The Plain English Legal Podcast

Trump Indicted!

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

Locking Up Inheritances?

Giving a large inheritance to a young adult can be disastrous, but how far should you go in locking it up? In this podcast, Jeff reviews different estate planning options and just how much protection can be provided. #estateplanning #revocabletrust #inheritance

Who Gets the Kids? Guardianship in Blended Families

A major topic in blended family estate planning is who should get guardianship of the children? The answers is not straightforward, but it can be. In this installment, Jeff reviews the main considerations when choosing who to nominate as guardian and what potential factors could actually go against your choice. #estateplanning #blendedfamilies #blendedfamily #guardianship

Momma’s Boy?! Athlete's Wife Loses in Divorce Because His Wealth is in His MOTHER's Name

In what is being hailed as a brilliant, protective move to save himself from losing in a divorce, soccer sensation Achraf Hakimi has been consistently directing his fortune to his mother’s name rather than accumulating it himself, so when his wife Hiba Abouk filed for divorce trying to claim half his wealth, she found out that he is actually broke. In this video, The Plain English Attorney lays out the potential vulnerabilities in this type of plan, and how, at least in the U.S., the divorce protection could have been done in a better and more efficient legal strategy using the right Trust and other legal documents. #divorce #assetprotection #soccer #achrafhakimi #prenup #premaritalagreement

Heir Raid! The Howard Hughes Probate Debacle

Airline and real estate magnate Howard Hughes lived an eccentric life and left behind an equally crazy estate mess to clean up. In this podcast, Jeff reviews a Washington Post article from 1981 about the billionaire’s colorful estate that should have wrapped up “in a few years,” as well as referencing a article he wrote 29 years later… and how someone claiming to be an heir of Howard Hughes only recently called his law office and demanded his staff give her her rightful inheritance. #estateplanning #revocabletrust #livingtrust #revocablelivingtrust #howardhughes #probate

Child's Pet Goat Seized by Police and Murdered?!

What happens when the government wants to "teach a lesson" to a 9 year-old by murdering her pet goat? A lawsuit. A lawsuit is what happens. In this episode, Jeff reviews and comments on an enraging contract dispute where both parties agree to let a child keep her pet goat... but the government decides different.

The Power of Attorney Doesn't Work! (With an Account in a Trust)

You need to use the right tool for a specific job. When it comes to estate planning with a revocable living trust, there are multiple tools involved. If an account is rightly titled in a revocable living trust, then someone using the power of attorney to gain access is likely to fail. So what are your options? In this installment, Jeff reviews why a durable general power of attorney doesn’t work on accounts in a trust and the possible solutions to grant financial access to someone else. Estate Planning Basics book: https://www.amazon.com/dp/193589613X Estate Planning Basics audiobook: https://www.plainenglishattorney.com/pl/2147622091 #estateplanning #revocabletrust #livingtrust #revocablelivingtrust #powerofattorney

When an Unequal Estate is Fair

Sometimes being fair does not mean being equal, and this often happens in estate planning. If one of two children got full scholarships for all of their education, but the other had the parents pay for expensive private schools through completion of a doctorate degree, is it still fair to leave an estate equally to the two children? In this installment, Jeff covers several estate situations that are fair but the allocations from the trust are not equal. #estateplanning #revocabletrust #livingtrust #revocablelivingtrust

Why Avoid Probate?

A common question when people begin looking at estate planning is whether or not one of their main goals is to avoid the probate court process. In this installment, Jeff reviews this exact question from a Reddit poster and what the community provides as advice. #estateplanning #livingtrust #reddit

7 Living Trust Mistakes

A revocable living trust can be a great estate planning vehicle that keeps your assets out of probate and minimizes settlement costs. However, there are (at least) seven big mistakes that Jeff has seen when it comes to putting together a revocable trust.

Also check out the FREE Trustee Cheatsheet download: https://www.plainenglishattorney.com/pl/2147653836 

#estateplanning #revocabletrust #livingtrust #revocablelivingtrust