Estate Planning 101: How To Create Your Trust, Minimize Your Taxes & Maximize Your Legacy скачать в хорошем качестве

Estate Planning 101: How To Create Your Trust, Minimize Your Taxes & Maximize Your Legacy

John and Susan, aged 68 and 60, are concerned about their estate planning. They have $3 million in assets, including their $800,000 home, two investment properties worth $1.2 million, a $600,000 IRA, a $200,000 brokerage account, and $100,000 in bank accounts. The goal is to ensure their assets transfer smoothly to their three children while protecting the estate from unnecessary taxes, legal challenges, and potential family conflicts. Their biggest risks include improper property titling, missing beneficiary designations, and potential tax issues for their heirs. If not addressed, their estate could go through probate, their children could face high taxes on inherited IRAs, and there could be disputes over asset distribution. Sebastian recommends setting up a revocable living trust, assigning the right beneficiaries, and using strategies to minimize tax liabilities. He discusses converting the IRA to a Roth IRA, creating asset protection trusts, establishing medical and financial directives, and carefully structuring property ownership. Please note it’s important to work with financial planners and estate planning attorneys to implement these complex strategies effectively. ======================= 🔗 Book an appointment → https://calendly.com/guerrawealthadvi... and on Guerra Wealth Advisors' YouTube Channel → ‪@GuerraWealthAdvisors‬ _ _ ⏱Timestamps:⏱ 00:00 - Intro 00:23 - John and Susan’s financial overview 1:06 - Beneficiary designation 2:30 - Disclaimer about beneficiary designation 3:05 - Probate and beneficiary designation risks 6:18 - Family inheritance strategies to reduce taxes and avoid probate 10:16 - Capital gains tax considerations 11:49 - Estate tax considerations 14:10 - Power of Attorney and Medical Directives 15:24 - Protecting inherited wealth from lawsuits 16:41 - Takeaways We are an independent financial advisory firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives. Securities offered through Guerra Advisory Services, a Registered Investment Adviser firm, registered with the U.S. Securities and Exchange Commission (SEC). View our YouTube Disclaimer Policy here: https://guerrawealth.com/privacy-policy/