South Carolina Business Review

Estate Planning Oversights That Could Cost Your Family—And Why Women Need to Take the Lead

By Mike Switzer

Published April 22, 2025 at 6:30 AM EDT

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Beth Jeter Hrubala, certified financial planner in Spartanburg, S.C.

Estate planning is one of those things that often gets hit by procrastination. You know, “I’ll get around to it someday"—But then that “someday” ends up being too late. Our next guest says that those missed action items can create financial and emotional chaos for family members left behind. And, she says, women in particular need to pay attention because by 2030, women will control two-thirds of U.S. wealth, and even today, 70% of wealth transfers to the next generation are overseen by women. Mike Switzer interviews Beth Jeter Hrubala, a certified financial planner in Spartanburg, S.C.

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Mike Switzer

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.

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