Estate Planning with Fexingo: Wills, Trusts, and Passing Wealth to Future Generations

Episode 129 of Estate Planning with Fexingo explores the Spousal Lifetime Access Trust (SLAT), a powerful estate planning tool that lets you remove assets from your taxable estate while keeping your spouse as a discretionary beneficiary. Lucas breaks down how a SLAT works, using a concrete example: a couple with a $15 million estate, where moving $5 million into a SLAT can save roughly $2 million in estate taxes. Luna challenges whether the loss of direct control is worth it, and they discuss the risks of divorce and the 'reciprocal trust' doctrine. This episode is perfect for married couples with significant assets who want to reduce estate taxes without locking away all their wealth. The hosts also explain why they keep the show ad-free and invite listener support at buy me a coffee dot com slash fexingo.

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In this episode of Estate Planning with Fexingo, Lucas and Luna dive into the Family Limited Partnership (FLP) — a powerful but often misunderstood estate planning tool. They explain how an FLP works, using a concrete example: a family with a $15 million real estate portfolio. By transferring properties to an FLP and gifting limited partnership interests to the next generation, the family can reduce estate taxes by over $2 million while maintaining control. Lucas and Luna discuss the key requirements: a legitimate business purpose, proper valuation discounts, and strict adherence to IRS rules to avoid audit triggers. They also compare FLPs to dynasty trusts and LLCs, highlighting when an FLP makes sense. If you're a business owner or real estate investor looking to pass wealth efficiently, this episode gives you the framework to start the conversation with your advisor.

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Lucas and Luna explore Grantor Retained Income Trusts (GRITs), a powerful but underused estate planning tool that lets you transfer assets to heirs at a deep discount on gift tax. They walk through a concrete example: a business owner transfers $5 million of appreciating stock into a GRIT, retains income for 10 years, and the IRS values the remainder at just $2.1 million — saving over $1 million in gift tax compared to an outright gift. The episode covers the mechanics, the IRS '7520 rate' that determines the discount, the key risk if the grantor dies during the term, and why this strategy thrives in low-interest-rate environments. No prior episode has focused on the GRIT's income-first structure and its synergy with today's rate climate.

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In this episode of Estate Planning with Fexingo, Lucas and Luna explore dynasty trusts—an estate planning tool designed to preserve wealth across multiple generations while minimizing estate taxes. They break down how a dynasty trust works, including the role of generation-skipping transfer tax exemptions and state-level rules on perpetuities. Using a concrete example of a $10 million trust that compounds over 90 years, they show how the right structure can save a family millions in taxes. They also discuss the strategic use of a corporate trustee and the importance of choosing a trust-friendly state like Delaware or South Dakota. Whether you're planning for grandchildren or great-grandchildren, this episode gives you a clear framework for multigenerational wealth transfer.

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In this episode, Lucas and Luna dive deep into the Medicaid Asset Protection Trust (MAPT), a legal tool that lets you shelter assets from nursing home costs while still qualifying for government benefits. Using the example of a retired couple with $400,000 in savings and a home worth $350,000, they explain how transferring assets into an irrevocable trust five years before needing care can save hundreds of thousands of dollars. Lucas breaks down the five-year look-back period, the role of the trustee, and why this strategy is often overlooked. Luna asks the tough questions about losing control and the importance of timing. If you or a parent are approaching retirement and worried about long-term care costs, this episode is essential listening.

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In Episode 124 of Estate Planning with Fexingo, Lucas and Luna dive into pet trusts—a legally binding way to ensure your dog, cat, or other animal is cared for if you become incapacitated or pass away. They explain how a pet trust differs from informal arrangements, why a simple will provision often fails, and the specific language needed to avoid a court battle over Rover's future. Lucas walks through a real-world example: a $50,000 trust for a parrot named Mango, including the trustee's duties, the care standard, and what happens to leftover funds. Luna asks tough questions about enforcement, choosing a caregiver, and whether a pet trust is worth it for the average listener. They also note that 48 states now have pet trust statutes—and why you might want one even if your pet isn't a parrot with a retirement fund.

#PetTrust #EstatePlanning #AnimalCompanions #FurryFamily #TrustLaw #IncapacityPlanning #WillsAndTrusts #AnimalLaw #FiduciaryDuty #Beneficiary #Trustee #ProbateAvoidance #StateStatutes #UniformProbateCode #Finance #WealthTransfer #FexingoBusiness #BusinessPodcast

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Episode 123 of Estate Planning with Fexingo dives into the marital deduction trust—often called a QTIP trust—a tool that lets a deceased spouse delay all estate tax until the surviving spouse dies. Lucas and Luna walk through a real example: a $15 million estate where a well-structured trust saves $5.4 million in taxes while still giving the surviving spouse full income for life. They explain the trade-offs, the 'all or nothing' election rule, and why this trust is especially powerful for second marriages or blended families. If you have a significant estate and want to ensure your spouse is provided for without wasting your federal exemption, this episode covers exactly how marital deduction trusts work, when to use them, and the one pitfall that can blow up the strategy. No fluff, just the mechanics and numbers that matter.

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When you die, your Facebook, Google, and Apple accounts don't just disappear. Lucas and Luna dig into the Uniform Fiduciary Access to Digital Assets Act (UFADAA) and why your will needs a digital executor. They walk through a real case: a family locked out of a deceased relative's cloud storage holding critical tax documents, and how a simple digital directive could have prevented a six-month legal battle. If you've ever clicked 'I agree' to a terms-of-service without reading it, this episode will change how you think about your online afterlife.

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In Episode 121 of Estate Planning with Fexingo, Lucas and Luna explore the spousal IRA—a powerful tool that allows a non-working spouse to build retirement savings based on the working spouse's income. They break down the rules, contribution limits for 2026, and how it integrates with estate planning to reduce taxable assets. Using a concrete example of a couple where one partner takes time off to raise children, they show how consistent contributions can grow to over $500,000 by retirement. The hosts also discuss conversion strategies to Roth IRAs and the impact of the SECURE Act on inherited IRAs. This episode is essential for any married couple looking to maximize retirement savings and minimize future estate taxes.

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In this episode of Estate Planning with Fexingo, Lucas and Luna break down the Special Needs Trust, often called a supplemental needs trust. They explain how this trust allows parents to leave money for a disabled child without disqualifying them from Medicaid or Supplemental Security Income. Using the example of a family leaving $300,000 to a son with a disability, they walk through the trust’s structure, the rules on distributions, and what happens when the trust ends. They also address why a simple inheritance can be devastating for a beneficiary on means-tested benefits. This is a must-listen for anyone with a disabled family member who wants to provide financial support while preserving crucial government aid. The episode also covers first-party vs. third-party special needs trusts and the importance of choosing the right trustee.

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