E163 Always Leave Inheritance in a Trust Fund

E163 Always Leave Inheritance in a Trust Fund


Rich people don’t walk past free money, they pick it up (metaphor, not literally). Let’s discuss an estate planning example: asset protection trusts instead of direct gifts

Today we’ll discuss:

  1. What’s a direct gift?
  2. What’s an asset protection trust?
  3. Why it’s “free money” that EVERYONE should take

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E162 Post-Coronavirus Trusts Make Even MORE Sense

E162 Post-Coronavirus Trusts Make Even MORE Sense


There are lots of reasons why a trust is better than just a will. And post-coronavirus, a trust makes even MORE sense.

Today we’ll discuss:

  1. Video notary instead of witnesses
  2. Quarantine is a new type of incapacity
  3. Locked down courts: another reason to avoid probate

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E161 Court-Appointed Strangers

E161 Court-Appointed Strangers


Most of us cringe at the idea of some stranger or bureaucrat having power over us. But that’s exactly what happens with Court-Appointed Strangers. Specifically Guardians: the strangers with power over our seniors

Today we’ll discuss:

  1. How Guardians get power
  2. Some unnerving examples
  3. It’s always about money
  4. How to avoid this type of stranger
  5. Other types of court-appointed strangers

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Estate Planning for Bitcoin

Estate Planning for Bitcoin

Cryptocurrency has an estate planning problem. And it’s one of the barriers to wider cryptocurrency acceptance. Nobody wants to accumulate an asset that may disappear, often upon death.

Getting Final Affairs in Order Before Death

Getting Final Affairs in Order Before Death

Whether you’re the caregiver or the terminally ill, it can be satisfying to help get organized and take inventory. This is really important if there aren’t many close relatives.

5 Mistakes With DIY Wills and Witnesses

E151 5 Mistakes With DIY Wills and Witnesses


I get that Do-it-Yourself is very tempting. But you may be creating HUGE problems for your heirs.

We’ll discuss:

  1. Witnesses names
  2. Witness addresses
  3. “Self-proving”
  4. Professional witnesses
  5. Court’s assumptions

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Pick up my books on Amazon. Reviews always appreciated!

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WATCH

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LISTEN

Subscribe to the “Simple Money Wins” podcast at:

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E91 Would You Trust ACS with Your Kids? 956x423

E91 Would You Trust ACS with Your Kids? (Reminder to Name Guardians)


If you don’t have a plan in place, what happens to your kids in an emergency? If the police can’t locate next of kin immediately, your kids may be off to ACS, or foster care.


A recent probe revealed concerning facts about ACS.

Links:

https://nypost.com/2019/05/05/acs-is-often-careless-when-handing-kids-to-foster-parents-probe/

http://lauraecowanlaw.com/

https://www.wpaslaw.com/

E62 How Robin Williams Protected His Family from Legal Battles After his Death 956x538 blog

E62 How Robin Williams Protected His Family from Legal Battles After his Death (Podcast)

Robin’s was survived by his third spouse (Susan) and 3 adult kids from prior marriages. Robin planned well, because he knew the cost of legal battles. His divorces cost him ~$20 million…

How to Create an Estate Plan for Your Digital Assets 956x538 blog

How to Create an Estate Plan for Your Digital Assets

When you think of “estate planning,” chances are your Facebook page, PayPal account, and Amazon Prime login probably don’t come to mind. But they should. Depending on who you ask, the value of the average American’s digital estate is between $33,000 and $55,000…

4 Reasons Millennials Need Estate Planning More Than Baby Boomers 956x538 blog

4 Reasons Millennials Need Estate Planning More Than Baby Boomers

Though planning on your death or injury is not exactly something that most millennials are eager to do, it is important.