The Plain English Legal Podcast

8 Ways to SAVE Money Gifting to Charities

In this interview with Mike Brooks of Safe Asset Financial, Jeff discusses 8 specific techniques around Planned Giving that can benefit the giver, their family, and charities all at the same time.

The rundown of the techniques are:

1. Bequest from a Will or Trust
2. Charitable Gift Annuity
3. Beneficiary Designation on Donor Advised Funds
4. Charitable IRA Donation
5. Life Insurance Beneficiary Designation
6. Gifts of Highly Appreciated Assets
7. Donations to Charitable Remainder Trusts
8. Testamentary IRA Charitable Remainder Trust

It is astounding how much a giver can get ahead when they run the numbers with their financial advisor, estate attorney, and accountant. So check out these techniques and see if one or more of them might be right for you, or if your favorite charity should take a closer look at their own planned giving campaigns to incorporate some of these.

#estateplanning #charity #financialplanning #taxplanning

For the YouTube video version, check it out here.

3 Nasty Secrets About Wills

There are many attorneys who are happy to just “go with the flow,” and dole out a Last Will and Testament for their clients when asked. After all, the general public expects that that all they have to do is create a basic Will, and suddenly their estate is completely taken care of. Nothing can be further from the truth. The assumptions that come along with just “doing a Will” are enough to destroy a person’s plans. While a Will does have it’s place, here are three massive secrets that attorneys do not typically highlight to the public when recommending a Last Will and Testament to their planning clients.

For the YouTube video version, check it out here.

10 Myths of Care Assistance Planning

There are a lot of myths surrounding the Care Assistance process, particularly when it comes to Medicaid since the program is the most complicated and skilled care is the most costly. And, unfortunately, the consequences of incorrect information are often irreversible and very, very expensive.

That is why I have compiled the Top 10 Myths of Care Assistance Planning for you. If you believe even one of these is true, failing to get the right information and help can be catastrophic.

For the YouTube video version, check it out here.

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

Leveraging Taxable Assets to Boost Retirement and Estate

Too often, people blindly follow the crowd, and when it comes to retirement and building an estate, people can be leaving a lot of money on the table. Or worse, they are needlessly dumping it into Uncle Sam's pockets. The real rich members of society have been taking advantage of loopholes in the tax code for decades that most people don't know.

In this discussion, Jeff and our panelists Steve Redelsperger, Chris Pell, and Victor Angustia review a few techniques that can be leveraged to provide boosted retirement with lower taxes. #financialfreedom #retirement #estateplanningattorney #lifeinsurance

For the YouTube video version, check it out here.

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

Do Step-Children Inherit From An Estate?

This question has been popping up a lot lately, and, unfortunately, the answer is "it depends." In this podcast episode, attorney Jeffrey G. Marsocci examines inheritances with and without a written plan, what constitutes a child under estate distribution laws, and how parents with step-children can approach estate planning in ways that are fair. #estateplanning #blendedfamilies #inheritance #adoption

For the YouTube video version, check it out here.

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

Duct Tape Estate Disaster

What happens when there is no money available to pay the funeral home?

When someone uses the "duct tape solution" of beneficiary designations on all their accounts to avoid probate rather than using a revocable living trust, it becomes a disaster for the people named as executors in the Will. This is to the point it could delay paying for the funeral for a month or more.

In this podcast episode, Jeff reviews an estate where he was "temporarily" named as executor, the client "Tasha" died, and now the financial firm holding her assets is refusing to even release information until they get paperwork from a court process that takes a month or more. #probate #funeral #estateplanning #revocabletrust 

For the YouTube video version, check it out here.

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

Getting Started with Financial Planning

When it comes to financial and estate planning, knowing how to start seems to be the toughest part. While we already have plenty of content on starting estate planning, building up that estate is it’s own subject. Thankfully, I had the opportunity to speak to John Heck of Protection Point Advisors to review getting started in financial and retirement planning at various ages and under different circumstances. One thing from the discussion was clear: there is no one-size or one plan fits all.

For the YouTube version, check it out here.

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

#finances #retirement #investing #estateplanning

What's the Difference Between a Non-Profit and a Charity?

Many people want to help people and do good. Sometimes they start their own organizations to change the world. Eventually, the subject of forming an official non-profit or charity comes up. But which is best? What benefits does one have over the other?

In this recording from Jeff's presentation at the Homeschool Unleashed Conference, he reviews the different characteristics, objectives, and benefits of both non-profits and charities as well as the general processes to form each. #charity #nonprofit #volunteer 

Watch the YouTube version here.

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

Getting Started When Planning With HD

When a family is dealing with Huntington's Disease, there are a lot of planning options, choices, and corresponding consequences. It can be almost as overwhelming as the disease itself, and people can suffer from planning paralysis. Where do you get started?

In this discussion with financial planner Mike Brooks, Jeff reviews various legal and financial options in different scenarios to help guide people depending on their situation, but one thing stands out in all of these scenarios: planning should start sooner rather than later.#estateplanning #finance #huntingtonsdisease #health 

Check out the free educational materials referenced in this video:

http://www.FreeTrustCourse.com

http://www.FreeSimpleWillGuide.com

http://www.FreeMedicaidCourse.com

http://www.SpecialNeedsPlanningWebinar.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!

Estate Planning to Avoid Inheritance Losses

Divorces are hitting a new high of about 60%, and parents are worried about their adult kids getting married. But are their solutions to protect them? In this video, attorney and author Jeffrey G. Marsocci reviews techniques to protect assets from the downsides of a divorce BOTH from an inheritance perspective by the parents as well as steps the kids can take prior to marriage. #estateplanning #revocabletrust #irrevocabletrust #divorce #prenup 

Watch the YouTube version here.

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