Podcasts about irrevocable

This week, Todd Lutsky explains the process and benefits of putting your assets, including your property, into an irrevocable medicaid trust. Todd also explains the process of selling property in a trust.

Send us a textReady to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...  Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com  At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/subscribeTrusts serve as powerful wealth preservation vehicles for the affluent, providing control, protection, privacy, and potential tax savings. We explore the fundamentals of trusts and how they can be strategically used for estate planning and asset protection.• Most beneficial for those planning their estates, individuals with risk exposure, entrepreneurs, business owners, and real estate investors• Revocable living trusts help avoid probate and mitigate estate taxes when inheriting assets• Irrevocable trusts remove assets from your estate for asset protection and tax minimization• Grantor trusts (intentionally defective grantor trusts) allow assets to exist outside your estate• Charitable trusts create significant tax savings, especially during major capital gains events• Different professionals may recommend different trust solutions for the same situation• Proper trust structure can help preserve multi-generational wealthReady to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...  Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/subscribe

This week, Todd Lutsky explains how an irrevocable trust protects your assets from nursing homes and why it might be the best estate planning path for you.

Christians have irrevocable certainty of the outcome. Ephesians 1:11- In him we have obtained an inheritance, having been predestined according to the purpose of him who works all things according to the counsel of his will.

God's Calling is Irrevocable – Rabbi Burt Yellin

Your bad estate plan is going to cost you! In today's episode, Lauren Klein, a Florida-based tax and estate planning attorney, discussed the critical components of effective estate planning. She debunks myths about revocable trusts, touches on the importance of regularly updating estate plans, and shares on the unethical financial incentives some attorneys may have to let plans fall short. We also talk the strategic use of irrevocable trusts, asset titling, and state-specific protections like Florida's homestead laws for enhanced asset security. We discuss... Lauren Klein is a Florida-based tax, trust, and estate attorney who works nationally, helping clients with estate planning, probate avoidance, and tax strategies. Probate happens when someone dies owning assets solely in their name without a beneficiary or trust.  Probate adds stress during grief and often sparks disputes—especially if there's no clear plan or distant relatives get involved. Family fights usually come from unresolved issues, emotional baggage, or greed. Clear planning helps prevent conflict, though it can't always stop it. Many assume a will or trust avoids probate, but trusts must be properly funded—assets need to be retitled into the trust or have it listed as beneficiary.  The estate planning industry is too transactional—clients get documents but little follow-up. After a death, families often struggle to locate and transfer assets legally while grieving. It requires attorneys, paperwork, and patience. A common myth is that revocable trusts protect assets from taxes or lawsuits. They don't during your lifetime—but they help avoid probate and add control. Revocable trusts shine when passing assets to kids. They can protect inheritances from divorce or lawsuits and become irrevocable (and stronger) after death. Trusts are especially helpful for blended families and young kids. You can distribute assets in stages and add estate tax protection with proper planning. Irrevocable trusts offer stronger protections but are more complex and better suited for high net worth or special planning needs. Asset protection varies by state—Florida, for example, offers homestead and tenancy protections. Even how you title a car can matter. Retirement accounts and life insurance have some protection, but it depends on the state. Listing all assets is key to building a strong estate plan. Crypto is showing up more in estate planning. It requires special steps to protect and transfer securely. Today's Panelists: Kirk Chisholm | Innovative Wealth Barbara Friedberg | Barbara Friedberg Personal Finance Phil Weiss | Apprise Wealth Management Follow on Facebook: https://www.facebook.com/moneytreepodcast Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast Follow on Twitter/X: https://x.com/MTIPodcast For more information, visit the show notes at https://moneytreepodcast.com/bad-estate-planning-lauren-klein-714 

In this thought-provoking episode, J and Petra dive deep into the topic of irrevocable damage in relationships—what it looks like, how it manifests, and why some wounds feel impossible to heal. They explore the different types of damage that can leave lasting scars, from betrayal and broken trust to emotional neglect and repeated patterns of harm. Most importantly, they unpack how couples can begin the difficult journey of repair when it seems all hope is lost—and how to recognize and avoid the behaviors that lead to such damage in the first place. Whether you're in the middle of rebuilding or want to safeguard your relationship for the future, this episode offers powerful insights and practical tools for moving forward with honesty, empathy, and accountability.This episode is sponsored by BetterHelpCognac Room listeners get 10% off of your first month at https://www.betterhelp.com/cognacroom

Send us a textWhat are God's promises for all Believers?  How firm are those promises? Where do you need to place your faith and trust?  God bless you today and I encourage you to spend time in God's Word https://www.instagram.com/biblicaltapestry/https://www.facebook.com/HyperNike12

It's pretty evident that humans aren't faithful. We look at spiritual giants of the Bible Abraham, Moses, David and see them go astray. We look around at our culture and see people not keeping their promises either in business or relationships. We peek into our own hearts and see the same thing. How does God deal with all this unfaithfulness? In a surprising way. Tune in to hear Dr. James Boice talk about God's faithfulness to his people, this week on The Bible Study Hour. To support this ministry financially, visit: https://www.oneplace.com/donate/81/29

Usually a legal agreement is made between two parties who bind themselves to its terms. God made a unique covenant with us. He set the terms, and he is bound to them, regardless of our actions. Today we'll be talking about the nature of covenants, and the special covenant God made for us. To support this ministry financially, visit: https://www.oneplace.com/donate/81/29

Trusts serve as highly adaptable arrangements for managing and distributing assets, both during a settlor's lifetime and after death. This lecture opens by outlining the five key elements that define a valid trust. First, there must be a capable settlor who consciously decides to create a trust and who possesses the requisite capacity to execute that decision. Second, the instrument must name a trustee (or provide a method to appoint one) who holds legal title to the property and administers it according to the trust's instructions. Third, the trust must identify at least one beneficiary – or, in the case of a charitable trust, a recognized charitable or public purpose – to receive equitable title or economic benefit. Fourth, the settlor's intent should be clear and immediate, signifying that they are presently establishing a legally binding arrangement rather than simply voicing aspirations or making incomplete plans. Finally, the trust requires an identifiable corpus, or property to be placed under the trustee's control; without property, the trust remains a mere concept rather than an enforceable structure.Once formed, trusts can adopt different forms, often divided along two main axes. One distinction separates revocable trusts from irrevocable trusts. Revocable (or “living”) trusts allow the settlor to amend or revoke them at will, preserving near-total control and simplifying estate administration upon incapacity or death. Still, assets in a revocable trust usually remain in the settlor's taxable estate and are vulnerable to the settlor's creditors. Irrevocable trusts, on the other hand, prevent the settlor from freely altering or dissolving them once created. Although the settlor relinquishes significant control, irrevocable trusts can achieve tax advantages, creditor protection, or wealth preservation across multiple generations. A second axis differentiates testamentary trusts, which arise from a will at the testator's death, from inter vivos trusts, which operate during the settlor's life. Testamentary trusts offer post-death oversight but require the will's probate first. Inter vivos trusts, whether revocable or irrevocable, spring into force immediately upon execution and funding.Trustees function as fiduciaries, bound by strict obligations. The duty of loyalty demands unwavering focus on the beneficiaries' interests, outlawing self-dealing or hidden conflicts of interest unless expressly permitted by the trust or agreed to by all beneficiaries. The duty of prudence compels the trustee to invest and manage assets as a cautious, skillful investor, aligning with any directions set by the settlor and adhering to recognized standards like the prudent investor rule. Trustees must also maintain impartiality when beneficiaries' interests differ, such as balancing income generation for one beneficiary against principal preservation for another. Clear recordkeeping and transparency constitute further requirements: trustees typically owe beneficiaries regular reports or accountings, ensuring the beneficiaries can monitor the trust's administration.If a trustee fails to observe these duties, beneficiaries may pursue remedies that include removal of the trustee, surcharging the trustee for any losses incurred by improper management, or rescinding certain transactions tainted by conflicts. Courts often order trustees to return illicit profits if the trustee exploited trust property. Although trust instruments can incorporate exculpatory clauses to shield a trustee from ordinary negligence, no trustee can be relieved of liability for willful misconduct, fraud, or brazen self-dealing. These rules confirm the profound seriousness of the trustee's role. By adhering to fiduciary norms of loyalty, prudence, and impartiality, trustees uphold the trust's purpose: ensuring that assets, once entrusted, are safeguarded and used as intended, whether that goal is straightforward estate planning, long-term wealth transfer, charitable givi

Irrevocable trust maintenance obligations. We do estate planning. We do probate. We do it well. If you are in Washington State and need help, you can get a free strategy session at the link in our bio. #estateplanning #probate #realestate #wealth #trusts #legacy #estatetaxes #lawyer #attorney #taxes #money

En Caracol Radio estuvo Susana Muhamad, ministra de Ambiente, explicando porqué presentó su carta de renuncia

Resumen informativo con las noticias más destacadas de Colombia del Lunes 10 de Febrero de 2025 a las siete de la mañana.

Brent chats with Matt Hochstetler about the basics of irrevocable life insurance trusts (ILITs). They explain what these trusts are, why they are useful, Crummey provisions, and creative planning with life insurance.

How can effective trust and estate planning secure your business and personal assets for future generations? In this episode, Gary Heldt sits down with Regine Francois Williams, founder and Managing Partner of Francois Williams Legal LLC, to dive deep into the complexities of trust and estate planning. Regine discusses the importance of estate planning, debunks myths surrounding trusts, and shares valuable insights on business succession. From tax implications to incapacitation planning, this episode provides a wealth of knowledge for business owners who want to protect their assets and ensure a smooth transition for their businesses and families. Key Takeaways: ✅ The importance of setting up both personal and business estate plans to avoid future complications. ✅ Revocable trusts offer flexibility and can be amended or terminated during the grantor's life. ✅ Irrevocable trusts are great for complex tax planning but limit asset control. ✅ Business owners should have a clear succession plan to prevent their businesses from falling apart in the event of incapacity or death. ✅ Trusts are essential for managing assets across multiple states and minimizing probate issues. Quote: “Planning is something we all need to take seriously. It could be a slight moment of incapacity, but everything could fall apart if there's no plan.” - Regine "An unfunded trust is meaningless. It's like putting your most important file through the shredder." - Regine How to Reach Regine: You can connect with Regine Francois Williams through her website at www.fwilliamslegal.com, or find Francois Williams Legal on Instagram, Facebook, and LinkedIn. Learn more about your ad choices. Visit megaphone.fm/adchoices

Hosea 14Repentance to Bring Blessing (v 1-9)**********Scriptures taken from the Holy Bible, New International Version ®, NIV ® Copyright © 1973, 1978, 1984, 2011 by Biblica, Inc. Used with permission. All rights reserved worldwide.The “NIV”, “New International Version”, “Biblica”, “International Bible Society” and the Biblica Logo are trademarks registered in the United States Patent and Trademark Office by Biblica, Inc.  Used with permission.BIBLICA, THE INTERNATIONAL BIBLE SOCIETY, provides God's Word to people through Bible translation & Bible publishing, and Bible engagement in Africa, Asia Pacific, Europe, Latin America, the Middle East, and North America. Through its worldwide reach, Biblica engages people with God's Word so that their lives are transformed through a relationship with Jesus Christ.Support the showSupport the show

Attorney and host Todd Marquardt talks about law of irrevocable life insurance trusts on this BONUS edition of Talk Law Radio. Attorney Todd Marquardt brings you insightful topics every Saturday morning, but he's not stopping there! Join Todd every Sunday afternoon at 4:30pm for a special bonus segment! He addresses trending and specific topics in more detail with a professional perspective. The mission of Talk Law Radio is to help you discover your legal issue blind spots by listening to me talk about the law on the radio. The state bar of Texas is the state agency that governs attorney law licenses. The State Bar wants attorneys to inform the public about the law but does not want us to attempt to solve your individual legal problems upon the basis of general information. Instead, contact an attorney like Todd A. Marquardt at Marquardt Law Firm, P.C. to discuss your specific facts and circumstances of your unique situation. Like & Subscribe! https://www.youtube.com/@talklawradio3421 Listen here! www.TalkLawRadio.com Work with Todd! https://marquardtlawfirm.com/ Join attorney Todd Marquardt every week for exciting law talk on Talk Law Radio!See omnystudio.com/listener for privacy information.

Estate planning attorney Todd Lutsky from the law firm of Cushing & Dolan joins the show for his weekly caller segment "Ask Todd".

Pastor Bryan shares the second half of a lesson from Romans 11. Dr. Chapell shares of the necessary provision of God's grace. He offers eternity to Jew and Gentile alike, for we all equally need His grace. To support this ministry financially, visit: https://www.oneplace.com/donate/1286/29

Pastor Bryan shares a lesson from Romans 11. Dr. Chapell highlights the love of God. An endless love that would not give up on us, and because of His love of us, we are motivated to share this gift with others. To support this ministry financially, visit: https://www.oneplace.com/donate/1286/29

Pastor Perry Shockley | BFBC: Williston | Wednesday 9.4.24

In this episode, Ryan Burklo and Alex Collins discuss the topic of trusts, specifically revocable and irrevocable trusts. They explain that a trust is like a folder where you can put assets that are owned by the trust rather than by you. They discuss the roles of the grantor, trustee, and beneficiary in a trust and the benefits of a revocable trust, such as probate avoidance and flexibility. They also explain the benefits of an irrevocable trust, including tax advantages and creditor protection. They emphasize the importance of regularly reviewing and updating estate plans. Takeaways A trust is like a folder where assets are owned by the trust rather than by you. Revocable trusts offer probate avoidance and flexibility, while irrevocable trusts provide tax advantages and creditor protection. Regularly review and update your estate plan to ensure it aligns with your current situation and goals. Consult with professionals, such as estate planning attorneys, financial planners, and CPAs, to create and maintain an effective estate plan. Chapters 00:00 Introduction and Overview 02:49 Understanding Trusts: Revocable vs. Irrevocable 08:03 The Benefits of Revocable Trusts 11:35 The Advantages of Irrevocable Trusts 15:13 The Importance of Regularly Reviewing Your Estate Plan

Alessandro Chesser was one of the leading sales executives at Carta for 7 years. They always talked about helping Founders set up Trusts to preserve wealth - but it never launched. In February of 2022 he left to launch Dynasty and make the Trust process easier for Founders. Why South Dakota? Revocable or Irrevocable? 0% tax or 40% tax? We talk about it all live. 

Too often, people contact me when it's too late to access all their LTC planning options. Some people believe they are planning ahead at age 80. Some people wait to inquire until after a diagnosis either limits their options or makes them altogether uninsurable. The earlier we plan, the more choices we have, AND the more benefits we can obtain for the least amout of premium. Business owners can deduct LTC premiums, so it's helpful to pay for the plans while you still own the business, to get additional tax write offs. C corporations can deduct 100% of LTC premiums without a cap. LLCs and S Corps have a maximum they can deduct.  The 2024 caps are below.  These are per person Age 40 or less  $470 Age 41-50  $880 Age 51-60  $1760 Age 61-70  $4710 Age 71+    $5880 Schedule with me to learn more  

On this week's edition of Ask Todd, Todd Lutsky shares how irrevocable trusts work and why they are an essential tool for many retirees. Todd explains how family members can make sure they leave a shared property for the their children. Todd answers why you should never write a will on your own.

When does a trust beneficiary's cooperation with a trustee to modify, reform, or decant a trust become a taxable gift by that trust beneficiary? In late 2023, the IRS Office of Chief Counsel answered that question in CCA202352018. In this episode, our guest Jenny Hill Bratt discusses the CCA and its impact on trust and estate practitioners and their clients.   About Our Guest:Jenny Hill Bratt is a partner in the San Diego (Del Mar) office of Sheppard Mullin.  Her practice is focused on US and international estate and income tax planning, trusts and estates administration, family and closely-held business planning and charitable planning and exempt organizations.Jenny is a fellow in the American College of Trust and Estate Counsel (ACTEC) and is certified as a specialist in estate planning, trust, and probate law by the State Bar of California Board of Legal Specialization. She served on the Executive Committee of the Trusts and Estates Section of the California Lawyers Association (TEXCOM), and was involved in the passing of the California Uniform Trust Decanting Act effective January 1, 2019. She is ranked by Chambers in Private Wealth Law.Jenny can be reached at jbratt@sheppardmullin.com or on LinkedIn.About Our Host: Matt Owens is a partner in the San Diego (Del Mar) office of Sheppard Mullin.  His practice is focused on trust, estate, and inheritance disputes.Matt is a certified specialist in estate planning, trust, and probate law by the State Bar of California Board of Legal Specialization. He is a member of the Executive Committee of the Trusts and Estates Section of the California Lawyers Association (TEXCOM), and served as Chair of the Executive Committee of the San Diego County Bar Association's Estate Planning, Trust, and Probate Law Section. He is ranked by Chambers in Private Wealth Disputes.Matt can be reached at mowens@sheppardmullin.com, on LinkedIn, or on X.Thank you for listening to Trust Me!Trust Me is Produced by Foley Marra StudiosEdited by Todd Gajdusek

Psalm 89:19-29, 1 Chronicles 4:9-5:26, Romans 11:11-32. What does the future hold for the ‘insiders'?The key to Paul's understanding lies in Romans 11:29: ‘For God's gifts and his call are irrevocable ' This is a theme that runs throughout the Bible as we see in today's passages

Psalm 89:19-29, 1 Chronicles 4:9-22, Romans 11:11-32. What does the future hold for the ‘insiders'?The key to Paul's understanding lies in Romans 11:29: ‘For God's gifts and his call are irrevocable ' This is a theme that runs throughout the Bible as we see in today's passages

Una decisión irrevocable

Yo soy la luz del mundo; el que me sigue no andará en tinieblas, sino que tendrá la luz de la vida. - Juan 8:12 El cristiano debiera comprometerse con Cristo de forma tan completa como para que sea definitiva. Ya no vivirá mirando hacia atrás para ver si hay algo mejor. No volverá a pasar por esa experiencia. Un libro breve pero inspirador, sobre cómo seguir a Cristo de todo corazón. Cap. 1: ¿Quién es Cristo? Cap. 2: Apego intelectual Cap. 3: Apego voluntario Cap. 4: Apego exclusivo Cap. 5: Apego inclusivo Cap. 6: Apego irrevocable A. W. Tozer: Breve biografía Acerca el autor Entre los más de 40 libros escritos por A. W. Tozer hay al menos dos que se consideran clásicos cristianos: En la búsqueda de Dios, y El conocimiento del Dios santo. Sus libros dejan en el lector la impresión de que es posible y necesario tener una relación más profunda con Dios.

This week on Ask Todd, Todd explains the differences between revocable and irrevocable trusts and why you need to know how each functions and what the tax implications are. Todd also takes calls from listeners about their individual estate planning needs.

Grace is your permanent process, your permanent position, and your permanent present. It's where you are seated and where you are standing. For all of eternity, you get to go deeper and deeper into His wonderful grace!

Hans and Robby are back again this week with a brand new episode! This week's discussion is about irrevocable life insurance.  Don't forget to get your copy of “The Complete Cardinal Guide to Planning for and Living in Retirement” on Amazon or on CardinalGuide.com for free! You can contact Hans and Cardinal by emailing hans@cardinalguide.com or calling 919-535-8261. Learn more at CardinalGuide.com. Find us on YouTube: Cardinal Advisors.

We all work hard to achieve Agency for our family and to sustain it after we are gone. Many mistakenly think you can build it with just offense, then protect with defense, but successful families and businesses focus on both consistently. Listen in, we'll build the castle together. Highlights Retirement misconceptions and financial fears. Analogy of the medieval kingdom for asset protection. Political views on Trump's influence on American prosperity. The risks of open borders and property rights. Different layers of asset protection. Using entities like LLCs for asset protection. The importance of insurance in asset protection. The role of a revocable living trust. Understanding outside vs. inside protection for LLCs. Irrevocable trusts for estate tax avoidance. Irrevocable trusts poise for a future episode. Links and Resources from this Episode Connect with Gary Pinkerton https://www.paradigmlife.net/ gpinkerton@paradigmlife.net https://garypinkerton.com/   Review, Subscribe and Share If you like what you hear please leave a review by clicking here Make sure you're subscribed to the podcast so you get the latest episodes. Subscribe with Apple Podcasts Follow on Audible Subscribe with Listen Notes Subscribe with RSS

This podcast episode delves into advanced estate planning and asset protection strategies for individuals with a net worth of several million dollars, exceeding the basic approaches like LLCs. The discussion features attorney Ethan Okura from Hawaii, covering topics like irrevocable trusts, the implications of the Corporate Transparency Act, and handling of beneficiary ownership agreement forms despite legal disputes. It also touches upon the psychology of predicting economic recessions, the merits of investing in gold, real estate vs. stock investments, and the nuances of real estate's economic impact. Moreover, the episode explores complex estate planning tools, including various types of irrevocable trusts designed for tax benefits and asset protection, strategies for avoiding gift tax, and the value of generational skipping trusts. Insights on handling estate taxes, probate vs. trust benefits, and considerations for special circumstances like non-citizen spouses or disability trust provisions are also discussed. The importance of financial education, passing values along with wealth to prevent mismanagement by future generations, and the potential of a dynasty trust to maintain family wealth across generations are highlighted.00:27 Understanding the Corporate Transparency Act02:05 Predicting Recessions and Investment Strategies03:10 Real Estate vs Stocks: A Comparative Analysis04:41 The Challenges and Rewards of Being a Landlord05:32 Exploring Commercial Real Estate Opportunities06:16 Invitation to Connect and Learn More06:31 Deep Dive into Estate Planning with Ethan Okura07:52 Understanding Probate and the Importance of Trusts13:06 The Intricacies of Irrevocable Trusts20:59 The Role of Settlor, Trustee, and Beneficiary in Trusts25:05 Exploring Different Types of Trusts34:50 Understanding Different Types of Trusts35:31 Exploring the Concept of Irrevocable Life Insurance Trust36:45 The Role of Trusts in Estate Planning37:13 The Importance of Grantor Trusts38:10 Tax Implications of Trusts39:24 Strategies for Asset Transfer and Tax Avoidance41:12 Understanding Estate Taxes42:12 The Impact of Changing Estate Tax Exemptions51:06 Planning for Incapacity and Long-Term Care57:56 The Power of Generation Skipping Trusts01:01:38 Final Thoughts on Estate Planning and Trusts Hosted on Acast. See acast.com/privacy for more information.