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Three suggestions if you inherit a trust

Chris Cabri, certified financial planner with Wells Fargo Advisors in Greenwood, S.C.
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Chris Cabri, certified financial planner with Wells Fargo Advisors in Greenwood, S.C.

Generational wealth transfer is becoming a much more common thing these days as the Baby Boomer generation, once the largest group, was recently surpassed in size by the Millennials. Our next guest says that these transfers are increasingly coming down the pipeline in the form of trusts. And he has some suggestions if this happens to you. Mike Switzer interviews Chris Cabri, a certified financial planner with Wells Fargo Advisors in Greenwood, SC.

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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.