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Do You Really Need a Living Trust? | Estate Planning 101 with Jim Burch
Having the control to plan what happens to your estate (or stuff) when you die is important to people. If you have property, kids, or financial assets, you want to control who gets what should you pass away.
Jim Burch of EasyLegalPlanning.com outlines the important aspects of Estate Planning.
What to expect if you do nothing.
Is a Will sufficient, or does a Living Trust make more sense?
Watch to learn all of the key aspects of a complete estate plan to take care of you and your family.
Want your estate plan set up?
Jim and his team can complete your estate plan in all 50 states.
https://easylegalplanning.com/
Or, reach out to me to connect you to Jim.
=============================
Find more retirement 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
1:35 Jim's Background
3:11 What is Estate Planning
4:15 What happens if you do nothing
9:01 A place for a Will
14:31 When do I need a trust?
18:25 Controlling a Trust
20:26 Successor trustee responsibilities
25:08 Revocable vs Irrevocable Trust
29:20 Special Needs Trusts
32:09 Common mistakes with trusts
33:20 How to fund a trust
52:47 Role of a notary
57:30 Transfer deed to trust
58:35 Update beneficiary designations
58:45 How a will and trust work together
1:02:48 Durable Power of Attorney (Finances)
1:05:29 Healthcare Directive
1:11:16 How to start an estate plan
1:13:42 Cost to do an estate plan
1:15:54 Where to contact Jim
=============================
#estateplanning #livingtrust #livingwill #willvstrust #theretirementnerds #retirementnerds
PLEASE NOTE:
This video is for education purposes only.
It does not constitute legal advice for your specific situation.
View all episodes
By Erik Soderborg
5
44 ratings
Having the control to plan what happens to your estate (or stuff) when you die is important to people. If you have property, kids, or financial assets, you want to control who gets what should you pass away.
Jim Burch of EasyLegalPlanning.com outlines the important aspects of Estate Planning.
What to expect if you do nothing.
Is a Will sufficient, or does a Living Trust make more sense?
Watch to learn all of the key aspects of a complete estate plan to take care of you and your family.
Want your estate plan set up?
Jim and his team can complete your estate plan in all 50 states.
https://easylegalplanning.com/
Or, reach out to me to connect you to Jim.
=============================
Find more retirement 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
1:35 Jim's Background
3:11 What is Estate Planning
4:15 What happens if you do nothing
9:01 A place for a Will
14:31 When do I need a trust?
18:25 Controlling a Trust
20:26 Successor trustee responsibilities
25:08 Revocable vs Irrevocable Trust
29:20 Special Needs Trusts
32:09 Common mistakes with trusts
33:20 How to fund a trust
52:47 Role of a notary
57:30 Transfer deed to trust
58:35 Update beneficiary designations
58:45 How a will and trust work together
1:02:48 Durable Power of Attorney (Finances)
1:05:29 Healthcare Directive
1:11:16 How to start an estate plan
1:13:42 Cost to do an estate plan
1:15:54 Where to contact Jim
=============================
#estateplanning #livingtrust #livingwill #willvstrust #theretirementnerds #retirementnerds
PLEASE NOTE:
This video is for education purposes only.
It does not constitute legal advice for your specific situation.
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