Daniel Bernard is The Snowbird Lawyer. What's that mean, you ask? A snowbird is someone who typically has their their primary residence somewhere in the northern part of the US or Canada, and spends the colder winter months in somewhere warmer, such as Florida, the Caribbean, or the Sun Belt.
You don't have to be thinking about becoming a snowbird any time soon to enjoy this episode, learn a few things about what the perfect time in your life for estate planning is right now (whether you need to draft a will, update existing documents because of life events, establish power of attorney, or the many other official, legal plans that you're possibly putting off!)
Daniel *literally* wrote the book on Estate Planning for Snowbirds
Daniel focuses his practice on estate planning, trust and estate administration, estate tax planning, business succession planning, and estate litigation, with an emphasis on estate planning for snowbirds.
For the large majority of snowbirds, their decision to leave the cold winter months for somewhere warmer is a quality-of-life decision. For higher net worth individuals, there are major tax implications for where and why they choose to snowbird.
According to Daniel there are 3 Tiers of Snowbirding:
1. Renting a place or simply spending time somewhere warmer
2. People who actually buy a place in a snowbird-friendly state
3. High Net Worth individuals with estate tax considerations on where they domicile
After listening to this episode, you will walk away with actionable ways to plan your estate and keep your assets, whether you're 18 and just getting started, or 45 and working toward retirement. And if you're actively thinking about snowbirding, this chat is definitely for you!
-- What are snowbirds?
-- Why do people maintain two homes?
-- The 3 Tiers of Snowbirding
-- Tax planning considerations
-- When should you begin an estate plan?
-- Snowbirding as a verb
-- Planning your estate and keeping your assets
-- What is a Health Care Proxy?
-- What does Power of Attorney mean?
-- When should you begin estate planning?
-- How often should you update your estate plan?
-- Trusts and probate
-- How Daniel discovered this niche practice area
Estate Planning for Snowbirds website - https://estateplanningforsnowbirds.com/
Daniel Bernard on LinkedIn - https://www.linkedin.com/in/danielrbernard/
Email - dbernard@suffolklaw.com
Join Jason Muth from Straightforward Short-Term Rentals and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast!
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