The Plain English Legal Podcast

How to Disinherit a Child From an Estate Plan

Should you just leave a disinherited child a dollar? No! In this podcast, Jeff goes through the main principles in cutting out a child from an estate plan in a way that doesn’t complicate things.

For the YouTube video on this subject, check it out here: https://youtu.be/-Gd118dK6_Y 

#estateplanning #revocabletrust #livingtrust #revocablelivingtrust

Bank Screws Up Estate Plan?!

What happens when you have been with a partner for 30 years, but were never married because they never divorced their spouse? Despite a solid estate planning strategy with a revocable living trust, one slip up at the bank can cause disaster. In this review of a Reddit question on r/estateplanning, Jeff reviews how one mistake by the bank could cause much of an inheritance to go to the spouse they have been separated from for forty years and not their partner of thirty years. #estateplanning #bank #trust #reddit

Kicked Out!

What does it take for Jeff to kick someone out of his office? In this installment, Jeff puts out the question of whether a child is just clueless about estate planning or are they actively trying to steal the entire estate from their sibling with special needs? Get the details (anonymously, of course) and render your judgment. #estateplanning #specialneeds #fraud

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