How Much Estate Planning Do You Actually Need?

Most estate planning content starts by assuming you need a trust. This one doesn't.

I sat down with Jim Burch to walk through the entire range — from doing nothing at all, up through irrevocable trusts — so you can figure out where you actually sit instead of being sold the top of the ladder.

If you've never thought about estate planning, this is the whole map in one video. If you already have documents in place, the beneficiary designation section and the irrevocable trust discussion are worth your time.

🤝 NEED HELP WITH ESTATE PLANNING?

Reach out to Jim and his team here:

https://easylegalplanning.com/

Check out our resources at https://TheRetirementNerds.com/

JOIN OUR FREE NEWSLETTER:

Our newsletter has monthly retirement tips, book recommendations, and personal stories!

https://theretirementnerds.com/newsletter/

⏰ TIME CODES

0:00 Intro

1:41 When to Do Nothing

7:40 Understanding the Will

19:23 When a Will Makes Sense

22:28 Living Will Clarification

24:18 Advanced Directive Clarification

26:11 Revocable Living Trusts

36:36 Role of Successor Trustee

41:38 When to Change A Revocable Trust

51:24 Special Needs Trusts

54:48 Funding a Trust

1:04:15 Costs of a Revocable Trust

1:08:22 Irrevocable Trusts

1:14:26 Where to Get Help

=============================

#estateplanning #willvstrust #theretirementnerds #retirementnerds #finance #medicare

Disclaimer:

This video is for educational purposes only. This is not legal advice. Work with an estate planning professional before executing on any estate planning decisions.

Most retirees have both a CPA and a financial advisor — but very few know which one to call for which problem. Erik Soderborg from The Retirement Nerds, Zacc Call from Capita Financial Network, and Daniel Astelford from DanielTheCPA.com break down exactly what each professional is trained to do, where their responsibilities overlap, and where each one risks giving you advice outside their lane.

EPISODE 2 LINK:https://www.youtube.com/watch?v=RQwkUCCwnDA

If you're approaching retirement and want help with financial planning, Social Security timing, or investment management, visit CapitaFinancialNetwork.com to connect with Zacc's team.

If you need a good CPA in your life, you can connect with Daniel at DanielTheCPA.com

For Medicare plan selection (Medigap or Medicare Advantage), visit TheRetirementNerds.com.

Check out our resources at https://TheRetirementNerds.com/

Join our newsletter for monthly tips, book recommendations, and personal stories!

https://theretirementnerds.com/newsletter/

⏰ TIME CODES ⏰

0:00 Intro

2:00 Important Financial Planning Definitions

6:23 Important Accountant Definitions

8:50 Roles the CFP Fills

11:53 Roles of the CPA

13:36 When a CFP would bring in to a CPA

26:09 When a CPA would bring in a CFP

27:51 Bringing in Other Professionals

36:59 CFPs are Prophets, CPAs are Historians

39:37 Friction Between CFPs and CPAs

42:30 Financial Friction Points

50:55 Human Side of Business

58:05 What is Nirvana between CFP & CPA

1:07:56 How to Approach a CPA Relationship

1:11:06 Interviewing a CFP

1:17:38 Where to Get Help

1:20:09 The Tradition

=============================#medicare #theretirementnerds #socialsecurity #retirementnerds #finance

Federal Disclaimer:

We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.

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.

Most grandparents default to a 529 — but depending on your situation, it might not be the best choice for your grandkids' future.

In this video, financial advisor Zacc Call (Capita Financial Network) breaks down all 7 accounts you can use to invest in your children or grandchildren's financial future — including tax advantages, who controls the money, eligible expenses, and how each one affects college financial aid.

FREE DOWNLOADS:

The Quick and Easy Cheat Sheet Grid can be downloaded here:

https://theretirementnerds.com/child-account-guide-2/

Zacc's complete guide is being finalized and the full version is almost done.

You can sign up to receive it as soon as it is complete here:

https://www.capitafinancialnetwork.com/education-center/trump-accounts-guide

⏰ TIME CODES ⏰

0:00 – Introduction

2:56 – 7 Account Types

6:45 – 4 Attributes

8:20 – Kiddie Tax & Financial Aid

12:23 – 529 Savings Account

18:50 – Custodial Account (UTMA & UGMA)

23:51 – Individual Brokerage Account

27:10 – Custodial Roth IRA

30:54 – Fidelity Youth Account

35:16 – Schwab Teen Investor Account

38:09 – The Trump Account (NEW)

44:30 – Financial Advisor Dynamic

46:30 – What Zacc Does

52:04 – Where to Get Help

💡 WANT HELP WITH YOUR OWN RETIREMENT PLAN?→ Financial Planning with Capita Financial Network (Zacc Call):

https://capitafinancial.com

→ Medicare Plan Help (Medigap & Medicare Advantage):

https://theretirementnerds.com

→ Estate Planning (Revocable Living Trusts):

https://EasyLegalPlanning.com

🔔 SUBSCRIBE for straight-talk retirement education — Medicare, Social Security, financial planning, and estate planning explained without the sales pitch.

#RetirementPlanning #Grandparents #KidsInvesting#medicare #theretirementnerds #socialsecurity #retirementnerds #finance

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.

=============================#medicare #theretirementnerds #socialsecurity #retirementnerds #finance

Federal Disclaimer:

We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.