Podcasts about irrevocable trust

When is the Right Time to Create an Irrevocable Trust? 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

Elder law attorney Kerry Peck joins John Williams to answer all your questions about elder law, trusts, estate plans, wills, and elder abuse. Kerry discusses the battle between Rupert Murdoch’s children over his media empire, why he doesn’t recommend irrevocable trusts, and what you should know about estate plans. If you have a question or concern, visit peckritchey.com or call […]

Elder law attorney Kerry Peck joins John Williams to answer all your questions about elder law, trusts, estate plans, wills, and elder abuse. Kerry discusses the battle between Rupert Murdoch’s children over his media empire, why he doesn’t recommend irrevocable trusts, and what you should know about estate plans. If you have a question or concern, visit peckritchey.com or call […]

Elder law attorney Kerry Peck joins John Williams to answer all your questions about elder law, trusts, estate plans, wills, and elder abuse. Kerry discusses the battle between Rupert Murdoch’s children over his media empire, why he doesn’t recommend irrevocable trusts, and what you should know about estate plans. If you have a question or concern, visit peckritchey.com or call […]

Can You Add or Delete Beneficiaries from an Irrevocable Trust? 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

The best first irrevocable trust to create for estate tax avoidance. 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

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

SLATs, CRTs, and IDGTs, Oh My! Utilizing Trusts to Optimize Estate Planning and Business Sale ProceedsOur episode today featured Christine Schmidt and Julie Westbrock, advisors with Trust Point. Both are heavily involved with business owner clients; one from the Family Office area and the other from the Wealth Management area. Today's topic was not one we've covered at such length, so we felt that it was time for us to dive into it a bit deeper. We spent our time discussing some of the most commonly used Trust instruments. An Irrevocable Trust can be a good option for a family with a business or other significant assets that are appreciating in value. An attorney with knowledge in estate and business drafting is crucial. A knowledgeable and supportive trustee to administer or family office to engage all parties; this would be a role Trust Point would play, along with accounting and Valuation experts. These help families to transfer the value of the business out of the owners estate and stillmaintain control of the business with the owner during their lifetime. A couple of other commonly utilized Trust instruments are Intentional Defective Grantor Trust (IDGT) a SLAT (Spousal Lifetime Access Trust) and a CRT (Charitable Remainder Trust). Christine and Julie explained the typical reasons for use of these as well as benefits and risks of each. Listen to the podcast to learn more here. Connect with Christine Schmidt here and Julie Westbrock here Support the Show.Join the Twin Cities Chapter of EPI at the 2024 Owners Forum! Learn More and Register here

What is a self-settled irrevocable trust? 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 here -> https://cmslawfirm.com/

How to change an irrevocable trust - yes it's possible. 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 here -> https://cmslawfirm.com/

When Is a Will Appropriate VS A Revocable Living Trust VS An Irrevocable Trust? -- If you want to talk more about estate planning: https://oconnorelderlaw.com/strategysession1/ -- We do estate planning. We do probate. And we do it well. Our firm rests on three core pillars: 1. Family protection 2. Family opportunity 3. A plan that works when it's needed If you need estate planning or probate help, we should talk. The easiest way to do that is to click the link below and choose a date and time that work for you (over the phone or in person). Melissa O'Connor is the owner of O'Connor Law. She created it with one goal - help YOU live a great life and leave a great legacy. You'll find information here on elder law, medicaid trusts, medicaid planning, guardianship, estate planning, probate, revocable living trusts, irrevocable trusts, life insurance trusts, charitable giving, wills, trusts, power of attorney, medical power of attorney, trustee selection, and everything in between. -- How to find us out there in the world... Instagram = https://instagram.com/oconnorelderlaw Facebook = https://www.facebook.com/oconnorelderlaw/ TikTok = https://tiktok.com/elderlawyer iTunes = https://podcasts.apple.com/us/podcast/elder-law-and-estate-planning-with-melissa-oconnor/id1482527268 YouTube = https://www.youtube.com/channel/UCxEEHNjRytI6n776SQIZTHA LinkedIn = https://www.linkedin.com/in/oconnormelissa/ #estateplanning #probate #family #money #medicaidattorney #estateplanningattorney #taxes #elderlawattorney #medicaidlawyer

Todd Lutsky shares his insight into how and when you should decide on a revocable or irrevocable trust. Todd also details some scenario's that might require one trust over the other.

Todd Lutsky, Cushing & Dolan, explains what factors go in to making a decision on creating an irrevocable trust. What are the downsides of using an irrevocable trust? How do you know if you need one trust or two? How to plan for estate taxes and a possible nursing home stay?

We fulfill our responsibilities for our loved ones while we are living. What if something happens to us? Our duty is to create a well-organized will so that our wealth can be easily passed on to our family members. Pritika Kumar, co-founder of a legal platform, No Grey, and WhyNotMintMoney host Aprajita Sharma discuss the same in this episode.

What is a self-settled irrevocable trust? At CMS Law Firm we do estate planning and probate, and we do it well. If you need help, we'd love to talk to you about how you can protect your family, protect yourself, and protect your money. Getting started is easy. Just click the link and set up a time for your free strategy session - https://cmslawfirm.com. Talk to you soon!

Here's who pays irrevocable trust tax income. At CMS Law Firm we do estate planning and probate, and we do it well. If you need help, we'd love to talk to you about how you can protect your family, protect yourself, and protect your money. Getting started is easy. Just click the link and set up a time for your free strategy session - https://cmslawfirm.com. Talk to you soon!

Is a dynasty trust an irrevocable trust? At CMS Law Firm we do estate planning, we do it well, and we'd love to talk to you about how you can protect your family, protect yourself, and protect your money. Good news for you is, that's easy to do. Just click the link and set up a time for your free strategy session - https://cmslawfirm.com/estateplanningstrategysession. Talk to you soon! #estateplanningattorney #probatelawyer #family #money #estatetaxes #wealth #kids #taxes #realestate #trust #revocablelivingtrust

Have you ever wondered if an irrevocable trust for Medicaid planning is something that you should explore? In this podcast, I discuss why would such a trust might be appropriate and how such a trust works generally. If you want to learn more feel free to reach out for a strategy session. -- I love comments. I make these videos specifically to help people with no expectations. Please take a second and say ‘Hi' in the comments and let me and know what you thought of the video… and p.s. It would mean the world to me if you hit the subscribe button.

When we first begin working with a client who is setting up their estate plan and, more specifically, building a trust, the number one question we always get is whether they need a revocable or an irrevocable trust. For us, this is always an interesting and fun conversation because as soon as the client hears the difference, they immediately know which tool they need.  Not to give it all away, but the standard option is the revocable trust; however, there are certain instances in which the irrevocable trust is needed—there is no one-size-fits-all approach to estate planning. So, which trust is right for your specific circumstance? Press play and listen in for more details, and of course, when you meet with your estate planning attorney, they will help ensure you're making the right decision to protect your loved ones and your future.  Time-stamped Show Notes:  0:00 Introduction 0:55 A revocable trust is what we typically do in our practice, which gives you control over everything in your trust, you are in charge.  1:10 An irrevocable trust is used to give everything away; you can't change it.  1:58 Next, Madison discusses in more detail why you would want to use an irrevocable trust and how they are set up.  4:40 If you're worried about being sued, that may be another issue. Your trust isn't generally going to protect you from something like that. Here's what you need to know. 

Welcome back! In our last episode of Absolute Trust Talk, we were joined by expert psychotherapist and certified coach Tess Brigham, MFT, BCC, to discuss the differences between generations and, more specifically, examine the unique dynamics between Baby Boomer parents and Millennial children.  In this episode, we continue our conversation with Tess, focusing on the interactions between Gen X parents and Gen Z children. These two generations are very interesting as Gen Xers were heavily influenced by events like the Persian Gulf War, the women's movement, and high divorce rates. As Tess points out, this generation is a very “figure it out on your own” group. Whereas Gen Zers are true digital natives and have no real concept of life before technology. We hope you will listen in as we talk about how these generations' unique experiences shaped their approach to estate planning. Plus, we share some special insights from real client stories!  Time-stamped Show Notes:  0:00 Introduction 1:19 To kick off the episode, Tess gives us a little background refresher on what types of events and movements had an impact on these two generations.  7:30 One way the younger generations differ from the older ones, in terms of estate planning, is how they consider the possibility of divorce and whether they want to burden their children with responsibility. Listen in to learn more!  10:55 We're likely all familiar with the stereotype that the oldest daughter always gets the responsibility of taking care of her parents, but will this continue with the newer generations?  14:05 At the end of the day, women are biologically and evolutionarily designed to care for family, so perhaps we won't see a change in the oldest-daughter-caretaker stereotype after all. Only time will tell!  15:29 As we wrap up the show, we highlight why it's important to analyze how these heavy conversations play out among generations. 

Estate Planning... a topic nearly every ranch family will have to… or has dealt with.  Attorney Dal Houston walks us through the various topics like: the difference between a Will and a Trust; the difference between a Revocable Trust and an Irrevocable Trust as well as discussion on Joint Tenancy, Partnerships, and LLC's.  You may have heard this topic before, but it's crucial to the sustainability of our family ranches... and how much you wanna bet you'll hear something this time around that you missed the first time.     #workingranchmagazine #workingranchnation #justinmills.wyocowboy #ranchlife #ranching #dayweather #weather #agweather #beef #cows #livestock #cattle #Gelbvieh #DiamondV #estateplanning #ranchfamilies #sustainability

Todd Lutsky shares what he believes are the biggest benefits of utilizing an irrevocable trust, why a trust can't borrow against itself, and why naming a beneficiary in your will is important.

What deed is needed to transfer to an irrevocable trust? At CMS Law Firm we do estate planning, we do it well, and we'd love to talk to you about how you can protect your family, protect yourself, and protect your money. Good news for you is, that's easy to do. Just click the link and set up a time for your free strategy session - https://cmslawfirm.com/estateplanningstrategysession. Talk to you soon! #estateplanningattorney #probatelawyer #family #money #estatetaxes #wealth #kids #taxes #realestate

Can you put your house into an irrevocable trust? At CMS Law Firm we do estate planning, we do it well, and we'd love to talk to you about how you can protect your family, protect yourself, and protect your money. Good news for you is, that's easy to do. Just click the link and set up a time for your free strategy session - https://cmslawfirm.com/estateplanningstrategysession. Talk to you soon!

Elder law attorney Kerry Peck joins John Williams to answer all your questions about elder law, trusts, wills, and elder abuse.

Elder law attorney Kerry Peck joins John Williams to answer all your questions about elder law, trusts, wills, and elder abuse.

Elder law attorney Kerry Peck joins John Williams to answer all your questions about elder law, trusts, wills, and elder abuse.

The Estate Tax Exception amount is set to roll back from 13 million per person to 7 million at the end of 2024 and attorney Dal Houston returns as a guest to explain the details.  We'll discuss options that can be looked at should your estate be bumping into the potential for those Death Taxes… which will lead us into a great discussion on the uses and differences of a Revocable Trust versus an Irrevocable Trust. Plus, his thoughts on whether to leave your estate to that next generation “Outright” or in a “Trust”. #workingranchmagazine #workingranchnation #justinmills.wyocowboy #ranchlife #ranching #dayweather #weather #agweather #beef #cows #livestock #cattle #Gelbvieh #DiamondV #estatetax #estateplanning #deathtax #taxexcemption

Need Medicaid? Why an irrevocable trust is NOT for you!   -- I love comments. I make these videos specifically to help people with no expectations. Please take a second and say ‘Hi' in the comments and let me and know what you thought of the video… and p.s. It would mean the world to me if you hit the subscribe button.

What deed is needed to transfer to an irrevocable trust? At CMS Law Firm we do estate planning, we do it well, and we'd love to talk to you about how you can protect your family, protect yourself, and protect your money. Good news for you is, that's easy to do. Just click the link and set up a time for your free strategy session - https://cmslawfirm.com/estateplanningstrategysession. Talk to you soon! #estateplanningattorney #probatelawyer #family #money #estatetaxes #wealth #kids #taxes #realestate

It's a voice message extravaganza as Joe and Big Al talk about tax gain harvesting on Dante in New York's daughter's custodial account, and the tax impacts of Leon in Chicago investing in his brokerage account. The fellas also spitball on whether Michelle in San Diego, en route to San Francisco, should buy or rent in her 60's, the mega backdoor Roth and the pro rata rule for Sean and his cichlids in Winter Springs, Florida, and whether Jason in NOLA can do the backdoor after recharacterizing his contribution. Plus, should Kevin in Ohio make like the Steve Miller Band and "take the (pension) money and run"? Can Scott in Colorado make like Johnny Paycheck and "take his job and shove it" when it's time for the rule of 55? And should Suzi and Peter consider long term care insurance and protecting their assets with an irrevocable trust? Access this week's free financial resources and the episode transcript in the podcast show notes at https://bit.ly/ymyw-464 Timestamps: 01:07 - Custodial Account Tax Gain Harvesting: Reported on My Daughter's Taxes or Mine? (Dante, NY - voice) 05:17 - Tax Impacts of Investing in a Brokerage Account? (Leon, Chicago - voice) 10:50 - Three (okay, four) ways you make YMYW the show that it is Ask Joe & Big Al On Air for your Retirement Spitball Analysis 12:28 - Is it Better to Buy or Rent in My 60s? (Michelle, San Diego - voice) 19:50 - Mega Backdoor Roth & the Pro-Rata Rule (Sean, Winter Springs, FL - voice) 26:56 - Should I Take the (Pension) Money and Run? (Kevin, OH - voice) 32:13 - Money Makeover Guide - limited time special offer - download by this Friday! Complete Money Makeover - How to Do a Financial Facelift - YMYW TV 33:08 - Should We Consider Long Term Care Insurance and Protecting Our Assets with an Irrevocable Trust? (Suzi & Peter, San Diego) 39:23 - Can I Do a Backdoor Roth After a Re-characterization? (Jason, NOLA) 43:42 - Spitball My Early Retirement Plan & the Rule of 55 (Scott, CO) 52:29 - The Derails

Transfer on death deed to an irrevocable trust? At CMS Law Firm we do estate planning, we do it well, and we'd love to talk to you about how you can protect your family, protect yourself, and protect your money. Good news for you is, that's easy to do. Just click the link and set up a time for your free strategy session - https://cmslawfirm.com/estateplanningstrategysession. Talk to you soon!

Have you ever had a pesky neighbor encroaching on your land? Or perhaps they have decided to put a cell tower in that directly blocks the beautiful view that you bought your property for in the first place? Or maybe you've recently inherited the family home but share it with your siblings and cannot agree on what to do with it. How do you resolve these types of challenges? Do you have a friendly conversation? Do you engage a lawyer and go to court? In this podcast episode, we sit down with Steven Kahn, a civil litigation attorney who focuses on real estate and business disputes involving real estate. He is a partner at Hoge Fenton, has been a Northern California Super Lawyer four years in a row, and has been a Northern California Super Lawyer Rising Star for five years. With his accolades and over nineteen years of experience in trials, arbitrations, and problem-solving, Steven is the perfect candidate to share his insights on various real estate issues.  “When you bought your house, you probably got a title insurance policy, and it probably has something attached to it called an assessor's parcel map that looks like a map of your neighborhood, but it doesn't actually show where your boundaries are. It was created by the taxing authority to have a general idea of how big the land is.” So, join us in our 120th episode of Absolute Trust Talk as we discuss: How to divide up real estate that has been inherited by more than one beneficiary The ins and outs regarding boundary disputes What court proceedings for real estate issues may look like – depending on the case Discussions on the recent Mount Diablo dispute What you can do if a neighbor blocks your view from your property The difference between adverse possession and prescriptive easements  And much more!  There's nothing quite like a real estate or land dispute to ruin neighbor or familial relationships. A little effort and communication can go a long way to finding the right solution, but we know some situations can escalate quickly, and a lawyer like Steven is needed to help keep the peace and navigate the law. If you or someone you know is facing a real estate or property legal challenge, we hope this episode will help you take the necessary next steps to resolve your issue correctly.

What deed is needed to transfer to an irrevocable trust? At CMS Law Firm we do estate planning, we do it well, and we'd love to talk to you about how you can protect your family, protect yourself, and protect your money. Good news for you is, that's easy to do. Just click the link and set up a time for your free strategy session - https://cmslawfirm.com/estateplanningstrategysession. Talk to you soon! #estateplanningattorney #probatelawyer #family #money #estatetaxes #wealth #kids #taxes #realestate

If you're someone who is serving in the role of trustee, executor, conservator, or guardian, acting as a personal representative for someone's estate in California, did you know that the state has specific guidelines for probate accounting? According to section 16062, the California probate code requires representatives to provide an accounting at least once a year. The purpose is usually two-fold: to show beneficiaries what assets exist, how they've been handled, how much is left to be divided up, and to show the individual in control of the money is doing their job.   “Unlike giving a few specific documents to your CPA to prepare for a tax return, we need everything - every transaction that happens within a trust estate or conservatorship. It's a lot of information.” The problem is that most people whose names are tasked with the role of trustee or conservator have no idea how to prepare this type of formal accounting. Even for those confident in their accounting skills, the process is technical, tedious, and can be wrought with many opportunities for mistakes. The good news is you don't have to do it alone. There are professionals who do complete probate code-compliant accounting for a living. One of these professionals, Heather Hamilton, founder of Fiduciary Accounting Services, LLC (FAS), is joining us on this episode of Absolute Trust Talk.  Heather holds a bachelor's degree in finance from California State University, Chico, and worked in commercial banking for 15 years before founding FAS in 2007. The goal of this company was to focus purely on fiduciary accounting, making this expert service more available and taking the load off the shoulders of others. Since then, FAS has grown to be the largest provider of accounting for trusts, estates, and conservatorships in California, focusing entirely on fiduciary accounting.  Join us as we discuss: The particular challenges that come with fiduciary accounting, both for the accountants and the clients Why you may need a fiduciary accounting in the first place What is required for this type of accounting Tips and advice on how to ensure a smooth accounting process And much more! Whether you need formal probate-compliant accounting now or you're preparing for the future, this episode will help you understand what to expect and how to prepare and even show you what to avoid. So, find a cozy spot, and let's get started!

Ever feel tangled in the complex web of trusts and estate planning? Fear not, we've got your back! In this enlightening episode, we layer back the mystique of trust drafting, diving straight into the heart of revocable living trusts, irrevocable trusts, and the stealthy convertible trust. We take a magnifying glass to the unique features nestled within each type, demonstrating how you can harness them to serve your specific needs. You'll see how an irrevocable trust, despite its sturdy exterior, can protect your assets while still allowing you to draw an income, all under the watchful eye of a trusted fiduciary. Turning the page to estate planning, we illustrate the sheer power of a trust in your estate plan. Want to talk to an estate planning and elder law attorney for free? We share the golden path to free legal advice and set the stage for what to expect during a no-strings-attached consultation with an attorney about your estate plan. We also dispel common concerns about irrevocable trusts, bringing to light the concept of a convertible trust - the Swiss army knife of trusts, boasting the adaptability of a revocable living trust with the protective armor of an irrevocable trust. Get ready to conquer the world of trusts and estate planning! Tune in, sit back, and enrich your knowledge.

When is it the smart to follow the crowd, and when can it get you burned? Join John as he delves into the powerful influence of groupthink and how it can lead to unexpected pitfalls for even the savviest investors. (3:30)  Presented by Creative Planning, each week Host and Managing Director John Hagensen cuts through the headlines and loud takes to challenge the advice you may have been given and reaffirm what you know to be true. Plus, don't miss his weekly interviews with Creative Planning specialists as they cover investing, taxes, estate planning and many other areas that impact your financial life! Important Legal Disclosure: creativeplanning.com/important-disclosure-information/ Have questions or topic suggestions? Email us @ podcasts@creativeplanning.com

You may have heard the sentiment that parenting is one of the most challenging yet most rewarding jobs there is. That is even more true when raising a child with special needs because they often come with unique challenges. It's easy to quickly become overwhelmed mentally, emotionally, and even financially and physically at times. Your sense of normalcy may seem different from others around you, leading you to feel isolated and alone, unsure of what to do or where to turn.  To help provide some answers, we sat down with Kerrie Lloyd, Vice President at Index Fund Advisors, author of Planning the Future for A Special Needs Child, and founder of Integrative Solution Services LLC, where she provides consulting and collaborative tools to the special needs community. Kerrie is also a Doctor of Natural Health, NhD, and earned her certification in Pivotal Response Therapy for Autism through the Koegel Autism Center at UC Santa Barbara (now at Stanford University). She also earned her Chartered Special Needs Consultant (ChSNC®)* designation in 2020 through The American College for Financial Services, a fully accredited institution by the Middle States Commission of Higher Education. Despite all the accolades, Kerrie's most important job is as Adam's mom. Adam was diagnosed with Autism and Deafness early on, and through her experiences with him, she has learned what it takes to raise and care for a special needs child. Kerrie noticed that special needs children go through a series of life stages, each marked by major events, such as diagnosis, the beginning of school, and the transition to adulthood. Having this knowledge makes it easier to prepare for each stage, eliminating the fear of the unknown for parents. Now that Kerrie is in the later stages with Adam, she has compiled her experiences and resources to share this insight and knowledge with others. In this episode of Absolute Trust Talk, we will discuss: The six stages of life for an individual with special needs. The key planning components and milestones that mark each of the stages.  What the transitions from each phase look like.  Important resources that are available and how to access them.  The importance of obtaining legal help to ensure that parents understand their rights, know what they can ask for, and ensure that they aren't missing any steps.  And much more.  It can be difficult to navigate life's complexities with a special needs child, but you don't have to go through it alone. Understanding these life stages can help you better understand your child, feel more prepared for each milestone, and even unlock enriching and fulfilling moments.

Are irrevocable trusts truly irrevocable?  One way to change the terms of an irrevocable trust is by decanting.  In this episode, our guest Michael Rosen-Prinz will be discussing the particulars of California's decanting statute. About Our Guest:Michael Rosen-Prinz is a partner at the Los Angeles office of Loeb & Loeb LLP.  Michael maintains a broad trusts and estate practice, including wealth transfer planning, planning for family governance and business succession, cryptocurrency and QSBS planning, and estate, gift and generation-skipping transfer tax matters.  Michael also has deep experience forming and operating single family offices and private trust companies; advising on governance, succession, tax, regulatory and operational issues. In addition, Michael devotes a substantial portion of his practice to cross-border planning for domestic and international families. In this area, he advises clients on foreign trusts, pre-immigration planning and expatriation, as well as inbound and outbound investments and compliance matters related to structuring investment vehicles in the U.S. and internationally.Michael is also a member of the Trust and Estates Section of the California Lawyers Association.  Michael can be reached at: mrosenprinz@loeb.comAbout Our Host: Host Anna Soliman is Trust Counsel and Managing Director for Fiduciary Trust International of California out of the Los Angeles Office. Prior to joining Fiduciary Trust International, Anna was an estate tax attorney for the Internal Revenue Service and also worked in private practice, specializing in estate planning and trust administration for ultrahigh net worth individuals.  She is also a member of the Trust and Estates Section of the California Lawyers Association and is involved with the Fiduciary Income Tax Section of the American Bar Association. Thank you for listening to Trust Me!Trust Me is Produced by Foley Marra StudiosEdited by Todd Gajdusek

Actor and radio personality Casey Kasem occupied a singular place in American popular culture. As he counted down the hits for the week via his show, American Top 40, he was also doing something else that was decidedly more important — providing a sense of consistency that we could all rely on. World affairs might rattle us, and the financial markets volatility might worry us, but regardless of what else was transpiring in the world, we could always count on Casey to entertain us with his one-of-a-kind voice, and all would still seem more or less normal. Unfortunately, the final chapter of Casey's own life was anything but ordinary. In 2013, one of Casey's daughters from his first marriage announced that he had been living with Parkinson's for six years. However, the diagnosis was later changed to Lewy Body Dementia. Not long after, Casey's three adult children assembled in front of his house to publicly complain that Jean Kasem — Casey's wife of 30 years — was intentionally keeping them from their now-incapacitated father. Things only got more vitriolic and combative, with circumstances pitting Jean Kasem and her reckless and duplicitous behavior against Casey's three older children. Join Kirsten Howe and associate attorney Madison Gunn as they examine the circumstances surrounding Casey Kasem's much-publicized and most unusual passing. We're not using the term “unusual” loosely here, as several aspects thoroughly separate this case from the estate planning disputes we often see. This conflict didn't stem from haphazard estate planning, nor was money the source of discord for this blended family. This altercation was centered almost entirely on how Casey's health care should be administered. Kirsten and Madison will also look at some new California healthcare legislation — Sections 4711 and 4712 of the California Probate Code and analyze what, if any, difference it might have made had it been in effect while Casey's unfortunate saga was playing out. In this episode, we're going to discuss: How even a well-thought-out, comprehensive health care directive and a court-appointed conservatorship can be rendered ineffectual when an involved party chooses to blatantly disregard them. Why doctors are inclined to seek authority to treat their incapacitated patients and not pursue the whereabouts of advance health care directives unless those documents are brought to their attention? Why proper communication is the most overlooked aspect of estate planning. Why Casey's decision to list his daughter Kerri, and not his wife Jean, as his agent on his health care directive might have reflected his concerns about how Jean might handle such authority. And much more. Don't miss this episode as we highlight some important legal wisdom that could have alleviated the conflict in this estate plan that you should be aware of for your own planning.

Host Brian Harte and co-host Adam Eltarhoni talk with Chris Hanks in the third part of the three-part series on Trust Accounts.  Today we will discuss investing in Irrevocable Trust and the different variations available.  Support the show

Can the widow change an irrevocable trust? If you have questions about this or anything else related to probate, and you want to talk with us, over the phone, for free, just go to https://cmslawfirm.com and set up a time to chat. #estateplanningattorney #probatelawyer #family #money #medicaid #estatetaxes #wealth #kids #taxes #realestate

On this show we talk about risk mitigation from super simple to super complex. This is a good one!

On this episode, join Partners Erin Nicholls and Michael Clear as they discuss mechanisms we have at our disposal to “fix” an irrevocable trust. The use of decanting, which is traditionally thought of as moving all the assets of one trust to a new trust, is one such mechanism. With the adoption of the Uniform Trust Code in the majority of US States, Erin and Michael contrast the use of common law and statutory decanting, and highlight some of the requirements and issues with both approaches. For example, the situs of an irrevocable trust may need to move to a different jurisdiction. Although decanting is often relied upon to fix an irrevocable trust, there are potentially serious tax implications if not handled carefully. Fortunately, there may be other mechanisms available – stay tuned for our next episode on alternate ways to “fix” an irrevocable trust.

Ever since the mid-'50s, when “That's Alright Mama” hit the airwaves and marked his rise to stardom, Elvis Presley has been lauded as one of the most galvanizing figures in the history of popular music. He became a household name as quickly as anyone ever had in his pre-social media time and would go on to have an incredible 149 songs make the Billboard Top 100 Pop Chart. He would also become the ultimate Las Vegas fixture — the prototype creator of what is now known today as the “Las Vegas Residency.” Sold-out concerts, hit songs, packed theatres. Elvis generated a LOT of money. And, if you'd conclude that Elvis's own share of this revenue led to a lavish lifestyle that very few other entertainers matched before or since, you would, of course, be right. But we're also familiar with the cautionary tale that came with Elvis's fame and fortune. When he died in 1977, he left behind an estate valued at around $5 million — a surprisingly small sum, considering his accomplishments. With Lisa Marie Presley's recent unfortunate and untimely death, the Presley estate is back in the news. A closer examination of this estate will reveal that fueled by a series of interesting planning decisions over the years since Elvis's death — some very questionable, but a few surprisingly wise — it has gone through a series of dramatic twists and turns that, in a way seem befitting of such a storied and larger than life public figure. But this financial saga holds far more than the unfortunate tabloid “car crash” appeal that seemed to follow the Presley name after his passing. There are also plenty of teachable moments included in this story! Join us for the latest episode of Absolute Trust Talk as Kirsten Howe and associate attorney, Madison Gunn, examine the Presley approach to estate planning over the years and detail the various decisions that have led to its current state. In this episode, we're going to discuss: Elvis's seemingly unusual method for organizing his estate The broad language contained in his testamentary trust that showed Elvis's concern for his family The tremendous amount of latitude that Vernon Presley — Elvis's father and his original trustee — was given. This latitude would lead to a dramatic change upon Vernon's own death Just how dramatically the new trustee's wise moves reversed the Presley estate's seemingly bleak future. Why, considering her state in life, coming into control of a vast fortune created a terrible situation for Lisa Marie How, in the days after Lisa Marie's death, poor planning and questionable motives combined to create a plethora of litigation And more. Don't miss this latest episode of Absolute Trust Talk as Kirsten and Madison chronicle the history of this estate, and share some legal wisdom that could have significantly alleviated the conflicts and fluctuations it has seen over the years. We hope you'll walk away with insights on what you should or shouldn't do in your own estate planning.

Summary notes: In this episode Alison and Phillip provide tips for financial advisors to know for their clients and for clients to ask their financial advisor about. These tips include understanding the tax implications of any investment or strategy, keeping up with tax law changes, understanding the types of investments and deductions available, the advantages of using a Roth IRA for retirement planning, importance of setting up a 401(k) for business owners, and planning ahead for any changes in income. They also discuss the importance of keeping accurate records of income, investments, and deductions. Around estate planning Alison and Phillip discussed the fact that retirees might want to understand the tax impact of their legacy money so that beneficiaries don't face any surprise tax bills upon receiving the inheritance.  The discussion brought in the idea of a backdoor Roth contribution and a few other ideas.  Lastly, the conversation discussed the idea of maximizing deductions by bunching charitable contributions into one year, with the donor advised fund being the suggested method for having the biggest impact on charities of choice. Timestamps 0:01:43 Discussion on Converting Traditional IRA to Roth IRA 0:03:40 Exploring Tax Strategies for Retirement: A Conversation with a Financial Advisor 0:10:11 Charitable Giving Strategies for 2023 0:12:19 Maximizing the Gift: Utilizing an Irrevocable Trust to Provide Tax-Free Benefits to Your Children 0:14:09 Financial Planning Strategies for Leaving a Legacy   Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.   Powered by ReiffMartin CPA and Stone Hill Wealth Management https://www.reiffmartincpa.com/   https://stonehillwealthmanagement.com/

Ever open a closet drawer only to discover something from your past that's long since been rendered obsolete? More often than not, this obsolescence comes by virtue of outdated technology — or, in the case of clothing, because of a shift in what's considered fashionable. Think VHS players, a Sony Walkman . . .  parachute pants. While you probably wouldn't expect to find any such relics within the realm of estate planning, they might just exist there too. If you're married, an excellent case in point is the AB trust you've been holding onto for quite some time — maybe without even knowing it. And like those archaic electronic devices or that “of its time” fashion, it may be time to kick it to the curb. At one time, AB Trusts were very common. They harnessed a specifically designed structure to minimize exposure to the California estate tax laws that included a surprisingly low exemption — as low as $1 million dollars. So, if a couple had a worth of $2 million and one spouse died, the remaining spouse was often saddled with a substantial estate tax liability. But, in 2013, those estate tax laws changed dramatically. That exemption mentioned above was bumped up by a multiple of more than 12 times — meaning that it now shielded a far greater number of estates from estate tax liability and, for many couples, also rendered their AB Trust obsolete. Are you one of these couples? Tune into the latest episode of Absolute Trust Talk to find out. Kirsten Howe and associate attorney, Madison Gunn, will take a close look at AB Trusts, including the reasons why they became such a “go-to” strategy for so many married couples, why this type of trust can be more trouble than they're worth for some, and how they still offer specific protection that may make them invaluable for a few others. In this episode, we're going to discuss: Why AB Trusts were often the perfect fit for married couples based on the estate tax laws in place about a decade ago. How the AB Trust got its name — including Kirsten's take on the trust's naming origin. The specific requirements of an AB Trust. These requirements entail a considerable amount of legal and accounting work at a certain point, and extra costs come with that. The primary consideration that must be made to determine whether or not an AB Trust is still the best option for you. Some scenarios that can play out in the absence of an AB trust. These scenarios may make an AB Trust your best option despite its requirements. Why, if you haven't updated your trust in the past decade, you should make an appointment with your trust attorney ASAP. And more. Despite those changes to California estate tax laws, many couples still retain an AB Trust that will profoundly impact how their estate is maintained in the event one spouse dies. It's our goal for you to walk away with a clear understanding of this sometimes misunderstood — and potentially outdated — estate tax strategy.

The Dash Trust Protectors come on the Dash Podcast for an update on one of the most unique governance institutions in the entire cryptocurrency space. Buy subscriber NFTs! https://wax.atomichub.io/explorer/collection/digitalcashn Useful links Pay bills with crypto: https://www.bitrefill.com/ Spend crypto almost anywhere: https://www.dashdirect.org/ Swap or stake crypto: https://thorswap.finance/ More swap options: https://swapspace.co?ref=2f0d7a40997b0b7558ebbbf0 Music from https://www.zapsplat.com --- Send in a voice message: https://podcasters.spotify.com/pod/show/digitalcashnetwork/message Support this podcast: https://podcasters.spotify.com/pod/show/digitalcashnetwork/support

How to run your biz in an irrevocable trust. -- I love comments. I make these videos specifically to help people with no expectations. Please take a second and say ‘Hi' in the comments and let me and know what you thought of the video… PS - It would mean the world to me if you hit the subscribe button.

Here is Frank Bruno's daily dose of elder law. Elder Law attorneys help their clients facing incapacity, paying for long-term care, or settling an estate. Find us on the web! For more information visits my website at https://www.frankbrunolaw.com Schedule a free telephone consultation on our Website at https://frankbrunolaw.apptoto.com// Say Hi on Social: Visit my Instagram page at https://www.instagram.com/frankbrunoesq/?hl=en Visit my Facebook page at https://www.facebook.com/LawOfficeofFrankBrunoJr/ Visit my Linkedin page at https://www.linkedin.com/in/frank-bruno-2aa14799/ Visit my Twitter page at https://twitter.com/_frankbrunolaw Website: https://www.frankbrunolaw.com What we do at our offices: Wills, Trusts, Estates, Powers of Attorney, Nursing Home Medicaid, Long Term Care Planning, Guardianship, Real Property transfers & Probate Frank Bruno, Jr. is an Elder Law and Special Needs lawyer with years of experience handling these types of cases. He is extremely active in the Queens, New York Community, the Queens County Bar Association, and New York State Bar Association and is frequently invited to speak at events about Elder Law. If you'd like to learn more about Elder Law, Medicaid planning, Guardianship, Special Needs Trusts, or Probate law contact the Law Office of Frank Bruno, Jr. today at 718-418-5000. Thank you for listening! Eldercare law is really an umbrella term encompassing multiple areas of law. Some elder care attorneys handle subjects that most people know something about, such as probate, guardianship, estate planning. Other eldercare lawyers focus their practice on other areas of law such as special needs planning, VA benefits planning, and Medicaid planning. So, what is Medicaid planning? Medicaid planning is a way to protect people's assets from the threat of long-term care expenses. Many clients are between 65 and 95, own their own homes, and have between $25,000 and $750,000 worth of assets in addition to the house. What many people don't realize is exactly how expensive long term care expenses can be – In 2020 the average costs of a skilled nursing facility, in New York is $14,250.00 per month. Someone can be solidly middle class or upper-middle class, have saved their whole life, and think that they'll have plenty of money for whatever happens only to suffer a stroke, major heart attack or get an Alzheimer's or Parkinson's diagnosis and need help with their activities of daily living. If they have this six-figure per year care expense, many people spend everything. Medicare does not pay skilled nursing home expenses after 100 days. An elder care attorney, who handles Medicaid planning, is able to legally and ethically protect people's assets to get them qualified for Medicaid. Medicaid, unlike Medicare, has excellent long-term care benefits. This helps them supplement their lifestyle with their own assets (to improve the quality of their life while alive) and make it more likely that they will have something to pass onto their heirs after they pass away. There are many myths and much misinformation surrounding long-term care Medicaid in New York. To learn more please visit... https://www.frankbrunolaw.com

When to create an irrevocable trust for a 4 year old. -- I love comments. I make these videos specifically to help people with no expectations. Please take a second and say ‘Hi' in the comments and let me and know what you thought of the video… PS - It would mean the world to me if you hit the subscribe button.

Monterey Wealth is excited to invite Guest Host Devin Phillips, Partner of Weener, Nathan, Phillips, LLP back to discuss the importance of creating and updating your Estate Plan. Devin touches on the basics and differences between Revocable vs. Irrevocable Trust as well as examples of when each Trust can be beneficial. For any question, please reach out to Monterey Wealth at http://montereywealth.com. For any legal advice or legal questions, contact Devin Phillips at https://www.wnpllp.com/ or email him at dphillips@wnpllp.com.

An irrevocable trust will not qualify you for Medicaid now. -- I love comments. I make these videos specifically to help people with no expectations. Please take a second and say ‘Hi' in the comments and let me and know what you thought of the video… and p.s. It would mean the world to me if you hit the subscribe button.

It is time that we embrace the changes with a heart of confidence and love knowing that all is working for our greater good. Be Encouraged --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Here is Frank Bruno's daily dose of elder law. Elder Law attorneys help their clients facing incapacity, paying for long-term care, or settling an estate. Find us on the web! For more information visits my website at https://www.frankbrunolaw.com Schedule a free telephone consultation on our Website at https://frankbrunolaw.apptoto.com// Say Hi on Social: Visit my Instagram page at https://www.instagram.com/frankbrunoesq/?hl=en Visit my Facebook page at https://www.facebook.com/LawOfficeofFrankBrunoJr/ Visit my Linkedin page at https://www.linkedin.com/in/frank-bruno-2aa14799/ Visit my Twitter page at https://twitter.com/_frankbrunolaw Website: https://www.frankbrunolaw.com What we do at our offices: Wills, Trusts, Estates, Powers of Attorney, Nursing Home Medicaid, Long Term Care Planning, Guardianship, Real Property transfers & Probate Frank Bruno, Jr. is an Elder Law and Special Needs lawyer with years of experience handling these types of cases. He is extremely active in the Queens, New York Community, the Queens County Bar Association, and New York State Bar Association and is frequently invited to speak at events about Elder Law. If you'd like to learn more about Elder Law, Medicaid planning, Guardianship, Special Needs Trusts, or Probate law contact the Law Office of Frank Bruno, Jr. today at 718-418-5000. Thank you for listening! Eldercare law is really an umbrella term encompassing multiple areas of law. Some elder care attorneys handle subjects that most people know something about, such as probate, guardianship, estate planning. Other eldercare lawyers focus their practice on other areas of law such as special needs planning, VA benefits planning, and Medicaid planning. So, what is Medicaid planning? Medicaid planning is a way to protect people's assets from the threat of long-term care expenses. Many clients are between 65 and 95, own their own homes, and have between $25,000 and $750,000 worth of assets in addition to the house. What many people don't realize is exactly how expensive long term care expenses can be – In 2020 the average costs of a skilled nursing facility, in New York is $14,250.00 per month. Someone can be solidly middle class or upper-middle class, have saved their whole life, and think that they'll have plenty of money for whatever happens only to suffer a stroke, major heart attack or get an Alzheimer's or Parkinson's diagnosis and need help with their activities of daily living. If they have this six-figure per year care expense, many people spend everything. Medicare does not pay skilled nursing home expenses after 100 days. An elder care attorney, who handles Medicaid planning, is able to legally and ethically protect people's assets to get them qualified for Medicaid. Medicaid, unlike Medicare, has excellent long-term care benefits. This helps them supplement their lifestyle with their own assets (to improve the quality of their life while alive) and make it more likely that they will have something to pass onto their heirs after they pass away. There are many myths and much misinformation surrounding long-term care Medicaid in New York. To learn more please visit... https://www.frankbrunolaw.com

What If There Was No Tomorrow? Would Your Family Be OK?We all hate to think about our death. That's normal. But not thinking about it could have some horrible consequences. On today's Inside BS Show, Dave Lorenzo discusses the importance of having an estate plan with Theresa Clancy. Terry had a life event that brought this issue into focus for her and now she is an evangelist for good estate planning.If you love your family, you cannot afford to miss this show. Chapters:00:00 Introduction to Why You Need an Estate Plan01:00 Terry Clancy's Story07:24 Don't Be a Happy Wanderer. Plan.08:05 What is the Probate Process?10:06 How Can You Avoid Probate?11:40 What is a Revocable or Living Trust?12:30 What is the Difference Between a Living Trust and an Irrevocable Trust?14:00 How Do You bring Up Estate Planning with Loved Ones?19:30 What Questions Should You Answer When Doing an Estate Plan?22:03 Is Estate Planning Different for Same Sex Couples?23:00 What is “The Birthday Book?”27:00 How DO We Coach People to Get Them to Give a Medical Directive?29:15 How Does Estate Planning Help with Asset Protection?31:00 Terry Does a Barefoot Contessa Cookoff!!!34:00 Who Should Worry about Estate Tax?Terry ClancyEstate Planning Attorney(708) 819-1580theresa.clancy@theresaclancylaw.comhttps://theresaclancylaw.com/About Theresa ClancyI make estate planning easy, efficient, and effective so you can check it off the to do list and feel protected for the unexpected. I have been doing estate planning since my husband had a heart attack. I am married with four children who are either attending college or have graduated college (yeah!). I am a big proponent of family dinner and I love cooking (I'm a Barefoot Contessa Cookbook Fan!).

I talk about this case as encouragement for you Elder Law Attorneys out there helping your clients and the State Medicaid authority says you are doing it wrong.  I used to think that "The State" was all knowing and if they said I did something wrong, then I must have been at fault.I quickly learned that they have an agenda and they may not know the rules a well as you do.  If you really know the rules, I'm going to say you know the rules better than most of them.  This podcast shows how the State of Minnesota tried to undo Federal Law in a Statute and the Commissioner was called out for trying to make a legitimate Irrevocable Trust that followed Federal Law a countable resource.  The Appellate Court called them out on it and it's beautiful.  This case should encourage you to fight the fight and not to back down if you know you are right and the State is wrong.

I talk about this case as encouragement for you Elder Law Attorneys out there helping your clients and the State Medicaid authority says you are doing it wrong.  I used to think that "The State" was all knowing and if they said I did something wrong, then I must have been at fault.I quickly learned that they have an agenda and they may not know the rules a well as you do.  If you really know the rules, I'm going to say you know the rules better than most of them.  This podcast shows how the State of Minnesota tried to undo Federal Law in a Statute and the Commissioner was called out for trying to make a legitimate Irrevocable Trust that followed Federal Law a countable resource.  The Appellate Court called them out on it and it's beautiful.  This case should encourage you to fight the fight and not to back down if you know you are right and the State is wrong.

To register for Jim's upcoming virtual event series for professors and university faculty go to https://paytaxeslater.com/webinarsIn this second clip from Jim's December 1 2021 virtual event series, Jim discusses how probate works, the good and the bad, and the choice of an executor and trustees.

It's an uncomfortable topic to discuss. At some level, we're thinking about death, and that's why our discussion today is about estate planning. Part of that process is to understand the differences between irrevocable and revocable trusts. In this episode, learn the information you need for success with estate planning while having an irrevocable trust. Notesong and Nathan of Thoughtful Wills, the estate planning practice Taylor and I used for our estate plan, share the knowledge we need to know. Ready to take the next step in your estate plan? Connect with Notesong and Nathan at www.financialresidency.com/tw To learn more — and try Deputy out for free — go to www.doctorpodcastnetwork.com/deputy

The tool that could save your home and money and qualify you for long term care benefits. Watch this short video on the Medicaid Asset Protection Trust.Schedule your FREE CONSULT today!Call for Free Consult:- Charlotte: 704-749-9244- Shelby: 704-259-7040- Hendersonville: 828-233-5991Online at: mcelderlaw.com.

Can I move assets in and out of an Irrevocable Trust? -- I love comments. I make these videos specifically to help people with no expectations. Please take a second and say ‘Hi' in the comments and let me and know what you thought of the video… and p.s. It would mean the world to me if you hit the subscribe button.

A Matter of Trust, hosted by Creative Planning attorneys Annie Rogers and Christina Knopke, is a thoughtful, informed discussion about ideas, trends and developments in estate planning. Our mission is to educate and inspire people to make better financial choices through knowledge, tools and strategies that ensure a more prosperous future.Important Legal Disclosure: http://bit.ly/2DC250bHave questions or topic suggestions? Email us @ podcasts@creativeplanning.com

A Matter of Trust, hosted by Creative Planning attorneys Annie Rogers and Christina Knopke, is a thoughtful, informed discussion about ideas, trends and developments in estate planning. Our mission is to educate and inspire people to make better financial choices through knowledge, tools and strategies that ensure a more prosperous future.Important Legal Disclosure: http://bit.ly/2DC250bHave questions or topic suggestions? Email us @ podcasts@creativeplanning.com

Josh Jalinski, The Financial Quarterback is joined by Katie L. S. Von Kohorn, a partner at Casner & Edwards, LLP, specializing in trusts & estates and exempt organizations. Her practice focuses on estate planning, estate and trust administration, charitable giving, and advising exempt organizations. Katie also serves as a trustee of numerous trusts, and she works extensively on the investment, tax, and legal aspects of trusts, as well as with the varied interests of trust beneficiaries. In this segment, Katie explains what an irrevocable living trust is and what it means for estate planning after you die. Listen to find out what Katie recommends you do. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

We at the cultural money this episode talking about the financial vehicles known as trust. And we have our trust expert Ms. Brittani Sade to talk to us about several mechanism of this dynamic financial concept. Learn about things like Probate, Revocable, and Irrevocable Trust and how this all can benefit yo it generational wealth journey.

Irrevocable trusts in Wisconsin enable beneficiaries to escape probate and various forms of taxes after the grantor passes away. Read the full article here: https://www.oflaherty-law.com/learn-about-law/irrevocable-trust-for-wisconsin-estate-tax O'Flaherty Law now serves over 105 counties across Illinois, Iowa, and Indiana. If you have any questions regarding a case or would like to speak to one of our attorneys after watching a #LearnAboutLaw video, give us a call at (630) 324-6666 or send us an email at info@oflaherty-law.com to get in contact with someone from our team.

Join our Shelby attorney, Brenton Begley, as he sits down and talks about an Irrevocable Trust! Call our office if we can help you or your family: 704-749-9244 or at mcelderlaw.com.

March 9, 2021 Reidsville City Council Meeting(Reidsville, NC) - Audio of the March 9, 2021 meeting of the Reidsville City Council. The meeting was held at Reidsville City Hall with remote participation.AGENDA1. Call to Order.2. Invocation by Reverend Kenny Houston, Pastor of First Baptist Church, 409 S. Main Street,Reidsville.3. Pledge of Allegiance.4. Proclamations & Recognitions:(A) Recognition of the City's Wastewater & Water Treatment Plants' staff for achieving 100%Operational Compliance for the Calendar Years 2019 and 2020.5. Approval of Consent Agenda.(A) Approval of the 2021 Council Retreat Minutes, the February 9, 2021 Regular MeetingMinutes, and the Open Session Minutes from the February 4, 2021, February 18, 2021Recessed and February 20, 2021 Reconvened Special Meetings.6. Public Hearings:(A) Consideration of a rezoning request for property bordering Barnes Street and Holiday Loop,specifically a portion of Rockingham County Parcel Nos. 174023Z1 and 174023Z2 fromResidential Agricultural-20 (RA-20) to Residential-12 (R-12). James Robert Stanfield andwife, Dee Ann Brown Stanfield, and The Houston W. Stanfield Jr. Irrevocable Trust areowners of the property, and TSH Acquisition, LLC submitted the application. (Z2021-01) - Donna Setliff, Community Development Manager(B) Consideration of a rezoning request for property located on Ware Street, specificallyRockingham County Parcel Nos. 143774, 143773, 143769 and 143775 from Residential-12(R-12) and Highway Business (HB) to Heavy Industrial (I-2). The City of Reidsville ownsthe properties and submitted the application. (Z2021-02) -- Donna Setliff,Community Development Manager7. CDBG Grants:(A) Consideration of Awarding CDBG-CV Grant Administration Services. -Chris Phillips, Interim City Manager(B) Consideration of Resolution By the City of Reidsville to Adopt CDBG Plans. - Chris Phillips, Interim City Manager8. Grants:(A) Consideration of Resolution to Apply for Industrial Development Fund Utility AccountFunds, Budget Ordinance Amendment No. 7 and Capital Project Ordinance Amendment. -- Chris Phillips, Interim City Manager(B) Consideration of Utility Reimbursement Grant for Residential Development and BudgetOrdinance Amendment No. 8. - Chris Phillips, Interim City Manager9. Reports:(A) Update on Water Treatment Plant issues during the recent ice storm event. -Chris Phillips, Interim City Manager10. Public Comments.11. City Manager's Report.(A) Month of March.12. Boards & Commissions Appointments:(A) March Appointments. 13. Council Members' Reports.14. Announcement of Boards & Commissions Appointments.15. Miscellaneous:(A) For Information Only.16. Adjourn.# # #

With rumors of eliminating the step-up in basis on property you should be concerned. We certainly are and have a solution that we would like to share with you. Should you wish to schedule a FREE consult please call: 704-749-9244 or online at: mcelderlaw.com.

Revocable Trusts are most common, but there are situations where an Irrevocable Trust is the way to go. When estate taxes are expected to be high, creating an irrevocable trust can help with the tax bill. Learn about other situations when you might choose this type of trust.   Connect with Financial Enhancement Group: Visit our Facebook page at www.Facebook.com/FinancialEnhancementGroup Join our Facebook Group at www.yourlifeafterwork.com/FinancialTidbits Visit our website at www.yourlifeafterwork.com   We would love to answer your questions on air! Call Angi at (800) 928-4001 or send them to TalkToFEG@yourlifeafterwork.com

Timeline of Anne Holding Up Conservatorship and Insurance (I copied this from the file folder I have called Anne McQueen Contempt in preparation for our upcoming 2020 lawsuit with her.  I pasted it here as the last date in the file was July 30, 2002.  It shows that I had to fight her in court for 3.5 years as of 7/30/2002 to get her to comply with what we had all agreed to on 12/4/1998.  As of 7/30/2002 she still had not complied.)    12/4/98 Stipulations (on how to divide the assets) agreed to by all 12/8/98 Anne's attorney Leroy Merkle faxes my attorney Craig Rothburd saying he's paid Anne 50k and paid himself but that they are holding up our documents and remaining funds because Anne won't authorize him to comply. 12/17/98 Stipulation ratified by the judge in 97-2001 1/20/99 I filed a motion for contempt against Anne for failure to comply 10/1/99 I state that I believe Anne has caused $22,626.40 in attorney fees just since 3/99 10/27/99 Anne is disputing only the charges against Gaschler & Thomas Cir. and hasn't even come up with the A/P (accounts payable) idea yet 12/2/99 We sent the deeds and assignments of mortgage to Anne for the 3rd time.  By this time she is asking for a hearing on the A/P 2/29/2000 Judge Sexton sustained our Objections to Merkle's erroneous report 5/19/2000 Order recorded on the above 7/26/2000 Case Management Conference 12/22/2000 The court granted my Motion for Turnover of Disputed Property 1/10/2001 My attorney, Rothburd wrote Anne's attorney Merkle, asking them to comply. 1/11/2001 Merkle turns over $10,790.83 but no deeds or assignments of mortgage from Anne. He's no longer her lawyer.  Joseph Fritz now is her attorney in the Wendy Williams suit against us. 3/19/2001 Anne's attorney quit and we had a hearing before Judge Sexton 6/13/2001 had to set a hearing on Motion to Compel Anne to comply and for sanctions against Merkle. 8/29/2001 had to set a hearing on Anne's objections to the General Master's Report 9/24/2001 Letter from my attorney Rothburd saying the girls' attorney Clifford Opp was still trying to craft the Irrevocable Trust for the Insurance proceeds that Anne would agree to. 10/22/2001 My attorney writes to Anne saying it's been a month since we wrote you last and we still need to deal with the Insurance Trust. 2/26/2002 Letter from my attorney, Rothburd to girls' attorney Opp asking if they were having any luck getting Anne to sign the Insurance Trust agreement. 4/30/2002 Anne's attorney Joseph Fritz writes my attorney Rothburd and says Anne's not happy with the Insurance Trust agreement 5/1/2002 My attorney Rothburd writes me saying Anne was still not signing. 7/30/2002 My attorney Rothburd writes me saying Anne was still not signing but he thinks she will soon.   I've been writing my story since I was able to write, but when the media goes to share it, they only choose the parts that fit their idea of what will generate views.  If I'm going to share my story, it should be the whole story.  The titles are the dates things happened. If you have any interest in who I really am please start at the beginning of this playlist: http://savethecats.org/   I know there will be people who take things out of context and try to use them to validate their own misconception, but you have access to the whole story.  My hope is that others will recognize themselves in my words and have the strength to do what is right for themselves and our shared planet.     You can help feed the cats at no cost to you using Amazon Smile! Visit BigCatRescue.org/Amazon-smile   You can see photos, videos and more, updated daily at BigCatRescue.org   Check out our main channel at YouTube.com/BigCatRescue   Music (if any) from Epidemic Sound (http://www.epidemicsound.com) This video is for entertainment purposes only and is my opinion.

Currently, inheriting real estate allows a step up in basis due to death. Is it wise to keep the rental properties, generate retirement income by this alternative asset class and worry about capital gains later? What if the step up in basis is abolished under new tax law? Is establishing a QPRT (qualified personal residence trust) a good idea? After inheriting property, should the beneficiary change their current estate plan or make one and consider their own Irrevocable Trust? When is an Irrevocable Living Trust best utilized? We cordially invite you to start your journey to tax-free wealth. Karen Scott Mims, ESQ. JOIN THE MAILING LIST: https://www.signup.taxsmarttaxzero.com/ (https://www.signup.taxsmarttaxzero.com) VISIT OUR WEBSITE: https://www.taxsmarttaxzero.com/ (https://www.TAXSMARTTAXZERO.com)

Today, Philip Board and Jon Gay cover estate planning.Who should worry about estate planning?Why do you need estate planning?How do I get a trust?What are the types of trusts out there?Revocable Living Trust vs Irrevocable?What do trusts do?What is probate? How can I avoid it?How much do trusts cost?What happens if I die without a trust?Ultimately, estate planning isn't about you - it's for the ones you care about. You want to make sure that they are in the best position possible - both financially and emotionally.Resources:1 on 1 Financial Website: https://www.1on1financial.com/Email 1 on 1 Financial: info@1on1ofinancial.comCall 1 on 1 Financial at 909-981-17201 on 1 Financial Facebook page: https://www.facebook.com/1on1f/

Need Medicaid? Here’s why an irrevocable trust is NOT the answer -- I love comments. I make these videos specifically to help people with no expectations. Please take a second and say ‘Hi’ in the comments and let me and know what you thought of the video… and p.s. It would mean the world to me if you hit the subscribe button.

In this episode, we give a brief overview of #revocable versus #irrevocabletrusts in Illinois and explain the judicial revocation of a trust based on consent or mistake in Illinois. Read more in the article at: https://www.oflaherty-law.com/learn-about-law/can-an-irrevocable-trust-still-be-revoked-with-consent-or-due-to-a-mistake There's no need to leave your home to receive #legalconsultations and #legalservices- Call or click to learn more about phone and videoconferencing with our attorneys. https://www.oflaherty-law.com/notice-on-the-coronavirus-oflaherty-law Have any questions that weren't answered here? Let us know in the comment section! Subscribe to BLTV for daily Learn About Law videos: www.youtube.com/channel/UCY4QhGg-zwgUIthoK3EdyjA If you are in the Illinois, Iowa or the Indiana area, and would like to make an appointment with an attorney, O'Flaherty Law would be happy to help. If you would like to schedule a free consultation or receive paid legal advice, go to: www.oflaherty-law.com or call our office directly at (630) 324-6666. SeizeYourBusiness.com is hosted by Bryan McDonald from OnPurpose Growth Website: www.onPurposeGrowth.com My LinkedIn: https://www.linkedin.com/in/mcdonaldbryan/ My Twitter: https://twitter.com/mcdonaldbryan Unlike other business-oriented podcasts, we will not give you “RA RA!” motivation. The purpose of this podcast is to provide you with actionable strategies and tactics that you can incorporate into your own business immediately. Every week, we will interview a successful business owner and plunge into the mind of our guest for specific lessons learned in the course of business. In the second half of each episode, we will have that business owner join us for an in-depth discussion of a particular topic apropos to his or her business, and hopefully to yours as well. Learn About Law is part of the Business Lounge Network, offering convenient and affordable office space in the Chicagoland area. Escape the noise of a crowded office or home and instead work in our professional and calm environment built to suit your business needs. For news on free events, membership offers and more, visit www.BusinessLoungeNetwork.com. Do you have marketing, editing or audio/video production needs for your business, podcast or website? Want to be a part of the BLTV network? Let us know what we can do for you by calling us at 630-324-6666 or by emailing us at david@businessloungenetwork.com. More Learn About Law videos, podcasts, and articles: www.learn-about-law.com Learn More about O'Flaherty Law: www.oflaherty-law.com Like us on Facebook for daily videos: www.facebook.com/oflahertylaw/ O'Flaherty Law has convenient offices located in Davenport Iowa serving Iowa and the Quad cities and in Downers Grove, Elmhurst, Naperville, Tinley Park, St. Charles, and Lake in the Hills, Illinois, serving DuPage County, Will County, Cook County, Lake County and McHenry County. Its attorneys focus on providing quality legal work, above-and-beyond customer service, and affordable rates in the following practice areas: divorce & family law; estate Planning, wills & trusts; probate & estate administration; litigation, civil law & dispute resolution; business representation & corporate law; guardianship, elder law & special needs law; residential & commercial real estate law; immigration; bankruptcy; and DUI law and traffic & criminal defense. None of the content in this series is intended as paid legal advice. Subscribe to our channel for daily videos dedicated to law and business. https://www.youtube.com/channel/UCY4QhGg-zwgUIthoK3EdyjA

Have you ever wondered if an irrevocable trust for Medicaid planning is something that you should explore? Elder Law Attorney Melissa O’Connor discusses why would such a trust might be appropriate and how such a trust works generally. If you want to learn more feel free to reach out for a strategy session. -- I love comments. I make these videos specifically to help people with no expectations. Please take a second and say ‘Hi’ in the comments and let me and know what you thought of the video… and p.s. It would mean the world to me if you hit the subscribe button.

In this episode of Journey into Finance, which is a continuation of Leave your Legacy Part 1, we continue speaking about trusts, estate planning, and wills. At the end of the episode, we will be like a fly on the wall and listen to a lecture on Irrevocable Trust and how to obtain Medicaid. Thanks for your support! --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/a-mothers-finance-journey/message

Did you know it’s possible to make a loan to an irrevocable trust? Many people don’t know it is, and even though conventional lending firms might say they do it, they don’t truly understand and often force the borrower to take the loan out of the trust – negating the benefit. Jim O’Dea, a broker associate with Redwood Mortgage, a private money lender, has been with Redwood for over 14 years and has over 40 years of commercial real estate experience. Jim has made the irrevocable trust loan transaction a niche of sorts and, at Redwood alone, has originated and closed over $150 million in loans. In today’s episode, Kirsten and Jim discuss why making loans to irrevocable trusts is such a difficult transaction, why it happens in the first place, how it is completed and why it is such a tremendous opportunity for families to take advantage of. This is an educational episode of Absolute Trust Talk not to be missed.  Top Takeaway From Episode #021: This type of loan transaction is a benefit, an opportunity, and an educational experience for many families, and many people don’t know that it’s out there as an option. Time-stamped Show Notes: 3:11 – Jim discusses why making loans to irrevocable trusts is such a difficult transaction 7:06 – Jim talks about a typical scenario in which clients are referred to him and his business 13:28 – Kirsten asks Jim to give an example of how the loan amount is calculated 24:21 – Kirsten asks Jim to share an example of tax benefits to the family doing the loan to an irrevocable trust 25:38 – Jim shares how he got into this specific loan business 28:40 – Why families often miss this loan opportunity 31:28 – Are there other opportunities to make loans to irrevocable trusts? 33:35 – Could this type of loan transaction take place if there is another type of property, other than the family home? Episode #021 Freebie: Excel Spreadsheet – Deriving Loan Amounts on Irrevocable Trusts Didn’t know that making loans to an irrevocable trust was possible, but it is. Absolute Trust Talk guest Jim O’Dea has helped many clients make this difficult loan transaction possible, and he’s ready to help get you started too. Jim has developed a special Excel spreadsheet that lends a hand in determining the potential loan on an irrevocable trust loan. In addition, it serves as a handy checklist, taking into account the many variables that could impact the loan amount. Click here to download your copy of this specially developed spreadsheet.

Tom explains what an Irrevocable Trust is, how it differs from a Revocable Trust, and how it might be used to avoid or minimize federal estate taxes, serve as an asset protection vehicle, or provide a tool for advanced Medicaid planning or Veterans Survivor's Benefits planning.

LEARN MORE: mcelderlaw.com/estateplanning TRUST PLANNING PART 2: Elder Law Report Unplugged - Trusts can be a great tool to avoid probate and protect assets. Trust are not for everyone, however. Is a trust right for you? Learn a bit about Trusts in this episode. LEARN MORE: mcelderlaw.com/estateplanning The 6th Episode of a 6 part educational series. #lawyergreg #theelderlawguy #estateplanning #medicaidcrisisplanning #vetbens #savingthefarm #hometownheroes #assetprotection

TRUST PLANNING: Elder Law Report Unplugged - Trusts can’t be a great tool to avoid probate and protect assets. Trust are not for everyone, however. Is a trust right for you? Learn a bit about trust in this episode. Click here to learn more: mcelderlaw.com/estateplanning

Ever wonder what are the differences between a revocable trust and an irrevocable trust? Listen to Chad Groover, elder law attorney from Upstate Elder Law, talk about the differences between a revocable and irrevocable trust on our latest podcast. Consider joining us at our next First Friday Networking at Noon event (FFN@N) to hear Chad […] The post What are the Differences between a Revocable and Irrevocable Trust appeared first on Intelligent Investing.

Tom explains what an Irrevocable Trust is, how it differs from a Revocable Trust, and how it might be used to avoid or minimize federal estate taxes, serve as an asset protection vehicle, or provide a tool for advanced Medicaid planning or Veterans Survivor's Benefits planning.

Most people put “buy more life insurance” on the very bottom of the “things that excite me” list. But if you’ve realized that life insurance is often the most cost effective answer to several very important problems, you have probably also heard talk of an irrevocable life insurance trust. If you’re the owner of a policy and the insured person under the policy, the proceeds will be part of your taxable estate. An ILIT (pronounced EYE-let) is viewed by some as a time-tested and IRS approved way to avoid this scenario and protect those proceeds from the estate tax. Join us this Tuesday to learn more on the Bottled Business Sense Show. Bill Bernard – WFBLegalConsulting.com bill@wfblegalconsulting.com 949.698.6222 Rick Moscoso – Captivate365.com rick@captivate365.com 949.667.1182 The Bottled Business Sense Show provides practical business perspectives that uniquely emphasize both legal and media marketing strategies that protect and insure the longevity of your business.

You can achieve a number of estate planning and tax benefits by creating certain types of irrevocable trusts.  Listen to this podcast with Heather G. Walser of Lavelle Law, Ltd. to find out how these trusts differ from revocable (or "Living") trusts, and how you might be able to benefit from them.

Sunday Morning Bro. Dan Kitchens preaches "Irrevocable Trust"

One of the best deals in college savings is also one of the least-used. You could be missing out on increased returns and reduced risk. Today's Stocks & Topics: Buying Strategies, BGS - B&G Foods Inc., VGHAX - Vanguard Health Care Fund, Irrevocable Trust, GLW - Corning Inc., MMM - 3M Co., Trade Deficit, MAA - Mid-America Apartment Communities Inc., International Investments, IBM - International Business Machines Corp., SSYS - Stratasys Ltd., Mortgage Rates.Support this podcast at — https://redcircle.com/investtalk-investment-in-stock-market-financial-planning/donations