Podcasts about your estate

SummaryIn this conversation, Oto Gomes and Graham Wardle discuss their personal journeys over the past two years and the importance of self-reflection and inner work. They explore the meaning of life and the significance of creating meaning and projecting it onto our experiences. Oto shares his insights on the relationship with money and how people's beliefs and behaviors can block their financial abundance. They also touch on the topic of legal structures and the layers of trust law, common law, and commerce law. Oto explains the process of taking back control of one's estate and the potential for discharging liabilities within the system. The conversation explores the concept of identity and the relationship between individuals and systems. It draws parallels to movies like The Matrix and Wally to illustrate the need to take back control of one's own ship and create a new relationship with systems. The discussion also touches on the rise of scams and the potential agenda behind them, including the push for digital IDs. The conversation concludes with a mention of a decentralized identification system called Everest and a real-world asset tokenization project called Gems. In this final part of the conversation, Oto Gomes and Graham Wardle discuss the importance of being aware of dependency and the need to shift our relationship with various systems. They emphasize the significance of being honest with ourselves and facing our fears in order to experience growth and fulfillment. Graham shares a poem from his book, highlighting the importance of self-honesty and the spiritual revelations that come from facing our fears. They conclude by encouraging listeners to connect with their true selves and embrace the unknown.Chapters00:00 Introduction and Catching Up03:12 The Importance of Self-Reflection and Inner Work09:37 Creating Meaning and Projecting it onto Experiences16:09 Shifting the Relationship with Money for Financial Abundance25:24 Understanding Legal Structures and Trust Law27:17 Taking Back Control of Your Estate and Discharging Liabilities35:28 Creating a New Relationship with Systems52:33 The Rise of Scams and the Potential Agenda Behind Them56:08 Decentralized Identification: An Alternative to Centralized Digital IDs01:00:35 Gems: Real-World Asset Tokenization on the Blockchain01:07:13 Shifting Our Relationship with Dependency01:09:31 The Importance of Self-Honesty and Facing Fears01:12:52 Embracing the Unknown and Trusting Inner GuidanceCONNECT WITH GRAHAMINSTAGRAMCONNECT WITH OTODOWNLOAD CRYPTO FREEDOM ACADEMY APPDISCOVERY CALL WITH OTO FOR APPLICATION TO CFACFA WEBSITEOTO GOMES INSTAGRAM

We've talked before about not making a loved one your executor. I recently read an article titled, “2 Big Reasons Not to Make a Loved One the Executor of Your Estate.” Here, we'll add our own perspective for why it's not a great idea. Being executor can be emotionally difficult It is a duty that begins almost immediately after the death of your loved one. You are grieving the loss while facing a list of daunting tasks. Even normal probate is a lot of work and can be tough while grieving. In a somewhat difficult probate, you navigate the decedent's family and friend relationships. If you are also family and friends with these people, it can be awkward. They will continually ask you when they will receive their inheritance. Some will complain that they get less money than others. You may not get far into the probate process before this happens. It goes without saying that a difficult and dramatic probate is even more burdensome and draining. Being executor is long and time consuming If you think probate lasts a few weeks or months, think again! Probate lasts many months and sometimes many years. Over the past few years, we've seen probate take longer than ever. Many of the executor's tasks must be done in person. This means walking into a bank and taking care of the assets face-to-face. It is very inconvenient, especially if the executor works and has a busy home life. The executor cannot delegate responsibilities by power of attorney. An attorney can help with many tasks, but not all. Things an executor needs to know The executor should have an understanding of legal issues and risks of being executor! An executor is personally liable for mistakes they make during the probate process. This includes asset valuations, purchases, sales, tax complications, failure to pay debts, and more. The executor is liable out of their own pocket. Creditors can come after the executor's bank and brokerage accounts and their home. There are a lot of tax issues when administering an estate. The taxing authorities know that this is their last chance to wring every last cent out of that social security number. The IRS will go through the assets with a fine tooth comb. What if your executor doesn't have the skills to manage assets? The executor should be able to manage real estate, financial assets, and unique assets such as small businesses, collectibles, and bitcoin. If your executor doesn't have an existing skill set for managing assets, don't count on them learning when you pass. It's too much to ask someone to learn how to manage assets while they are mourning. Many people think things will be fine as long as their executor hires the right people (lawyer, CPA, etc.). It is important to have a good team during probate, but it is not enough. Each of these professionals have their own incentives and opinions. And remember, none of them are personally liable. Just because you hire a lawyer to help with probate doesn't mean you will get the best advice. Even if your CPA is great at doing your income tax returns doesn't mean they know how to do tax returns for an estate. You need professionals who have a solid understanding of probate. The article we reviewed also recommends working with experienced professionals. People are starting to hear more about professional executors. Whereas, even 5 years ago, it wasn't quite as popular. If you want to learn more, check out my book, “How to Hire an Executor.” When people understand what professional executors do, they like the option. They are thrilled to have that burden lifted off of their loved ones. Request your free consultation    

Sandy Pollack is the founder of Trimaran Advisory Group Ltd., a financial advisory firm that goes beyond traditional business and estate planning. Serving as both principal and Lead Financial Advisor, Sandy is an advocate for values-based legacy planning—believing that building wealth and managing wealth are not the same thing. Sandy is certified as a Family Enterprise Advisor, Certified Financial Planner, Chartered Life Underwriter, and Trust and Estate Practitioner.   During the show we discuss: What Estate Planning is Why Estate Planning is Important What a Will is Why You Need a Will The Typical Problems That a Will Resolves And/Or Avoids How do I start planning and creating my will What a Well-Thought-Out Will Contains How Often Should You Revisit and Update Your Will The Next Steps After You've Created Your Will What Happens to Your Estate if You Pass and Don't Leave a Will The Other Estate Planning Documents You Should Consider Having Aside From a Will Why You Should Consider Having an Estate Planner The Qualities You Should Look For in an Estate Planner Resources:https://www.dontleaveamess.ca/

Have you heard about Nelson Nash, Infinite Banking, Becoming Your Own Banker, Bank on Yourself, and want to learn more? Or maybe you're already using Infinite Banking, but would like to explain it better. We're continuing our series on the basics of the Infinite Banking Concept and answering your "what" questions. Today, we'll unpack, What is the death benefit? https://www.youtube.com/watch?v=HbpNX3c35bo So if you want to see the power of the death benefit… tune in now! Table of contentsWhat Makes Up the Guarantees of the Death Benefit?What Are the Differences Between the Death Benefit Guarantees of Whole Life Insurance and Universal Life Insurance?What Are the Chronic Illness and Terminal Illness Riders, and How Do They Compare to Long-Term Care Insurance?What Effect Do Outstanding Loans, Reduced-Paying Up, or Chronic/Terminal Illness Riders Have On the Death Benefit?What is Human Life Value?What Does Life Insurance Do for Your Estate?Book A Strategy Call What makes up the guarantees of the life insurance death benefit? The life insurance death benefit is the amount that is guaranteed to be paid out to your listed beneficiary at your death. What Makes Up the Guarantees of the Death Benefit? The death benefit is the amount that is guaranteed to be paid out to your listed beneficiary at your death.  The key to guaranteed death benefit is having whole life insurance, which is permanent. When you have whole life insurance, you're in a position where you know that the death benefit will pay out at whatever point you die, between now and the end of that policy. And at the end of the policy, if you are still living, the insurance company still guarantees the death benefit to pay out to you. This is not the case with term or even universal life insurance (which claims to be permanent).  This also means that when you pay premiums, you're paying into your policy with the certainty that you'll get a “return.” Whereas with term insurance, you can pay into it for 20 years and never see a dime back.  What Are the Differences Between the Death Benefit Guarantees of Whole Life Insurance and Universal Life Insurance? While both whole life insurance and universal life insurance are technically permanent insurance, universal life insurance has several variables that can cause a policy to implode or lapse. In other words, universal policies are typically not permanent in practice. One of the major factors that makes universal life difficult to maintain is because it has flexible premiums. While many people assume that this gives them the flexibility to pay whatever they want, that's not the case. So if you choose to pay less, you can underpay for your insurance coverage. This then eats into your cash value account, which may implode the policy if you continue to under-fund it.  With whole life insurance, premiums are guaranteed as well. This means that they cannot increase, so your base premium will always be enough to cover the costs of insurance. You won't risk underfunding your policy, and you have the freedom to pay more in the form of PUAs if you wish.  What Are the Chronic Illness and Terminal Illness Riders, and How Do They Compare to Long-Term Care Insurance? The chronic illness and terminal illness riders allow you to use your death benefit while you're still living. If a physician certifies that you have an illness that will cause your death, many insurance companies now grant access to the death benefit while living at no additional cost.  Long-term care insurance is an additional cost, as well as some additional stipulations about when you can use it. Plus, the insurance company can increase premiums over time because of the costs when you have Long-Term Care. While we want companies to be able to offer the coverage, they do have to stay in business. What Effect Do Outstanding Loans, Reduced-Paying Up, or Chronic/Terminal Illness Riders Have On the Death Benefit?

A new MP3 sermon from Presbyterian Church of Cape Cod, OPC is now available on SermonAudio with the following details: Title: Being a Good Steward of Your Estate, Part 2 Speaker: David Haney Broadcaster: Presbyterian Church of Cape Cod, OPC Event: Teaching Date: 4/23/2010 Length: 45 min.

A new MP3 sermon from Presbyterian Church of Cape Cod, OPC is now available on SermonAudio with the following details: Title: Being a Good Steward of Your Estate, Part 3 Speaker: David Haney Broadcaster: Presbyterian Church of Cape Cod, OPC Event: Teaching Date: 4/23/2010 Length: 46 min.

A new MP3 sermon from Presbyterian Church of Cape Cod, OPC is now available on SermonAudio with the following details: Title: Estate Planning Process & Being a Good Steward of Your Estate Speaker: David Haney Broadcaster: Presbyterian Church of Cape Cod, OPC Event: Teaching Date: 4/23/2010 Length: 44 min.

Wanted Dead or Alive: Part 1 Your Estate

Planned Giving Officer Keith Johnson discusses the importance of estate planning, and how to use your will as a charitable giving tool. The post Advancement: Bequests – Giving Out of Your Estate appeared first on Cairn University.

Planned Giving Officer Keith Johnson discusses the importance of estate planning, and how to use your will as a charitable giving tool. The post Advancement: Bequests – Giving Out of Your Estate appeared first on Cairn University.

The Future of Social Security...Income Traps to Avoid in Your Estate...Where Should You Retire?...

Episode 78 - Your Pets and Your Estate with guests Robert Kass, JD, LLm and Elizabeth Carrie, JD, LLm - TOPICS COVERED: Introduction of Guests – Robert Kass, JD, LLm and Elizabeth Carrie, JD, LLm; Why You Should Plan for Your Pet’s Future; Have a Pet Owner’s Card; Power of Attorney for Pets; Pet Identification and Care Instructions Are Important; Resource for Do-It-Yourself Trust for Pets; Include Backup Care Instructions; Examples of Poor Planning for Pets; Ways to Memorialize Your Pet