Podcasts about revocable living trust

3 Reasons to Have a Revocable Living Trust. Need estate planning or probate help? Click to set up your free consultation - https://cmslawfirm.com

In this episode, Dr. Preston Cherry breaks down estate planning trusts and why they matter for high-income and high-net-worth folks—not just the uber-wealthy. He explains three key types: Revocable Living Trusts, Irrevocable Life Insurance Trusts, and Charitable Remainder Trusts, showing how they help protect assets, reduce taxes, and ensure your wishes are honored.Key Points:• Avoid probate hassles• Stay in control (Revocable Trusts)• Reduce estate taxes (Irrevocable Trusts)• Support charities & save (Charitable Trusts)• Ensure asset protectionWant to learn more? Connect with us below!Stay informed and inspired! Join our FREE wealth & well-being newsletterDo you want confidence & clarity? Check out our award-winning wealth advice servicesGrab Your Copy of Dr. Cherry's book ‘Wealth In The Key of Life'Information on the Life Money Balance Podcast is for educational purposes only, not financial advice. Review our disclosures: https://www.concurrentfp.com/disclosures/

Annual fees and maintenance on a revocable living 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

How to fund a revocable living 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

Sometimes it is better to have a Will or sometimes it is better to have a Revocable Living Trust. The decision tree chart generally discusses situations when it is better to have one or the other (other factors are sometimes considered).

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. 

It's a common question - should I create a Revocable Living Trust or an Irrevocable Asset Protection Trust? Answer: Maybe both! Michele Procino-Wells, Esq. and Amber B. Woodland, Esq. are together in this episode to dispel a few myths about the use of trusts in Delaware. Their conversation uses a case study to illustrate how for most families, creating a trust (sometimes two!) is the perfect solution to meet their estate planning goals.

How much maintenance is required for a revocable living 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

Legacy planning is a personal and often avoided topic, but it is crucial to make decisions while you're still alive to avoid someone else making them for you. The state of South Carolina has a plan if you don't have one, which can put your loved ones in a difficult situation. Proper legacy planning involves checking beneficiaries, account types, considering a revocable living trust, managing non-qualified accounts, and planning for the sale of a business or property. Like what you hear? Get a second opinion today

Matt rejoins the podcast to talk about a first step toward estate planning: trusts. That may sound wonky or boring, but stay with us – not only do we make it geopolitical, we make it philosophical, interesting, and relevant. Come for the intersection of politics and planning, but stay for the important points about privacy at the end as well. --Timestamps:(00:00) - Intro(00:28) - Overview of Trusts and Geopolitical Context(02:59) - Historical Origins of Trusts(10:09) - Modern Trust Structures and Legal Nuances(15:33) - Revocable vs. Irrevocable Trusts(19:08) - Categories and Types of Trusts(29:12) - Understanding Revocable Trusts(29:34) - The Role of Trustees and Asset Protection(29:53) - Privatizing Decision Making with Trusts(30:41) - Irrevocable Trusts and Third-Party Trustees(32:31) - Who Needs a Revocable Living Trust?(33:38) - The Probate Process and Intestate Succession(35:32) - The Importance of Structured Estate Planning(38:16) - Advanced Estate Planning Strategies(41:13) - Demographics and Estate Planning(52:00) - The Impact of the Corporate Transparency Act(54:38) - The Importance of Privacy in Estate Planning(59:10) - Concluding Thoughts and Final Advice--Referenced in the Show:--Jacob Shapiro Site: jacobshapiro.comJacob Twitter: x.com/JacobShapCI Site: cognitive.investmentsSubscribe to the Newsletter: bit.ly/weekly-sitrep--Cognitive Investments is an investment advisory firm, founded in 2019 that provides clients with a nuanced array of financial planning, investment advisory and wealth management services. We aim to grow both our clients' material wealth (i.e. their existing financial assets) and their human wealth (i.e. their ability to make good strategic decisions for their business, family, and career).--Disclaimer: Cognitive Investments LLC (“Cognitive Investments”) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where Cognitive Investments and its representatives are properly licensed or exempt from licensure.The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult your attorney or tax advisorThis podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacyPodtrac - https://analytics.podtrac.com/privacy-policy-gdrp

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

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/

In this special 40-minute episode, of Financial Detox® Jason Labrum and Co-hosts Alex Klingensmith team up with Brian Raftery, a partner in Dentons' Trusts, Estates and Wealth Preservation practice and currently serves as co-leader of the US Region. Together, they tackle the ins and outs of estate planning with precision and expertise. Join the trio as they delve into the essential aspects of estate planning, uncovering common pitfalls and emphasizing the proactive approach needed for success. Brian sheds light on the importance of a revocable living trust and asset transfer strategies, providing listeners with invaluable insights. The discussion extends to the intricate realm of estate taxes, examining potential legislative changes and their implications for estate planning strategies. With a focus on California's unique landscape, they explore complex topics such as estate tax exemptions, foundational documents, and advanced techniques like spousal lifetime access trusts (SLATs). Additionally, the episode delves into sophisticated strategies like utilizing LLCs and discounting to optimize estate planning outcomes. 00:00 Introduction and Overview 02:14 Defining Estate Planning and Common Mistakes 05:19 The Importance of a Revocable Living Trust 07:31 Avoiding Probate and Ensuring Asset Distribution 10:22 Understanding Estate Taxes and Potential Changes 15:50 State-Specific Estate Tax Laws 19:35 Foundational Estate Planning Documents 21:38 Potential Changes to Estate Tax Exemptions 23:24 Spousal Lifetime Access Trusts (SLATs) 25:06 Utilizing SLATs for Estate Planning 31:41 Maximizing Estate Tax Benefits with LLCs and Discounting 39:05 The Importance of a Comprehensive Estate Planning Team More on Financial Detox Buy the Book Subscribe and view episodes on Youtube Follow and learn more about our IDA Wealth Advisers:  Website Linkedin Instagram Facebook Youtube More on our guest Brian E. Raftery is a partner in Dentons' Trusts, Estates and Wealth Preservation practice and currently serves as co-leader of the US Region. He is also the global co-leader of the Dentons Family Office and High Net Worth sector which provides cross-practice services to family offices and high net worth individuals. He was also awarded Best Lawyers in America, Trusts and Estates in 2020-2024. #markets #financialplanning #financialdetox #Idawealthadvisers #estateplanning #revocablelivingtrust #assets #SLATs #sunsettax #gifttax #clifftax #californiaestatetax #tax #TCGA #trust        ___________________________ Disclosures

Can you take real estate out of a revocable living 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!

Where to store your revocable living 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!

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.

In this 2-minute episode Brian discusses what a revocable living trust is and how it's used. 

What happens if you sell something in a revocable living 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!

In this 2-minute episode Brian discusses a revocable living trust and how it is used. 

I am a Federal retiree and fine with Thrift Savings Plan (TSP) and Federal Employees Group Life Insurance (FEGLI) standard order of precedence beneficiary assignments being spouse, then children in equal shares. I understand this order of precedence is followed when no beneficiary forms are on file. I have not submitted any beneficiary forms.  Are there any advantages/disadvantages of filling out beneficiary designation forms to restate this assignment? What are the advantages/disadvantages to naming my Revocable Living Trust (husband and wife) as beneficiary? https://bit.ly/3r7E0d9

What happens if you sell a home in a revocable living 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!

A revocable living trust does NOT provide asset protection. 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

Three reasons you need a revocable living 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

Does a revocable living trust give you asset protection? 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

What do you need to know about any advantages/disadvantages of filling out beneficiary designation forms to restate this assignment? And what are the advantages/disadvantages to naming my Revocable Living Trust (husband and wife) as beneficiary? https://bit.ly/3CG4hS6

The most well known end of life estate planning document is the Last Will and Testament. Michele Procino-Wells and Amber B. Woodland are together to discuss this common document and how our wishes for our personal possessions can be addressed within our overall plan. Don't miss this foundational knowledge, and then refer to our Revocable Living Trust episode in follow up.

What is a revocable living trust?https://corteslawfirm.com/what-is-a-revocable-trust/Download our ESTATE PLANNING STRATEGIES TO PROTECT YOU AND YOUR FAMILY  https://geni.us/strategies  https://corteslawfirm.com/estateplanning/Estate Planning for Dummies https://amzn.to/2NNXak7 Aging in the Right Place https://amzn.to/2ZvYavY Estate Planning Basics Ninth Edition https://amzn.to/3s5ZJgm Estate & Trust Administration For Dummies https://amzn.to/3dvLpcZFind us on SUPER LAWYERSFind us on TikTokFind us on FacebookFind us on InstagramDirections on Google MapsVideos on YouTubeFind us on YELPFind us on TwitterFind us on AVVOCortes Law Firm5801 Broadway Extension Hwy Suite 110Oklahoma City, OK, 73118405-213-0856

In this episode of Mastering Your Financial Life, Judy Heft interviews Allison Dolzani, a partner at Julie Kessler LLP. A boutique law firm dedicated to trusts and estates since 1946, Julie Kessler LLP offers estate planning solutions designed to maximize estate, gift, income, and generation-skipping tax efficiency. ​ Tune into the episode to learn: When to consult an estate planning attorney The reasons a couple may want to consider a pre-nuptial or post-nuptial agreement The types of clients Allison and her firm generally service The differences between a Will a Revocable Living Trust and why Allison recommends one over the over Allison specializes in estate planning, estate administration and Surrogate's Court practice. She represents both domestic and international individuals and multigenerational families in sophisticated estate planning, with an emphasis on minimizing the impact of gift, estate, generation-skipping transfer and income taxes. Connect with and learn more about Allison Dolzani: Connect with Allison Dolzani on LinkedIn: https://www.linkedin.com/in/allison-e-dolzani-esq-29365080 Visit Allison's business website: https://www.jandklaw.com/ Email Allison: adolzani@jandklaw.com In each episode of Mastering Your Financial Life, Judy Heft interviews professionals who help others successfully manage their financial lives. Judy is a Financial and Lifestyle Concierge and Founder & CEO of Judith Heft & Associates. Connect with Judy Heft on LinkedIn: https://www.linkedin.com/in/judyheft/ Visit Judith Heft & Associates' Website: http://www.judithheft.com/ Subscribe to Mastering Your Financial Life on Apple podcast: https://podcasts.apple.com/us/podcast/mastering-your-financial-life/id1628822980 Don't miss a video by subscribing to Judith Heft & Associates' YouTube Channel: https://www.youtube.com/channel/UCxnWUm35dJhmCX0XPX_eZhQ

As we've spoken about before, Anthony can be your professional executor, even if you don't live in New York. We have been seeing many inquires from out of state lately, and these are the top 5 looking for Anthony to be their professional executor. We are located in New York, so we are not including New York inquiries on this list. While this isn't a scientific study, this is what we are seeing based on our daily calls. Georgia First on the list, much to our surprise, is Georgia. Maybe because it is retirement friendly, which we have learned that it is. There is low sales tax, no inheritance tax, low income tax, real estate is “more bang for your buck” compared to other states, and it's warm and super friendly. Although it is retirement friendly, we aren't seeing that there is a large network of professional executors there. It works out for Anthony, since he spends most summers in Atlanta and is very familiar with Georgia. New Jersey This is less of a surprise, as it's right across the river. We've found that a lot of New Jersey folks seek out New York professionals, thinking they will get a “city caliber” professional. It doesn't matter where your executor lives, the fee is set by New Jersey state law. So, whether it's a professional executor or a non-professional such as your nephew, they will get paid exactly the same. So, you may as well get the most for your money. And for Anthony, he's in New Jersey often, so this is fairly easy for him. Texas Third on our list is Texas, and we don't really have an explanation for this one. Perhaps, like Georgia, maybe it's a good place for retirement. Again, while searching online, we are not many professional executors. But why Anthony? The only thing Anthony can think of is that in real life, he tends to get along well with Texans. Maybe the viewers and listeners sense that and want to work with him? After all, a professional executor is someone you will work together with, at least annually, so you should definitely have a good rapport. This state also works for Anthony, because he does travel to Texas often. California Fourth, and possibly the most surprising is California. It's far from New York and on paper, it doesn't seem like a good fit. California even as a fairly robust local professional fiduciary industry. They even have a certification and a trade association for professional executors. But for whatever reason (maybe the requirement of upfront fees by CA executors), clients want Anthony all the way in New York. Believe us, he is happy to serve in California – he loves it there! Florida Last, but not least is Florida, and this makes the most sense. It's a huge retirement state. However, for legal reasons, serving as a professional executor is problematic. Anthony can't actually not serve as a professional executor in Florida, because he doesn't live there. Only blood relatives may be out of state executors. But there are ways to deal with this. Anthony can be a nonresident Trustee for a Revocable Living Trust. Trusts are becoming very common in Florida to avoid probate. Clients who want to work with Anthony find this trustee workaround a great option. And again, he has no problem traveling to sunny, warm Florida, which he does often. If you want to find out what is required of an executor, I suggest reading Anthony's book, “How to Hire an Executor.” Request your free consultation  

Today Sara and Todd talk about a very common misconception that people have about their Revocable Living Trust; does it protect me from Medicaid.  The short answer is "no" but there's more to it than that and also, is it the end of the world if it doesn't?  Again, the answer is "no".Today they talk about why the RLT doesn't work, what does work and what to do if you don't qualify.  It's a quicker episode with lots of good information.Information to help you answer all of your questions about aging.

For many people, the goal in life is to have enough wealth that you can pass it on to people or organizations you care most about, and your advisor should be a key partner in helping you with that estate planning. However, not every financial professional is equipped to help you secure your legacy and give you that peace of mind. In this episode, Laura Stover, RFC® and Michael Wallin, CFP® will discuss the importance of estate planning and how to ensure your financial advisor is qualified to guide you through the process. Listen to their insights on the consequences of neglecting non-probate assets, the advantages of using a revocable living trust for your IRA, and how to determine the right trust structure for your unique situation. There's a lot of great information online to help guide you through this process but if you truly want protection for your estate, you need to make sure you have correct verbiage about how assets go in and when/if they can come out in the future and that's the role professionals play. Our goal is to help you build a plan that's effective and efficient, and we'll share how the LifeArcPlan is designed to help us do that. Redefining Wealth® Custom Blueprint Income Plan: https://redefiningwealth.info/schedule/ Rate, Review and Subscribe to the Podcast: https://podcasts.apple.com/us/podcast/retirement-talk-podcast-with-laura-stover/id571347188   How to Connect: redefiningwealth.info lswealthmanagement.com Schedule a Review: https://redefiningwealth.info/schedule/   Timestamps (show notes): 4:37 – Why the structure of an inheritance is so important. 8:28 – If you receive an inheritance, how do you approach that extra income from a tax standpoint? 12:19 – The benefits of putting a trust in place. 17:54 – Understanding the importance of beneficiaries. 22:32 – The different type of trusts and how they're structured.  

This episode was recorded on March 10th 2023.Follow me on Twitter @privacypodShow Links:Stalkerware: https://www.theregister.com/2023/02/07/stalkerware_developer_fined/IntelTechniques (List of People Search Sites): https://inteltechniques.com/workbook.htmlThis week's privacy tips:1. Privacy check-up / opt-out from people search sites2. Establish a Revocable Living Trust. Be sure to hire an estate planning attorney.3. Custom domains with Namecheap and add privacy.4. Setup a private mailbox with UPS.5. Use Privacy.com for virtual payment cards.6. MySudo virtual phone numbers. Stop being tracked, and avoid SIM swap attacks!7. Use SimpleMobile or Mint for a pre-paid cellphone option.Not Sponsors:https://www.privacy.com/https://mysudo.com/https://www.namecheap.com/Intro music: The Lockdown“Who controls the past controls the future. Who controls the present controls the past.” - 1984 by George Orwell

Revocable living trust does NOT provide asset protection. -- 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.

On this episode of Finance In A Flash, we continue our series on Estate Planning by discussing Revocable Living Trusts. Chip and John discuss key components of a Revocable Living Trust including:  the primary purposes, how they are handled from a tax perspective, and other reasons to consider this estate planning tool!

The Bible tells us that only God sees the future, but it also says we should prepare for it. Does that include churches? The short answer is yes. Churches need to have an emergency fund just like individuals. In today's Faith and Finance Rob discusses exactly what that looks like. COVID caused a dramatic drop in church attendance and giving. If there was a silver lining, it was that the pandemic removed any doubt that churches need to have cash reserves. But the question remains, How much? The Evangelical Council for Financial Accountability covers this in a great article, Church Cash Reserves: How Much Is Enough? Let's start with why a church emergency fund is so important. Just like with your personal finances, churches need a cushion to ensure that routine expenses are paid on time. Without it, they run the risk of getting hit with late fees. If there's a mortgage on the property, churches need at least a few months' worth of payments stored up to avoid foreclosure if giving suddenly drops. Why would that happen? Well, just one example - it's a sad fact that churches split, and if half the members leave, a church could soon be facing financial calamity. Also, no one wants to have to take a special offering to replace a worn out heating or cooling unit. Or have to start at zero if the church decides to launch a new ministry. So there are plenty of reasons why a cash reserve is essential for a church. The same scriptures that apply to individuals apply to churches. Proverbs 6, Go to the ant, you sluggard; consider its ways and be wise! It has no commander, no overseer or ruler, yet it stores its provisions in summer and gathers its food at harvest." Also Proverbs 21, The wise store up choice food and olive oil, but fools gulp theirs down. Let's say a church has a healthy cash reserve. The work doesn't stop there. Planning and wise management of that fund are necessary because there will always be pressures within the church about how it should be used. Should some of it go toward paying down debt early? Or to be more generous with the staff? Or to start new programs? This leads us back to the original question: How much is enough for a church's cash reserve? And just how do they come up with that number? Here there are two very different schools of thought. One says the church should have almost nothing in reserve, trusting in God, instead. The other says a church should have an entire year or more's worth of operating expenses in the bank. The correct answer is likely somewhere in the middle, and each church, with its leadership, has to decide what's best. What guides that process? Members need to understand that having a cash reserve is simply the faithful administration of God's resources. This honors God, and the church has to make it a priority, because it represents Christ in the world. Next, it's important to build up the reserve during the good times, especially when the church is growing. It should be part of the budget process - building a cash reserve as giving increases. A church can do that in two ways. One is to budget next year's revenue at, for example, 90% of this year's, or by simply putting a line in the budget for Additions to Cash Reserves. Whichever way a church does this, it's important to separate the reserve money from designated funds. In the event of a revenue shortfall, a church shouldn't be tempted to pay the mortgage with money specifically mandated for something else. And speaking of the mortgage, it's wise to keep mortgage reserves above what the lender might require. It's also important to be specific with cash reserve goals - things like servicing debt, capital replacement and ministry expansion. Also, for any of this to work, leadership needs to communicate the importance of having cash reserves to the congregation. It doesn't show a lack of faith - it's simply good stewardship. Properly communicating clear, specific goals and the progress made toward them might even inspire more faithful giving. And finally, leadership can challenge the congregation along the way to meeting a church's cash reserve goals. Malachi 3:10 comes to mind. It reads, Bring the full tithe into the storehouse, that there may be food in my house. And thereby put me to the test, says the Lord of hosts, if I will not open the windows of heaven for you and pour down for you a blessing until there is no more need. On this program, Rob also answers listener questions: What should you do with $57,000 in an old 401k if you are 58, $38,000 remaining on your mortgage, and you and your husband are employed full time. Should you buy or rent if you are a 73-year-old widow who recently moved to Tampa and are having second thoughts about having purchased a villa that is currently undergoing renovations? What are the benefits and potential costs of establishing a Revocable Living Trust and Medicaid Asset Protection Trust if you and your wife are recently retired and needing to update your estate plan? Should you pay off your mortgage if it would use most of your emergency reserves but then plan to replenish your savings? RESOURCES MENTIONED ON THIS SHOW: http://www.ecfa.org/Documents/Church_Cash_Reserves_(TCN%20Insight)_CHURCH.pdf Remember, you can call in to ask your questions most days at (800) 525-7000 or visit our website at FaithFi.com where you can join the FaithFi Community, and download the free FaithFi app. To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

What is the downside to a revocable living trust? Are there any downsides? This is a question many people have asked me, and you may have wondered yourself. Listen to learn what my opinion is about the potential downside. -- I love helping people and make these podcasts to help non-lawyers learn a little more about legal concepts. I'd appreciate it if you take a second to let me know what you thought of the podcast and if you learned something, please hit the subscribe button, rate and review! It helps other people access the podcast too. -- If you want to talk more about estate planning: https://www.amandarochalaw.com/click-estate-planning If you want to talk more about probate: https://www.amandarochalaw.com/click-probate -- Estate Planning and Probate is all we do. If you want someone who is honest, diligent, and compassionate, you've come to the right place. Amanda Rocha is the owner of Law Office of Amanda L. Rocha. She created it with one goal - help YOU live a great life and leave a great legacy. You'll find information here on 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. -- Instagram = https://www.instagram.com/amandarochalaw Facebook = https://www.facebook.com/amandarochalaw *Attorney advertising. For educational purposes; no guarantees are made with this video or text.

The Bible tells us that only God sees the future, but it also says we should prepare for it. Does that include churches? The short answer is yes. Churches need to have an emergency fund just like individuals. In today's Faith and Finance Rob discusses exactly what that looks like. COVID caused a dramatic drop in church attendance and giving. If there was a silver lining, it was that the pandemic removed any doubt that churches need to have cash reserves. But the question remains, How much? The Evangelical Council for Financial Accountability covers this in a great article, Church Cash Reserves: How Much Is Enough? Let's start with why a church emergency fund is so important. Just like with your personal finances, churches need a cushion to ensure that routine expenses are paid on time. Without it, they run the risk of getting hit with late fees. If there's a mortgage on the property, churches need at least a few months' worth of payments stored up to avoid foreclosure if giving suddenly drops. Why would that happen? Well, just one example - it's a sad fact that churches split, and if half the members leave, a church could soon be facing financial calamity. Also, no one wants to have to take a special offering to replace a worn out heating or cooling unit. Or have to start at zero if the church decides to launch a new ministry. So there are plenty of reasons why a cash reserve is essential for a church. The same scriptures that apply to individuals apply to churches. Proverbs 6, Go to the ant, you sluggard; consider its ways and be wise! It has no commander, no overseer or ruler, yet it stores its provisions in summer and gathers its food at harvest." Also Proverbs 21, The wise store up choice food and olive oil, but fools gulp theirs down. Let's say a church has a healthy cash reserve. The work doesn't stop there. Planning and wise management of that fund are necessary because there will always be pressures within the church about how it should be used. Should some of it go toward paying down debt early? Or to be more generous with the staff? Or to start new programs? This leads us back to the original question: How much is enough for a church's cash reserve? And just how do they come up with that number? Here there are two very different schools of thought. One says the church should have almost nothing in reserve, trusting in God, instead. The other says a church should have an entire year or more's worth of operating expenses in the bank. The correct answer is likely somewhere in the middle, and each church, with its leadership, has to decide what's best. What guides that process? Members need to understand that having a cash reserve is simply the faithful administration of God's resources. This honors God, and the church has to make it a priority, because it represents Christ in the world. Next, it's important to build up the reserve during the good times, especially when the church is growing. It should be part of the budget process - building a cash reserve as giving increases. A church can do that in two ways. One is to budget next year's revenue at, for example, 90% of this year's, or by simply putting a line in the budget for Additions to Cash Reserves. Whichever way a church does this, it's important to separate the reserve money from designated funds. In the event of a revenue shortfall, a church shouldn't be tempted to pay the mortgage with money specifically mandated for something else. And speaking of the mortgage, it's wise to keep mortgage reserves above what the lender might require. It's also important to be specific with cash reserve goals - things like servicing debt, capital replacement and ministry expansion. Also, for any of this to work, leadership needs to communicate the importance of having cash reserves to the congregation. It doesn't show a lack of faith - it's simply good stewardship. Properly communicating clear, specific goals and the progress made toward them might even inspire more faithful giving. And finally, leadership can challenge the congregation along the way to meeting a church's cash reserve goals. Malachi 3:10 comes to mind. It reads, Bring the full tithe into the storehouse, that there may be food in my house. And thereby put me to the test, says the Lord of hosts, if I will not open the windows of heaven for you and pour down for you a blessing until there is no more need. On this program, Rob also answers listener questions: What should you do with $57,000 in an old 401k if you are 58, $38,000 remaining on your mortgage, and you and your husband are employed full time. Should you buy or rent if you are a 73 year old widow who recently moved to Tampa and are having second thoughts about having purchased a villa that is currently undergoing renovations? What are the benefits and potential costs of establishing a Revocable Living Trust and Medicaid Asset Protection Trust if you and your wife are recently retired and needing to update your estate plan? Should you pay off your mortgage if it would use most of your emergency reserves but then plan to replenish your savings? RESOURCES MENTIONED ON THIS SHOW: http://www.ecfa.org/Documents/Church_Cash_Reserves_(TCN%20Insight)_CHURCH.pdf Remember, you can call in to ask your questions most days at (800) 525-7000 or visit our website at FaithFi.com where you can join the FaithFi Community, and download the free FaithFi app. To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

There is no such thing as fair distributions. -- 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.

Huge revocable living trust mistakes. -- 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.

Muestra invitada Miriam Toro te comparte cómo puedes sacarle provecho a tu corporación al crear tu Living Trust y tu Plan de Retiro adecuadamente, haciendo uso adecuado de tu corporación. Aquí el tiempo y la información valen oro. Lo que vas a escuchara va a cambiar como ves tu futuro y verás como dejar un legado a tu familia.

Revocable living trust maintenance -- 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.

#62: Estate Planning experts Patrick Hicks from Trust & Will and Mani Mahadevan from Valur join me to discuss all the fundamentals of estate planning and what you need to do to protect yourself and your family. We also dig deeper into advanced tactics commonly used by high net worth families to mitigate taxes, grow their savings and preserve their wealth for the future.Patrick Hicks, J.D. LL.M.  is Head of Legal with Trust & Will, serving as their General Counsel overseeing all attorney-related operations, including regulatory efforts and legal affairs.Mani Mahadevan is the Founder and CEO of Valur a company created to help entrepreneurs and investors keep more of their hard-earned gains.Full show notes at: https://www.allthehacks.com/estate-planning-patrick-hicks-mani-mahadevan Partner DealsVuori: 20% off the most comfortable performance apparel I've ever wornAthletic Greens: Free 1 year supply of Vitamin D and 5 free travel packsTrustworthy: 20% off The Family Operating System®Daffy: Free $25 to give to the charity of your choice Selected Links From The EpisodeConnect with Patrick: Twitter | Instagram |  LinkedIn | WebsiteConnect with Mani: Twitter | LinkedIn | WebsiteAll the Hacks Newsletter: Protecting Your Family with Estate Planning (what you need to know and do)Trust & Will: Get 15% off any estate plan at Trust & WillValur: Get 3 months of trust administration free when you mention All the Hacks during signupValur Blog PostsValur Charitable Remainder Trust GuideTax Planning Guide for EmployeesSave on taxes even if you have already realized your incomeValur Crypto Tax Planning GuideTrusts 101 Full Show Notes Three core functions of a will and who needs one [1:34]Patrick describes the process that happens when a person passes away without having a will [04:37]Two types of debt and what happens to your liabilities when you pass away [09:00]The core difference between an estate plan and a will [10:53]Common documents found within healthcare documents, the nuances of creating them, and in the case of becoming incapacitated, potential problems of not having one [12:07]Benefits of a revocable living trust and how they compare to a will [16:42]The probate process, time frame, and general expenses involved [19:59]Circumstances to consider when choosing to use a service or online template vs hiring an attorney [25:16]More benefits of choosing to set up a trust [29:10] Administrative and financial responsibilities and requirements of a trustee [30:48]Conversations with the people you've chosen to manage your estate plan [37:04]Updating your estate plan [38:58]Trustworthy storage of your important documents and the importance of telling people how to access them if necessary [40:09]Patrick's tips, tricks, and hacks on protecting your family in the event of your death [41:30]Chris shares the deal that Trust & Will has for All the Hacks listeners [44:29]Overview of tax and estate planning [46:20]Explanation of charitable remainder trusts, how they're beneficial to charities, and how to make the tax benefits work for you [49:43]Two investment restrictions and the downside of investing in charitable remainder trusts [54:48]Minimizing estate taxes by using GRATs (grantor retained annuity trusts) in your estate planning [58:02]Avoiding taxes in a high-income year through the use of charitable lead annuity trusts and how they compare with donor-advised funds [1:04:26]  Tax opportunities and other benefits of using ILITs (irrevocable life insurance trust) [1:11:30]Chris shares advice about life insurance and describes the benefits of setting up an LLC for your family [1:13:41]Three categories of estate planning tactics [1:16:17]Using stretch IRAs, implications of the Secure Act, and finding and using technology to take advantage of opportunities [1:19:25]Ways that Valur is trying to make estate planning more accessible and affordable, and how to find out more about the company [1:25:01] SponsorsTrustworthyTrustworthy is a secure online service that helps modern families protect, organize, and optimize their important information — ID's, Money, Property, Passwords, Insurance, Taxes, Legal, Emergency Instructions and the Family Archive. Trustworthy gives you a system of record for all your family information and lets you share it with loved ones, collaborate with trusted professionals like your accountant or wealth advisor and helps you keep everything up to date and on track so you never have to pay a late fee or penalty again.So if you want to set up your Family Operating System and be prepared for all of life's moments you can get 20% off and a free 14-day trial at allthehacks.com/trustworthy DaffyDaffy is a not-for-profit community built around a new modern way to give, with a mission to help people be more generous, more often. Daffy makes it so much easier to put money aside for charity. You can make your tax deductible contributions all at once. Or you can set aside a little each week or month. Then anytime in the future, you can give to more than one and a half million charities, schools, and faith-based organizations in a matter of seconds. So you can separate the decision to give (and get your tax deduction) from deciding exactly which organization you want to support and when. My favorite part is that you can invest your contributions to your Daffy account so they can grow tax-free to let you have even more impact in the future. To start giving today and get your free $25 to give to the charity of your choice, go to allthehacks.com/daffy Athletic GreensAthletic Greens is a foundational nutrition drink designed to remove the friction from covering the daily nutritional needs of a modern diet. It combines more than 9 essential nutrition products into one convenient and great-tasting drink, giving you an easy and efficient way to get you daily multivitamin, multimineral, probiotic, prebiotic, functional greens blend, immune support complex and more. It contains no GMOs, no harmful ingredients and no artificial colors or sweeteners.Right now, Athletic Greens is going to give you a free 1 year supply of immune-supporting Vitamin D and 5  free travel packs with your first purchase. To take ownership over your health and pick up the ultimate daily nutritional  insurance visit allthehacks.com/athleticgreens VuoriVuori is a new and fresh perspective on performance apparel. Perfect if you are sick and tired of traditional, old workout gear. Everything is designed to work out in, but doesn't look or feel like it. The product is incredibly versatile and can be used for just about any activity like running, training, swimming, yoga; but also great for lounging or weekend errands.To get the most comfortable and versatile clothing on the planet with 20% off your first purchase (plus free shipping on any US order over $75 and free returns) visit allthehacks.com/vuori Connect with All the HacksAll the Hacks: Newsletter | Website | Facebook | EmailChris Hutchins: Twitter | Instagram | Website | LinkedIn

3 reasons to have a revocable living 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.

On this episode Mike Jesowshek, CPA talks Andrew M Ayers in a part 3 of our estate planning mini series about a revocable living trust.1) Types of Trusts2) When Should I Create A Trust?3) Do I Still Need a Will?4) What Are The Main Components of a Trust? Some Terminology5) Mistakes to AvoidLINKS FROM THE SHOWShow Blog: https://www.taxsavingspodcast.com/blog/what-is-a-revocable-living-trust-why-is-it-important-for-business-ownersSign-Up for LIVE Webinar (2022 Tax Strategies to Ensure Business Owners Pay the Least Amount Possible - May 4, 2022 at 2pm EST): https://www.taxsavingspodcast.com/webinarSign-Up for the Small Business Tax Savings Summit: https://www.taxsavingspodcast.com/summitJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax  --------Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings PodcastArticle: https://www.taxsavingspodcast.com/blog/what-is-a-revocable-living-trust-why-is-it-important-for-business-ownersJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/taxIncSight Packages: https://incsight.net/pricing/Book an Initial Consultation: https://app.simplymeet.me/o/incsight/sale-------Podcast Website: https://www.TaxSavingsPodcast.comFacebook Group: https://www.facebook.com/groups/taxsavings/--------To find out more on this topic and many others visit our website at www.TaxSavingsPodcast.com. You can also give us a call at 844-327-9272 or send your questions to us at: Ask@TaxSavingsPodcast.com

Among the many areas of the real estate investing business is the vital one regarding asset protection and how to safeguard against the many dangers that you may encounter. Joining us on the Passive Income Through Multifamily Podcast today is Brian Bradley, from Bradley Legal Corp., to explain the necessary steps that investors should be taking based on the size of their businesses and portfolios. We get into a helpfully detailed discussion on what Brian calls the different layers of protection, looking specifically at LLCs, limited partnerships, and asset protection trusts. He also explains the 'ECCC 'acronym, of Effectiveness, Cost, Control, and Compliance. As the senior managing partner at Bradley Legal Corp., Brian oversees the protection of over five billion dollars worth of assets, and in our conversation, we are lucky enough to tap into the kind of gained wisdom that this kind of experience provides. We also hear from him about why a hybrid version of a trust is often the best route to go for safe assets, and how he recommends his clients approach setting up these kinds of Bridge Trusts. For all this and whole lot more from Brian Bradley, make sure to join us.Key Points From This Episode:Brian introduces the idea of asset protection and why it is so important. Important concepts and tools to understand; LLCs, limited partnerships, and asset protection trusts.  Understanding the specific benefits of limited partnerships and their two constituent parts. Brian unpacks the options regarding asset protection trusts.  The limits of an LLC and why it is not enough protection in the long term. Personal liability and disregarded entities, and further misconceptions about LLCs.   Privacy and anonymity in the legal system; Brian clears up some common misunderstandings. The power and limitations of a Revocable Living Trust, and how it relates to the rest of your protection. Geographic ramifications and what we need to know about onshore and offshore trusts.Why Brian tends to avoid completely foreign trusts in favor of hybrid options. How a Bridge Trust brings together the strengths of offshore and onshore trusts. The costs involved in setting up Bridge Trusts and who should seriously consider this route.  Brian shares his first-hand experience with the utility of the hybrid model.   Further thoughts on the extent to which a limited partnership can get you started protecting your assets early on.  Brian's stress management tactics in the office and at home.  Why Brian wants to pursue more coaching in the near future! Links Mentioned in Today's Episode:Brian Bradley on LinkedInBradley Legal CorpBrian Bradley EmailTony RobbinsLimitless EstatesPassive Income Through Multifamily Real Estate Facebook GroupVertical Street VenturesVertical Street Ventures National Conference 2022

This Tuesday is Focused on the differences between the two major vehicles people use to prepare for death and those are Wills & Revocable Living Trust. Both have advantages and disadvantages depending on what your looking to accomplish. One thing for sure though they both add extra protection to the assets in them. Listen and Learn then go to Shock The Culture

Learn the differences between revocable and irrevocable trusts here: https://creativeplanning.com/education/podcast/revocable-trusts-vs-irrevocable-trusts/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 at podcasts@creativeplanning.com

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Michele Procino-Wells and Amber B. Woodland introduce the Revocable Living Trust as a foundational estate planning tool that works to express our end of life wishes, avoid probate, and be used as an incapacity tool.  This is a do-not-miss episode!