Two-time Emmy and Three-time NAACP Image Award-winning television Executive Producer Rushion McDonald interviewed Attorney Diane Clair.

A Georgia-based legal expert specializing in:

• Real Estate Law
• Estate Planning & Probate
• Business & Contract Law

She also teaches real estate law at Kennesaw State University and offers a Real Estate Investing Masterclass.

🔑 Key Takeaways from the Interview 1. Legal Profession Misconceptions

• The legal field is often misrepresented by personal injury ads.
• Attorney Claire emphasizes that law is much broader and includes critical areas like estate planning and real estate.

2. Dangers of DIY Legal Work

• Many people use platforms like LegalZoom or AI tools to draft wills or contracts, which can lead to costly mistakes.
• Claire warns that AI can fabricate legal information and should not replace professional legal counsel.

3. Getting Started in Real Estate Investing

• You don’t need a lot of money to begin.
• Start by:
  • Creating a business entity (LLC, S-Corp, etc.)
  • Exploring tax liens and tax deeds
  • Using county foreclosure lists to find investment opportunities
• Claire’s firm helps with title searches, quiet title actions, and closing processes.

4. Estate Planning: Will vs. Trust

• A will outlines asset distribution but must go through probate.
• A trust (especially irrevocable) avoids probate, offers tax benefits, and protects assets.
• Trusts can own property, businesses, bank accounts, and more.

5. Wealth Transfer & Protection

• Trusts allow for tax-free gifting (e.g., tuition payments).
• Assets in a trust are shielded from lawsuits and creditors.
• Claire advises putting all major assets in a trust or business entity.

💡 Notable Quotes

• “Don’t have anything in your own name—have it in the name of the trust or the business.”
• “Real estate is the best thing to invest in and pass down to future generations.”
• “64% of Americans don’t have an estate plan. For minorities, it’s 70%.”

📘 Resources Mentioned

• Website: TheClaireFirm.com
• Real Estate Investing Masterclass: Includes video, PowerPoint, and lender resources
• Consultations: Available for real estate, estate planning, and business law

#SHMS #STRAW #BEST

Support the show: https://www.steveharveyfm.com/

See omnystudio.com/listener for privacy information.