The Plain English Legal Podcast

The Revenue Ruling Nothing Burger

It seems that even professional journals, newspapers, and magazines are no longer immune to clickbait, and it is confusing a lot of clients and their professional advisors. In this installment, Jeffrey G. Marsocci reviews how the IRS’s Revenue Ruling 2023-2 says absolutely nothing that hasn’t already been true for decades, and how one simple line of thinking could have prevented all of the unnecessary questions and panic.

For the video version, check it out on YouTube at: https://youtu.be/uOyVHmVS6NU

Introduction to The Divorce Firewall Strategy

Here is a quick introduction to The Divorce Firewall Strategy that Jeff gave at a national estate planning conference. Check out the book he referenced at www.DivorceFirewall.com

Planning for Huntington's Disease

An interview of The Plain English Attorney by Erika and Lauren from HD Reach about planning ahead for Huntington's.

Five Ways to NOT Leave an Inheritance

Having a solid estate plan often means having a revocable living trust that can distribute assets to your beneficiaries without probate. But how should those assets be distributed out of the trust? At age 18? With a mandate to pay for all education expenses? Through a stipend to a guardian? In this podcast, Jeff reviews five ways of distributing inheritances to avoid, and why other methods make more sense. Check out the free resources at www.LivingTrustLawFirm.com/downloads #estateplanning #revocabletrust #livingtrust #revocablelivingtrust

Revocable vs Irrevocable Trusts

I frequently get questions about the difference between revocable and irrevocable trusts. The truth is there are many different kinds of trusts, both revocable and irrevocable, but in this podcast I cover the different purposes, uses, and tax implications between 1) revocable living trusts, 2) irrevocable property trusts, and 3) irrevocable family trusts. Each of these trusts can be valuable part of an overall plan, but in the end they are just tools.... and you want the right tool for the right job.

The Joint Property Tax Trap

Putting your kids’ names on the deed to your house to avoid probate can lead to HUGE taxes down the road. In this podcast, Jeff reviews the downsides of the frequently used joint property “duct tape” solution, and why a revocable living trust can avoid probate AND these unnecessary taxes. Check out the free downloads at the law firm’s website at http://www.livingtrustlawfirm.com/downloads #jointproperty #estateplanning #revocabletrust #livingtrust #revocablelivingtrust

Just the FAQs, Ma'am (Volume 2)

What happens to assets outside a revocable living trust? Can probate be avoided using joint tenancy? Do I need a trust if I have less than $13 million? In this multi-part series, attorney Jeffrey G. Marsocci reviews some basic estate planning questions in his straightforward, plain English style.

Freebies and Offers

CHEAT SHEETS www.LivingTrustLawFirm.com/downloads

ESTATE PLANNING BASICS BOOK Book for sale on Amazon: http://www.estateplanningbasicsbook.com Audiobook for sale with free pdf download: http://www.estateplanningbasicsaudiobook.com

IRAs and Revocable Trusts... A Tax Mistake?

If a revocable living trust is supposed to be the “estate plan,” then why aren’t retirement accounts transferred into the trust or payable to the trust upon death? Based on some questions from clients creating a revocable living trust and IRA Trusts, this episode covers the different funding options for retirement accounts and why in some instances retirement accounts may never go into the living trust at all. #finance #revocabletrust #livingtrust #revocablelivingtrust #retirement

Just the FAQs, Ma'am (Volume 1)

What happens if I don’t have a Will? Why didn’t my attorney tell me about revocable living trusts? Do I need a trust if I have less than $13 million? In this multi-part series, attorney Jeffrey G. Marsocci reviews some basic estate planning questions in his straightforward, plain English style.

#estateplanning #revocabletrust #livingtrust #revocablelivingtrust

Trump Indicted!

A review of what the 34 count indictment against Donald Trump by the Manhattan Grand Jury means and doesn't mean.