Shows
Live Life and Plan for a Better TomorrowEpisode 59 Can a Spouse Inherit after a Legal Separation.Anthony Bourdain, the famous foodie traveler, past away last year. When he died, he was legally separated from his wife but not legally divorced. The question arises as to whether the wife can still inherit from his estate. Stay tuned for the answer.2019-12-1309 minLive Life and Plan for a Better TomorrowEpisode 58 Unmarried Couples and Non Traditional RelationshipsThis is directed at those who have chosen not to marry or are in states where particular unions are not recognized ie gay marriage.2019-12-1308 minLive Life and Plan for a Better TomorrowEpisode 57 What is Your Most Important Asset?There’s much ado about our valuable possessions and investments and assets. The answer may surprise as it has nothing to do with your house, retirement plan or other assets per Se.2019-12-1308 minLive Life and Plan for a Better TomorrowEpisode 56 - What is your most important asset? It’s not what you thinkThis podcast/video is about the importance of having disability insurance and why you absolutely need it.2019-12-0510 minLive Life and Plan for a Better TomorrowHappy Thanksgiving and F*ck Black FridayThis holiday season let us emphasize the value of our family and friendships over material possessions.2019-12-0310 minLive Life and Plan for a Better TomorrowEpisode 54 Worst Case Scenario #2Jack and Jill have a son named Joe. They decide to put Joe's name on assets under a joint ownership so as to avoid probate and estate planning. What can possibly go wrong?2019-11-0906 minLive Life and Plan for a Better TomorrowEpisode 53 - Parents (Sometimes) Just Don’t UnderstandThis is a video about parenting yes. And I give one common sense advice that every parent is going to say yeah duh, but do we practice it? The advice is listen, observe and nurture your child's passion. In doing so, please avoid the 5 parenting styles I describe in this video. My two cents. Take it for what it is worth.2019-11-0923 minLive Life and Plan for a Better TomorrowEpisode 52 Worst Case Scenario 1This is a short quick hit video about a possible worst case scenario. Jill, a widower has 2 children and remarries Jack who is also a widower with 2 children. They draft up mirror image wills. What can possibly go wrong?2019-11-0804 minLive Life and Plan for a Better TomorrowEpisode 51 Irrevocable Life Insurance TrustILIT is a very important tool you can use if you want to get significant estate tax benefits.2019-11-0106 minLive Life and Plan for a Better TomorrowEpisode 50 - Medicaid Planning.Another predator in the estate planning context is the Nursing Home. Long term care in the US is expensive and can drain your accounts. Consider Medicaid planning as part of your overall estate planning.2019-11-0108 minLive Life and Plan for a Better TomorrowEpisode 49 For Snoopy - Pet TrustFor your beloved pets, you can take care of them through a Pet Trust.2019-10-3006 minLive Life and Plan for a Better TomorrowEpisode 48 Plane Crash - Both Parents DeadWhat happens to the child if both parents were to die together at the same time? Have you chosen a guardian?2019-10-3009 minLive Life and Plan for a Better TomorrowEpisode 47 - Financial Mindset, Compound interest, and Goal settingThis is an episode about having the right financial mindset, capitalizing on the power of compound interest and tips on goal setting.2019-10-2613 minLive Life and Plan for a Better TomorrowEpisode 46 To Joint or Not JointWe explore joint ownership of property and assets and how it bypasses the will. This may not be ideal in all situations. Tread carefully for your own situation.2019-10-2512 minLive Life and Plan for a Better TomorrowEpisode 45 Advance Healthcare DirectiveThis is an important document to have in your estate plan to lay down clear instructions as to what should happen should you become incapacitated or in a coma.2019-10-2508 minLive Life and Plan for a Better TomorrowEpisode 44 - Best Part of Being Human is that we will DieThe irony here is that death gives our lives actual meaning and purpose. I explore this idea with the idea that experiences Trump material wealth in helping us pursue what is important to us ultimately - our family and friends.2019-10-2310 minLive Life and Plan for a Better TomorrowEpisode 43 - Young people and 3 Financial PillarsYoung people may believe because they don’t have much in material wealth that there is no reason to plan. But good estate planning involves good financial planning today.2019-10-2310 minLive Life and Plan for a Better TomorrowEpisode 41 - How do I know if I need a trust?A common question I get is should I get a Will or Trust. Here are some questions and guidelines you can use to help you decide which instrument is best for you.2019-10-2207 minLive Life and Plan for a Better TomorrowEpisode 40 - what is per stirpesPer Stirpes is a Latin legal term meaning by the branch or root. An estate of a decedent is distributed per stirpes if each branch of the family is to receive an equal share of the estate. While this may seem clear cut, things get a little complicated when children predecease you and then there are different laws that produce different results ie common law vs UPC.2019-10-1713 minLive Life and Plan for a Better TomorrowEpisode 39 Property you should not include in your willWhile I have previously said you should put all your property in your will there are some assets and property that you should not include in your will.2019-10-1607 minLive Life and Plan for a Better TomorrowEpisode 38 - Lose Lose Lose and You will Always Be a WinnerThink of losing in the sense of trying new things, where you are not afraid to pursue something new. Losing is more of an area of opportunity and if you discover you are really no good at something, at least you can move on without regrets.2019-10-1609 minLive Life and Plan for a Better TomorrowEpisode 37 Description of PropertyIt is important to put everything you own in the will including the provisions on how they should be distributed and to whom. It goes without saying that you should be descriptive and specific regarding your property.2019-10-1508 minLive Life and Plan for a Better TomorrowEpisode 36 Fundamentals of Drafting a Will - Description of Recipients.Words matter. Using the right words and offering definitions on the Will are important to accomplish your goals. This podcast is about describing the recipients and understanding the terms heirs, issues, descendants and beneficiaries.2019-10-1509 minLive Life and Plan for a Better TomorrowEpisode 35 - Deadly Isms and choosing right to write your own WillI watched a show called Deadly Isms wherein the show talked about Fascism (often associated with the right) and Socialism (associated with Left) were one and the same in terms of result: centralized government and state over individual and mass murders. Fortunately we live in a free society and while the state has a plan for you when you die, you should take advantage of directing and controlling how your estate should be administered.2019-10-1109 minLive Life and Plan for a Better TomorrowEpisode 34 - Economic Security and Meaningful Relationships.Professional success and money are just the means. The end is Economic Security and Meaningful Relationships. Invest in experiences with friends and family and not in things. Drive a Hyundai but take your wife to Paris.2019-10-1006 minLive Life and Plan for a Better TomorrowEpisode 29 - Decluttering Your Financial RecordsThis is a repost since the first one had audio problems. It’s a good idea to implement a system of organizing your financial docs and knowing how long to hold onto those docs and knowing when to shred those documents.2019-10-0921 minLive Life and Plan for a Better TomorrowEpisode 33 - Your Loved Ones Can Be PredatorsYou may want to sleep with one eye open. Just kidding. One of the most unsuspecting person we would consider a predator are the ones closest to us; spouse, kids, siblings2019-10-0910 minLive Life and Plan for a Better TomorrowEpisode 32 Your Most Important Documents.Here we touch on your most important documents like your SSN card, passport, birth certificates. I forgot to mention estate planning docs. Keep these important docs in a safe yet accessible place.2019-10-0814 minLive Life and Plan for a Better TomorrowEpisode 31 - Stop Keeping up with the KardashiansStop using unearned money or money you don’t have to buy things you don’t need to impress people you don’t like.2019-10-0808 minLive Life and Plan for a Better TomorrowEpisode 30 the creditor is the predatorStrive to live debt free. Creditors are the worst predators in terms of trying to separate you from your assets or bleeding you dry financially.2019-10-0815 minLive Life and Plan for a Better TomorrowEpisode 29 Decluttering your Financial Documents.It is a good idea to have a system for your personal finances and having a guideline as to when to destroy and shred documents. Maintaining your financial health is vital to estate planning.2019-10-0821 minLive Life and Plan for a Better TomorrowEpisode 28 - what does finding my trust mean?A Living Trust is a powerful estate planning document and it is crucial to fund the trust. If you don’t fund the trust, you defeat the whole purpose of the trust.2019-10-0409 minLive Life and Plan for a Better TomorrowEpisode 27 Don’t Be Like Nipsey HussleTalented rapper, entrepreneur, community activist left this world too soon when he was gunned down at his clothing store. He is survived by his children Emani and Kross. He died without a will.2019-10-0409 minLive Life and Plan for a Better TomorrowEpisode 1 - Do I need a will?People are squeamish about death and end of life and many people would rather not deal with it until it’s too late. Having a will as a basic foundation of your estate plan is critical. In this podcast, I also talk about what happens and who is in control if you die without a will. Life life, plan for a better tomorrow.2019-01-1406 min