The Plain English Legal Podcast

The ONE WORD That Can Save Millions After a Spouse Dies

When a spouse passes on, it is never easy. However, among the many tasks that have to happen during this critical time, looking at taxes and expenses now versus in the future can potentially save millions. In this installment, Jeff reviews three different scenarios with only one saving a family nearly two million dollars in the long run simply based on a one-word technique.

SPECIAL UPDATE: More on 5 Techniques That Cut Cheating Spouse From The Estate Plan

When recording the previous podcast, we didn't know there was going to be another update, but there was. In this episode, Jeff (admittedly suffering from a cold) reviews how the husband with a terminal diagnosis who found out his wife was cheating revealed everything to her.

Setting Up the Family for Estate Success

When someone asks an open ended question about establishing an estate plan that sets the family up for success, there are a lot of opportunities. But these steps represent potential opportunities that don’t need to be set up at the beginning. In this video, Jeff reviews a core estate plan with potential “add-ons” in the future that can help set up three generations for protected inheritances and business protection. #estateplanning #revocabletrust

5 Techniques That Cut Cheating Spouse From The Estate Plan

A wealthy business man finds out his wife is cheating on him with his business partner the same day the doctors diagnose him with stage 4 pancreatic cancer. He immediately starts making moves to cut her out of his estate and give everything he can to his children and grandchildren.

#cheatingspouse #estateplanning #trusts #divorce

What Happens When Someone Dies With or Without a Will?

Estate Planning is not a one-size-fits-all process with only one solution, but there are a lot of misconceptions around what happens when someone passes on with or without a Will. In this outtake from the full Trust 101 Webinar, we review some of the very broad basics surrounding an estate administration. For the full webinar, go to http://trust101webinar.com.

#estateplanning #lastwillandtestament #probate

Inheritances in Blended Family Estate Planning

“What’s fair?” is a question I tend to hear in estate planning strategy sessions. This is particularly true when it comes to blended families, because assets brought to the marriage may not be equal and there are children in the picture from previous relationships. Then, to complicate the question of what is fair, there may be children born in this marriage. Should everything just be divided equally, or are there other options? In this podcast, Jeff reviews the different blended family estate planning inheritance options that he uses in his own practice. #estateplanning #blendedfamily 

http://www.blendedfamilyestateplanningwebinar.com/ 

Selling a House DURING the Medicaid Planning Process

Medicaid Planning is complicated enough, but it is also a longer process than many think. But then life intrudes, and sometimes the question is “Can we sell the house during the Medicaid process, or will that mess up Mom/Dad’s Medicaid?” The simple and useless answer is “It depends.” In this installment, Jeff reviews two of the main Medicaid planning techniques involving a house that he uses in his business, and what the contrasting results would be. This is definitely not one of those “go ahead and ask forgiveness later” scenarios. #Medicaid #realestate

Medicaid or Moneyball--Part 4 of 4

When faced with a long term care crisis and the accompanying astronomical monthly costs, families often push to keep doing things the same way they always have, just better or more efficiently. They keep pushing ahead with their fingers crossed that, somehow, they can preserve enough money to pay the $10,000+/month nursing home bill and not run out of money. It doesn’t work. They have to think differently. That is exactly what the movie Moneyball was all about. By thinking of things differently, boiling it down to the things that matter and sifting out what doesn’t, the Oakland A’s, one of the poorest teams, were able to achieve astounding results. In this four part video series, Jeffrey G. Marsocci, The Plain English Attorney™, analyzes some key points in the movie that align with how families and professionals should approach the Medicaid Planning process. Check out the FREE webinar "Paying for Long Term Care" at https://www.payforlongtermcare.com #Medicaid #Moneyball #longtermcare #nursinghome #fairuse

Medicaid or Moneyball--Part 3 of 4

When faced with a long term care crisis and the accompanying astronomical monthly costs, families often push to keep doing things the same way they always have, just better or more efficiently. They keep pushing ahead with their fingers crossed that, somehow, they can preserve enough money to pay the $10,000+/month nursing home bill and not run out of money. It doesn’t work. They have to think differently. That is exactly what the movie Moneyball was all about. By thinking of things differently, boiling it down to the things that matter and sifting out what doesn’t, the Oakland A’s, one of the poorest teams, were able to achieve astounding results. In this four part video series, Jeffrey G. Marsocci, The Plain English Attorney™, analyzes some key points in the movie that align with how families and professionals should approach the Medicaid Planning process. Check out the FREE webinar "Paying for Long Term Care" at https://www.payforlongtermcare.com #Medicaid #Moneyball #longtermcare #nursinghome #fairuse

Medicaid or Moneyball--Part 2 of 4

When faced with a long term care crisis and the accompanying astronomical monthly costs, families often push to keep doing things the same way they always have, just better or more efficiently. They keep pushing ahead with their fingers crossed that, somehow, they can preserve enough money to pay the $10,000+/month nursing home bill and not run out of money. It doesn’t work. They have to think differently. That is exactly what the movie Moneyball was all about. By thinking of things differently, boiling it down to the things that matter and sifting out what doesn’t, the Oakland A’s, one of the poorest teams, were able to achieve astounding results. In this four part video series, Jeffrey G. Marsocci, The Plain English Attorney™, analyzes some key points in the movie that align with how families and professionals should approach the Medicaid Planning process. Check out the FREE webinar "Paying for Long Term Care" at https://www.payforlongtermcare.com #Medicaid #Moneyball #longtermcare #nursinghome #fairuse</p>