Everything Estate Planning

#234 | 𝗠𝘆 𝗔𝘁𝘁𝗼𝗿𝗻𝗲𝘆 𝗗𝗶𝗲𝗱/𝗥𝗲𝘁𝗶𝗿𝗲𝗱, 𝗡𝗼𝘄 𝗪𝗵𝗮𝘁?!   What happens when your trusted attorney passes away or is no longer practicing? Do you have to start over? How do you get your original documents?   There will be a process to obtain new counsel, but we've broken down 3 steps you definitely want to take and given you some other ideas and suggestions to hopefully make things easier.   𝘕𝘰𝘵𝘦 𝘵𝘰 𝘈𝘵𝘵𝘰𝘳𝘯𝘦𝘺𝘴...

#233 | Who Pays the Capital Gains Now? An inherited home is sold 2 years after someone passes. Who will have to pay Capital Gains? The estate or the beneficiaries? Timing is everything and this episode will explain more.   --   We're here to help you learn more !  Please comment and let us know if you found this additional knowledge useful to you…and plus, it would be awesome if you would SUBSCRIB...

#232 | Can the HOA Foreclose on a House in Trust? This is a serious question with some huge potential consequences. HOA's don't often mess around and can definitely place liens for unpaid dues. So what if the house is in a trust? Can they still put a lien on it? Could they take it?!   --   We're here to help you learn more !  Please comment and let us know if you found this additional knowledge us...

#231 | I'm Dead Broke - Why Do I Need an Estate Plan? Did you know? Estate plans just don't just protect your stuff and they're not just for after you die. Proper protection planning includes protecting you now and is necessary even if you don't own a single asset. This episode breaks down the what, why and how to get it done. We're here to help you learn more!  Please comment and let us know if y...

#230 | Rentals, LLCs & Trusts - How Do They Work? Have you heard this before? "If you have rental property, you should have an LLC. If you have an LLC, it should be part of your estate plan."  So how does it all work. Who owns and/or controls what? This episode breaks down the order and function of each part of the equation so you, your property and your business get the best protection possible. ...

#229 | 𝗪𝗵𝗮𝘁 𝗶𝗳 𝗠𝘆 𝗧𝗿𝘂𝘀𝘁 𝗶𝘀 𝗦𝘂𝗽𝗲𝗿 𝗢𝗹𝗱?   It may surprise you to know that the age of your Trust doesn't matter as much as how it is set up and worded. Watch this video and then talk to your estate planning attorney to make sure your Trust is truly meeting your needs and wishes. --   We're here to help you learn more!  Please comment and let us know if you found this additional knowledge useful to y...

#228 | 𝗜'𝗱 𝗥𝗮𝘁𝗵𝗲𝗿 𝗣𝗼𝗸𝗲 𝗠𝘆 𝗘𝘆𝗲 𝗢𝘂𝘁 𝗧𝗵𝗮𝗻 𝗧𝗮𝗹𝗸 𝗔𝗯𝗼𝘂𝘁...   My Own Death!   Just know that this is one of the most common reasons for people not starting essential planning. So, you're not alone. But we're going to help you push past the procrastination. Trust us. You'll want to. --   We're here to help you learn more !  Please comment and let us know if you found this additional knowledge useful to yo...

#227 | Are Joint Tenants on the Home OK? Is it Ok to add your kids as joint tenants in common on your home? It's probably not a good idea, and here are at least three different reasons why.   --   We're here to help you learn more !  Please comment and let us know if you found this additional knowledge useful to you…and plus, it would be awesome if you would SUBSCRIBE too! It would mean a lot to u...

#226 | It's the IRS - So It's Good News & Bad News What happens if you want to sell a house and you have the Tax ID number for the Trust but not the confirmation from the IRS. Not all is loss, but you will have to jump through some hoops. Here's what to do. --     --   We're here to help you learn more !  Please comment and let us know if you found this additional knowledge useful to you…and plus,...

#225 | Can the Beneficiary Carry Capital Losses? If the beneficiary sells a property, can they carry any capital losses? Someone got some misinformation, which we'll clear up for you here.   --   We're here to help you learn more !  Please comment and let us know if you found this additional knowledge useful to you…and plus, it would be awesome if you would SUBSCRIBE too! It would mean a lot to us...

#224 | What About Timeshares? With all the snowbirds in NY and NJ, timeshares are often an issue with estate planning and this is a very frequently asked question. So we'll talk pros, cons and what to do with your timeshare, and most importantly WHEN.   --   We're here to help you learn more !  Please comment and let us know if you found this additional knowledge useful to you…and plus, it would b...

#223 | So Who Gets What Now? Listener Question: There's NO WILL. What happens when a parent dies with one living child and one grandchild of a deceased child? It will likely depend on the intestacy laws of your state, but here's how it'll go down in New York.  --     --   We're here to help you learn more !  Please comment and let us know if you found this additional knowledge useful to you…and pl...

#222 | 𝗖𝗮𝗻 𝗬𝗼𝘂 𝗗𝗶𝘀𝗶𝗻𝗵𝗲𝗿𝗶𝘁 𝗦𝗼𝗺𝗲𝗼𝗻𝗲 ? Absolutely! HOWEVER, this episode has some specific suggestions as to how to make sure your wishes are followed should your heir at law decide to contest your estate plan.   --   We're here to help you learn more !  Please comment and let us know if you found this additional knowledge useful to you…and plus, it would be awesome if you would SUBSCRIBE too! It wou...

#221 | 𝗗𝗼 𝗜 𝗛𝗮𝘃𝗲 𝘁𝗼 𝗣𝗮𝘆 𝗧𝘄𝗶𝗰𝗲 ?! If you live in one state and you sell a property in another, do you have to pay taxes twice? Reporting in both states is likely mandatory, as for payment....well you'll have to watch the video to find out.    --   We're here to help you learn more !  Please comment and let us know if you found this additional knowledge useful to you…and plus, it would be awesome if...

#220 | 𝗬𝘂𝗽 ! 𝗜𝘁 ' 𝘀 𝙏𝙃𝘼𝙏 𝗺𝘂𝗰𝗵 𝗯𝗲𝘁𝘁𝗲𝗿 ! One of the most common questions we get is, "What makes a Trust better than a Will?" There are a many but this video just breaks down our Top 5.   --   We're here to help you learn more !  Please comment and let us know if you found this additional knowledge useful to you…and plus, it would be awesome if you would SUBSCRIBE too! It would mean a lot to us. 😊...

#219 | 𝗜𝘁 𝗶𝘁 𝗧𝗼𝗼 𝗟𝗮𝘁𝗲 𝘁𝗼 𝗚𝗲𝘁 𝗮 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 ? So, you've created a Trust and funded it with your property. Good for you!! But, now you need a mortgage, or a HELOC or just need to use some of the equity. How will this affect your Trust? Is it even possible? --   We're here to help you learn more !  Please comment and let us know if you found this additional knowledge useful to you…and plus, it would be...

#218 | Can I Just Use a Transfer on Death Account? If I have a Transfer on Death bank account, will it give my beneficiaries the access they need? Do I still need an estate plan? This video talks about the advantages and limitations of this type of bank account and why more is essential.   --   We're  here to help you learn more !   Please comment and let us know if you found this  additional  kno...

#217 | Is It Too Late to Protect My Assets? What happens if long-term care becomes imminent and you haven't finished your estate planning? Can you still protect your assets? Will Medicaid take your house? Find out in today's video.   --   We're  here to help you learn more !   Please comment and let us know if you found this  additional  knowledge useful to you…and plus, it would be awesome if you...

𝗪𝗵𝗼 𝗶𝘀 𝘁𝗵𝗲 𝗕𝗲𝘀𝘁 𝗕𝗲𝗻𝗲𝗳𝗶𝗰𝗶𝗮𝗿𝘆 𝗳𝗼𝗿 𝗮 𝗥𝗲𝘁𝗶𝗿𝗲𝗺𝗲𝗻𝘁 𝗣𝗹𝗮𝗻 ? The law recently changed and that may affect your decision. We'll talk about the pros, cons and importance of getting this done right the first time. --   We're here to help you learn more !  Please comment and let us know if you found this additional knowledge useful to you…and plus, it would be awesome if you would SUBSCRIBE too! It would mean...

#215 | 𝗔𝗻 𝗔𝗱𝗺𝗶𝗻𝗶𝘀𝘁𝗿𝗮𝘁𝗶𝘃𝗲 𝗡𝗶𝗴𝗵𝘁𝗺𝗮𝗿𝗲 ! Or Is It? They've been together for years. Not married. Have kids, but don't really get along with them and they're about to retire. What's the best plan for them? Complicated but not difficult - for someone who focuses on estate planning, that is. Here are some things to consider as you choose the best attorney for you in your state. --   We're here to help yo...

#214 | Can the Nursing Home Sue ME as Power of Attorney? There are a few scenarios where the answer is "Yes" but don't freak out. It is rare. And, there's a way you can protect yourself if you know this information before you accept the assignment. So, listen to this episode. --   We're here to help you learn more !  Please comment and let us know if you found this additional knowledge useful to y...

#213 | Can My Siblings Just Gift Mom's House to Me? If someone passes without a will, and there are multiple beneficiaries, can they decide amongst themselves to just gift the house to one sibling? Possibly. Is it a good idea? That depends. There are multiple factors to consider, but this podcast should help point you in the right direction. --   We're here to help you learn more !  Please comment...