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Ever wondered about the most effective ways to protect your home deed and navigate the often complex world of estate planning? Prepare to pull back the curtain on the realities of transferring property into your child's name, as we analyze the potential pitfalls of such a decision and the significant capital gains tax bill it could generate for your loved ones. In this engaging dialogue, we unpack the magic of a tool known as a Ladybird deed, or an enhanced life estate deed, that allows you to maintain control of your property and seamlessly transition it to a loved one upon passing, all while sidestepping the probate process. We also take an intriguing look at the look-back period for long-term care Medicaid, offering invaluable insights to guide your decision-making process. So, buckle up, and get ready for an enlightening journey through deed protection and estate planning.
Ready to conquer the complexities of probate? Join us in a riveting dialogue with our esteemed colleague, Wesley White, as we unravel the labyrinth of probate and estate planning. We promise to offer you valuable insights into why avoiding probate can save you from the headaches associated with the court system and creditors. Listen in as we share strategic ways to maximize your estate, minimize taxes, and ensure a smoother transition for your heirs.If you thought probate was a daunting task, prepare to transform your perspective! This episode is a treasure trove of guidance, shedding light on the critical role of seasoned attorneys in the probate process. We chat with experts like Wesley and others who help dispel the myths surrounding probate and make it more accessible. Beyond that, we reveal the importance of proactive planning to circumvent debt, creditor claims, and other potential hiccups that might put your estate's worth at risk. So, fasten your seatbelts as we embark on this enlightening journey into the world of probate and estate planning.
On today's Q&A show we discuss: 1:00 Should I do a Ladybird Deed on my Florida house? 14:27 How do I open a bank account in Canada? 36:11 Why should I set up a "family bank?" Enjoy! Joshua Join me on next week's Q&A show: https://patreon.com/radicalpersonalfinance Come to Panama with me in January! https://expatmoney.com/radical
How can the ladybird deed protect your home? Did you know that North Carolina has a special deed called a Ladybird Deed that allows you to name someone to receive your property automatically upon your passing? The Ladybird Deed also passes outside of probate and you remain one hundred percent in control of the property, meaning you can sell the property, mortgage the property, and more. Ryan Begley, Benefit's Specialist sits down with attorney Eric Baker to discuss the benefits of a ladybird deed and how you can use it to protect your home. #theelderlawguy #lawyergreg #estateplanning #savingthefarm #hometownheroes #medicaidcrisisplanning #insurance #realestate #assetprotection #assetplanning #financialplanning #longtermcareinsurance #retirement #retirementplanning #medicare #stocks #bonds #annuities
Listen to how ordinary people built extraordinary wealth - and how you can too. You'll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, and George Kamel.
What is a Ladybird Deed -- 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.
Michael Cohen the differences of the Ladybird Deed and Transfer on Death Deed and which one is better for your situation.
Education Spotlight. Home Protection with Deeds.Estate Planning & Elder Law Attorney, Brenton Begley gives a great education moment to our team and you on how to protect your home with deeds. Schedule your FREE consult today: 704-749-9244, or online at: mcelderlaw.com/freeconsult.https://youtu.be/tXb4E3ByjRk
Listen to Michael B. Cohen discuss the use of a Ladybird deed instead of a trust to avoid probate when the home was the main concern about transfer of title in the event of death prior to the sale.
Let’s talk about what it is and is it for you? Learn more. Call 704-259-7040 or online at mcelderlaw.com/estateplanning
12 Days of Elder Law! Love this little diddy from Hit Elder Law Recording Artist, The Elder Law Guy! So I really wanted to write this... It was lots of fun to film and fun time with the kids.#blessed #trust #veterans #planning #estateplanning #lawyer #estate #disability #va #medicaid #disabilities #longtermcare #trusts #wills #assetprotection #elderlaw #respite #veteransbenefits #lookbackperiod #veteranspension #livingwill #medicaidcrisisplanning #vapension #vabenefits #pension #lifeestatedeed #deed #serviceconnected #deeds #powerofattorney #healthcaredirectives #vetbens #declaration #declarations
Elder Law Report: Black Friday Thanksgiving Special!!!Stay tuned until the end for a special offer from The Elder Law Guy. The Holidays are a great time for families to talk about protecting the things and loved ones they are thankful for!#theelderlawguy#savingthefarm#hometownheroes#wills#will#estateplanning#elderlaw#assetprotection#lawyer#attorney#ladybirddeed#lifeestatedeed#powerofattorney#healthcare#poa#livingwill#declaration#healthcaredirectives#Estate#deed#planning#veteransbenefits#veteranspension#veteransdisability#vabenefits#vapension#vadisability#longtermcare#medicaid#longtermcaremedicaid
Tom explains the differences between Warranty Deeds and Quit Claim Deeds, recording requirements in Michigan, different ways to own real estate, and what a Ladybird Deed is.
Thinking differently is key to creating something new and special. It is key in working towards your goals. Planning is also a large part of what leads us every day one-step closer to our goals. Listen as we discuss the importance of thinking differently and planning and how it will help you protect your assets and legacy.