
What would Joseph Stiglitz have to say about the legacies of inherited wealth?
The speaker sounds a lot like Matt Damon.
Why care about inheritance, like the world will remember the 10.000th person to plant a tree.
Let"s rake family farms away and sell them to giant corporations.