Estate Planning expert Jim Burch explains who doesn't need to worry about setting up a trust as well as the 5 benefits to setting up a trust for those who would consider this as part of their estate plan.

Jim Burch is the owner of Easy Legal Planning. He is has been helping families put together their estate plans for over 20 years and you can reach him at EasyLegalPlanning.com or service@easylegalplanning.com

He explains:

▫️Who doesn't need a trust, but should still think about their plan

▫️The 5 benefits of a trust vs a will

▫️How to go about setting up a revocable living trust.

Important Links:

▫️Estate Planning 101 Video

https://youtu.be/nkFQmsdCW-I

⏱ Timestamps:

00:00 Intro

00:15 Who Doesn't Need a Trust

01:26 Trust vs Estate Plan

1:52 Why A Trust Does Make Sense

3:05 Avoiding Probate

6:45 Privacy Concerns

8:27 Control Over Estate

12:45 Plan A, B, & C

17:05 Organization and Ease

20:22 Where to Get Help

The Retirement Nerds:

⬜️ Join The Retirement Nerds circle here - https://theretirementnerds.com/

⬜️ Join the Monthly Retirement Nerds Newsletter here - https://theretirementnerds.com/newsletter/

PLEASE NOTE:

This video is for education purposes only.It does not constitute legal advice for your specific situation.

CPA and tax expert Daniel Astleford shares a simple story of a retiree who got spooked by the news and decided to pull all retirement investments. This triggered a steep and expensive tax bill for this individual who used the money and didn't share what they had done with their advisors. When the tax man came calling, they didn't have enough to cover their tax liabilities.

Daniel Astleford is a Certified Public Accountant (CPA) and runs his own accounting firm.

HERE IS WHERE TO FIND DANIEL:

Website: https://danielthecpa.com/

LinkedIn: https://www.linkedin.com/in/daniel-astleford/

He explains:

▫️Why listening to the wrong people can cost you thousands

▫️Basic tax planning tips

▫️How a tax professional can plan and help you keep more of your money

▫️What working with a tax professional looks like.

⏱ Timestamps:

00:00 Intro

02:04 Building a Team Around You

03:52 The Big Retirement Mistake

06:38 The Tax Consequences

11:36 It Could Have Been Reversed

12:52 Silent Destruction of Finances

15:40 Strategy 1: 3-Year Plan

19:06 Strategy 2: 4-Year Plan

21:32 When a CPA Makes Sense

27:34 Where to Get Help

The Retirement Nerds:

Join The Retirement Nerds circle here - https://theretirementnerds.com/

Join the Monthly Retirement Nerds Newsletter here - https://theretirementnerds.com/newsletter/

Disclosure:

This podcast is intended for informational purposes only, and is not a substitute for personal advice from Daniel. Please consult with your legal or tax professional for advice prior to implementing any strategies discussed during this podcast.

Financial expert Zacc Call details how small, weekly financial checkpoints can completely transform your relationship with money and help you have Your Best Financial Year. Zacc Call is a financial advisor and the President of Capita Financial Network. He is an expert in financial and retirement planning. He and his team have produced a weekly task list covering 8 financial categories that act as simple checkpoints to ensure your finances are in order. He has his own YouTube channel called Zacc Call | Money Education.He explains:▫️Why financial conversations can feel so overwhelming▫️The "Your Best Financial Year" program and how it works▫️How small weekly habits can shape financial freedom▫️The hidden secret of overnight success. *hint* It's not overnight.HERE IS WHERE TO GO FOR "YOUR BEST FINANCIAL YEAR"https://www.capitafinancialnetwork.com/your-best-financial-yearImportant Links:▫️The 7 Prosperity Projects BOOK:https://amzn.to/4dvxWgA▫️The 7 Prosperity Projects VIDEO:https://youtu.be/voWbWZ9tu04▫️How small weekly habits can shape financial freedom▫️The hidden secret of overnight success. *hint* It's not overnight.⏱ Timestamps:00:00 Intro 00:28 My Best Financial Year: FOMO01:18 The "Your Best Financial Year" Program03:16 7 Prosperity Projects vs YBFY Program6:08 8 Components of Financial Planning10:14 How to Get It and The Cost13:01 Example: Estate Planning Tasks18:40 Example: Investment Balance Tasks23:50 Example: Cash Flow Management Tasks27:48 Where Your Focus Rests29:21 Why Does Zacc Do This?35:35 More Detailed Breakdown of The Program37:39 Starting This Program38:07 First 4 Weeks44:08 Your Turn to ShareFollow Zacc:YouTube - https://www.youtube.com/@ZaccMoneyEducationWebsite - https://www.capitafinancialnetwork.com/YBFY Weekly Newsletter Sign Up - https://www.capitafinancialnetwork.com/your-best-financial-yearThe Retirement Nerds:⬜️ Join The Retirement Nerds circle here - https://theretirementnerds.com/⬜️ Join the Monthly Retirement Nerds Newsletter here - https://theretirementnerds.com/newsletter/Disclosure: This podcast is intended for informational purposes only, and is not a substitute for personal advice from Capita. This is not a recommendation, offer, or solicitation to buy or sell any security. Past performance is not indicative of future results. There can be no assurance that investment objectives will be achieved. Different types of investments involve varying degrees of risk, including the loss of money invested. Therefore it should not be assumed that future performance of any specific investment or investment strategy, including the investments or investment strategies recommended or proposed by Capita will be profitable. Further, Capita does not provide legal or tax advice. Please consult with your legal or tax professional for advice prior to implementing any strategies discussed during this podcast. Certain information discussed during this podcast is based upon forward-looking statements, information and opinions, including descriptions of anticipated market changes and expectations of future activity. Capita believes that such statements, information and opinions are based upon reasonable estimates and assumptions. However, forward-looking statements, information and opinions are inherently uncertain and actual events or results may differ materially from those reflected in the forward-looking statements. Therefore, undue reliance should not be placed on such forward-looking statements, information, and opinions. Registration with the SEC does not imply a certain level of skill or training.