Trusts, Wills & Wealth Podcast

Episode Summary: In this episode, Isaac Cohen discusses the importance of regularly reviewing and updating your estate plan, especially after significant life events like marriage, divorce, birth of children or grandchildren, buying or selling property, changes in finances, serious illness, and more. He highlights the potential consequences of outdated estate plans and offers valuable insights on...

Episode Summary: In this episode of *Trusts, Wills & Wealth Podcast*, Isaac Cohen emphasizes the significance of a comprehensive estate plan beyond just a will. He explains how estate planning involves a cohesive strategy to protect assets and ensure wishes are upheld during and after one's lifetime. Isaac discusses the pitfalls of relying solely on a will and highlights the essential componen...

Episode Summary: In this episode of *Trusts, Wills & Wealth Podcast* Isaac Cohen breaks down the concept of a Revocable Living Trust in California. He explains the key differences between a will and a trust, emphasizing how a trust enables individuals to retain control over their assets both during their lifetime and after their passing. Cohen highlights the importance of funding a trust to av...

Episode Summary: Isaac Cohen explains why having an estate plan in place is crucial in California. Without proper planning, the state determines asset distribution through a lengthy probate process, leaving individuals out of control. Even modest assets can trigger probate, emphasizing the need for proactive estate planning to ensure assets are passed down as intended. Key Timestamps: 00:00 – Intr...