David Lenoch is joined by John Pentekidis, chief investment officer and general counsel at Twin Focus, to discuss the struggles of determining inheritance with children from multiple partners and the legal and tax issues with having children in mind.
With over 74 million records sold worldwide and a lucrative career that has taken him in many directions, Earl Simmons, better known as rapper DMX, passed away in April 2021. He left behind a complicated legacy landscape with fifteen children, and his fiancée Desiree Lindstrom’s attempt to be recognized as his common law partner through the courts.
In this episode, David and John address the laws and rights of partners, ex-wives, and children in such complex situations.
- how divorce can complicate relationships and inheritance after death;
- Importance of estate planning in all scenarios;
- Why can inheritance be an advantage;
- even more.
Connect with John Pentekidis:
Twin Focus Capital Partners LLC
Connect with David Lennox:
About our guest:
John is a Managing Partner at TwinFocus and serves as Chief Investment Officer (CIO) and General Counsel. John has been with the firm since January 2007, six months after the firm’s launch. In this role, he leads the firm’s investment research and complex tax planning efforts, working closely with clients to help them design and implement innovative family office structures.
As the firm’s CIO, he leads research efforts to develop new and creative investment policies, oversees due diligence for manager search and selection, and identifies, negotiating, modeling the firm’s private investment activities. and plays a multifaceted role in guiding the structure. Relates to a fundamental investment and multi-generational approach. John has also designed and implemented the firm’s sophisticated Options Overlay program.