The Plain English Legal Podcast

What the Heck is a Cestui Que Vie Trust?

Here is a trust that supposedly shelters you from all taxes, has no probate, and provides you a huge government pension for the rest of your life! Unfortunately, it is based on wishes and aspirations that has no basis in the law... but people are still talking about it. For the video version, check it out on YouTube here: https://youtu.be/JB5RFjlF7E4?si=eIrpMtbZv0WLQ2h9 

I Don’t Want My Inheritance… Now What?

When an inheritance is not wanted, certain steps can be taken to reject it, but there are things you can do and can't do. Unfortunately, there is a lot of assumptions and misinformation out there.

In this podcast episode, Jeff reviews methods of inheritance, how the inheritance can be rejected, and finally cover the steps to make a formal disclaimer. #estateplanning #inheritance #disclaimer

Watch the YouTube version here.

Don't forget to subscribe to my Youtube channel @theplainenglishattorney to watch the full videos of my podcast episodes!

5 Estate Concepts People Get Wrong

Welcome to today's podcast!

When it comes to estate planning, there are a lot of myths, misconceptions, and outright falsehoods out there. We are also living in a time when people can turn off facts in favor of what they want to hear if it means they don’t have to take action. So here are the 5 big concepts that people often get wrong that might be painful to hear. #estate #revocabletrust #livingtrust #revocablelivingtrust #powerofattorney 

Watch the YouTube version here.

Don't forget to subscribe to my Youtube channel @theplainenglishattorney to watch the full videos of my podcast episodes!

 

 

#probate #willsandestates #estateplanning #irrevocabletrust #trust #revocabletrust #livingtrust #estateplan #estateplanningattorney #estateplanninglawyer #AssetProtection #attorney #theplainenglishattorney

4 Reasons to Make a Last Will and Testament

You’re an adult, you have a lot going on, and you’re not going to die tomorrow. As far as you know. Putting together estate planning documents may be the last thing on your mind, but it shouldn’t be if you care even a little bit about where your assets go when you pass on. Today, we’re going to cover the four major reasons to have a Last Will and Testament. #estateplanning #lastwillandtestament #probate

Watch the YouTube version here.

Don't forget to subscribe to my Youtube channel @theplainenglishattorney to watch the full videos of my podcast episodes!

How Do You Fund a Trust?

Funding a trust is critical to avoiding probate. Just having a revocable living trust is not enough. In this episode, admittedly with AI voice, we review the chapter of Estate Planning Basics on trust funding to give you the basics.

For the full book Estate Planning Basics and other materials, check out the free program at: http://www.FreeTrustCourse.com

Watch the YouTube version here.

Don't forget to subscribe to my Youtube channel @theplainenglishattorney to watch the full videos of my podcast episodes!

Who Qualifies for Medicaid?

Medicaid is one of the most effective, and most needed, programs when it comes to caring for seniors and our most vulnerable citizens. So who exactly qualifies for Medicaid? There are 4 main tests you must meet in order to get Medicaid to pay the nursing home bill, but the government does not make the rules simple. #medicaid #elderlaw #medicaidconsulting #ThePlainEnglishAttorney™ #CertifiedMedicaidPlanner

Watch the YouTube version here.

Don't forget to subscribe to my Youtube channel @theplainenglishattorney to watch the full videos of my podcast episodes!

How to Avoid Probate

When it comes to Estate Planning, many people want to avoid the probate court process and not leave a paperwork nightmare as their legacy. But not all methods of avoiding probate are equal. In this episode, we'll examine the downsides of probate, myths avoiding probate and "duct tape" solutions, and the single most effective way to have a coordinated estate that keeps your assets and family out of a years-long legal nightmare.

For more information, check out the free program at http://www.FreeTrustCourse.com

Watch the YouTube version here.

Don't forget to subscribe to my Youtube channel @theplainenglishattorney to watch the full videos of my podcast episodes!

First Steps After Huntington's Disease Diagnosis

Diagnosed with Huntington's Disease... What Now?!\

When someone is diagnosed with Huntington's Disease, it impacts the whole family. Not only because others in the family are more likely to be diagnosed in the future, but because planning to take care of a loved one becomes the responsibility of the entire family. In this discussion between attorney and Certified Medicaid Planner(TM) Jeffrey G. Marsocci and financial and care advisor Charles Michael "Mike" Brooks, they focus on the financial, legal, and care steps to plan ahead. #estateplanning #irrevocabletrust #longtermcare #huntingtonsdisease 

Watch the YouTube version here.

Don't forget to subscribe to my Youtube channel @theplainenglishattorney to watch the full videos of my podcast episodes!

Will or Trust?

Which is better, a Last Will and Testament or a Revocable Living Trust?

In this episode, we go 10 rounds in the ring to find out which estate plan is the heavyweight champion. We’ll cover the punch by punch scorecard, and see which legal document weighs in as the best to protect you, your assets, and your loved ones. We’ll take a specific look at 10 big estate planning factors and declare a winner each round:

1. Setup cost
2. Ease of Changes
3. Ease of Understanding
4. Allocation and Distribution
5. Estate Settlement Costs
6. Estate Settlement Time
7. Privacy
8. Maintenance Costs and Time
9. Ease of Contesting an Estate Plan
10. Settlement Agent Hassles

So which one comes out on top? While it’s not a knockout or a unanimous decision, there is a clear winner. #probate #livingtrust #revocablelivingtrust

Watch the YouTube version here.

Don't forget to subscribe to my Youtube channel @theplainenglishattorney to watch the full videos of my podcast episodes!

6 Ways Attorneys Overcomplicate Estate Planning

Not all attorneys get into the legal business for the right reasons. Some even intentionally cross lines to inflate their bottom line at the expense of their clients. In this episode, we review 6 ways overcomplicating estates in the planning phase can lead to more money for the lawyers now and in the future.

These areas include:

1. Types of estate allocations and distributions
2. Splitting up the same essential duties among different agents
3. Doubling or tripling (or more) the amount of paperwork
4. Choosing the simpler documents to create more (billable) paperwork later
5. Needlessly dragging more people into probate court than necessary
6. Ignoring the details on the single best way to avoid court

 #probate #revocabletrust #estateplanningattorney #livingtrust #estateplan 

Watch the YouTube version here.

Don't forget to subscribe to my Youtube channel @theplainenglishattorney to watch the full videos of my podcast episodes!