The Plain English Legal Podcast

Stretching an Inheritance Over a Lifetime--Part 2 of 2

The income taxes on a beneficiary when they inherit a retirement account can be astronomically high. A half a million IRA can add more than $50,000 a year to the beneficiary’s taxable income each year for a decade.

But what can you do?

You can leverage a charity’s tax-free status through a Testamentary Charitable Remainder Trust, provide an income stream to the beneficiary for their lifetime with greatly reduced taxes, and provide a charity or charities with much-needed funds. The only one who loses out is Uncle Sam. Most people are just fine with that. This is taken from a presentation at a national estate planning conference.

Part 1 focuses on the different techniques while part 2 covers questions and answers from other professionals in attendance.

Check out the YouTube video version here.

Stretching an Inheritance Over a Lifetime--Part 1 of 2

The income taxes on a beneficiary when they inherit a retirement account can be astronomically high.

A half a million IRA can add more than $50,000 a year to the beneficiary’s taxable income each year for a decade. But what can you do? You can leverage a charity’s tax-free status through a Testamentary Charitable Remainder Trust, provide an income stream to the beneficiary for their lifetime with greatly reduced taxes, and provide a charity or charities with much-needed funds. The only one who loses out is Uncle Sam. Most people are just fine with that.

This is taken from a presentation at a national estate planning conference.

Part 1 focuses on the different techniques while part 2 covers questions and answers from other professionals in attendance.

Check out the YouTube video version here.

Stranded! 3 Planning Lessons From Hurricane Helene

The recent devastation in Western North Carolina, Eastern Tennessee, and other part of the country left a lot of people stranded without even the basic necessities.

I was personally caught up in that for about 48 hours, and my situation wasn’t nearly as bad as some others. However, those 48 hours gave me a lot of time to reflect on planning ahead and how people tend to approach planning. Yes, this an estate and Medicaid planning podcast channel, and I do address 3 big lessons from this experience.

Check out the YouTube video version here.

#estateplanning #hurricane

Panic at the Probate Court! Part 3 of 3

PART 3 OF 3

Probate can be complicated, and the proof a court requires can be arduous for most non-lawyers.

But how do assets end up in probate?

What happens to them when they do?

Does the Will cover everything?

Is the process always the same?

In this three-part series recorded at a national estate planning conference in September of 2024, Jeffrey G. Marsocci breaks down in plain English the general probate process with examples from North Carolina’s system. In the end, many people want to avoid the costly, time-consuming, and frustrating probate court process, but just in case assets do end up in probate, this series will help you understand the basics.

Check out the YouTube video version here.

#estateplanning #probate

Panic at the Probate Court! Part 2 of 3

PART 2 OF 3

Probate can be complicated, and the proof a court requires can be arduous for most non-lawyers. But how do assets end up in probate? What happens to them when they do? Does the Will cover everything? Is the process always the same?

In this three-part series recorded at a national estate planning conference in September of 2024, Jeffrey G. Marsocci breaks down in plain English the general probate process with examples from North Carolina’s system. In the end, many people want to avoid the costly, time-consuming, and frustrating probate court process, but just in case assets do end up in probate, this series will help you understand the basics.

Check out the YouTube video version here.

#estateplanning #probate

The Big Probate Secret!

I’m pulling back the curtain on the #1 probate mistake that could cost your family time, money, and stress. Most people think a revocable living trust magically avoids probate, but the truth? It’s only half the battle!

Listen to this podcast episode to learn how probate really works, the biggest mistake people make, and what you must do to truly protect your assets.

Check out the YouTube video version here.

Trust 101 with Charitable Giving Presentation | Part 1 of 2

What happens when you don’t have an estate plan? The government steps in and trust me, their plan isn’t what you think! In this video, we emphasize the need for estate plans to avoid issues, explaining probate, wills, and revocable living trusts. We also highlight the complexities of inheritance laws, the benefits of trust funding, and the potential pitfalls of simple beneficiary designations. This is just PART 1!

Check out the YouTube video version here.

Trust 101 with Charitable Giving Presentation | Part 2 of 2

Now for PART 2! If you thought Part 1 was eye-opening, there’s more you need to know! I’m sharing a couple more of the most chaotic estate cases I’ve ever encountered. You need to hear these stories! They’re real-life examples of why proper estate planning matters.

👉 Missed Part 1? Be sure to listen to it first!

Check out the YouTube video version here.

Three Massive Myths of Estate Planning

These are some of the most dangerous myths people believe about estate planning and they could lead to legal DISASTERS. In this video, I break down 3 massive myths (plus a SHOCKING bonus!) that too many people fall for when planning their estates.

💡 Real talk, no fluff. Just straight-up truth about wills, trusts, probate, taxes, and what the law really says.

Check out the YouTube video version here.

"Get Your Ducks in a Row!" | Organize Your Estate the Smart Way

Feeling overwhelmed by paperwork and not sure which documents actually matter in your estate plan? You’re definitely not alone and this episode is here to help!

I sat down with Maggie Alcock, founder of Rowing Ducks, to talk about the real steps you can take to get your essential documents in order before crisis hits. From practical organizing tips to must-have paperwork, this conversation is packed with valuable info for anyone wanting peace of mind.

👉 Listen now and get more info at www.RowingDucks.com

Check out the YouTube video version here.