KC Business Huddle

Leaving a legacy behind isn't something everyone wants to do, but if it's a priority for you, then estate planning is a big piece of that process. Whether you're a business owner or an individual, estate planning attorney Steve Brown will help you get a better grasp of the process and why it's so important.

Read more and get additional financial resources here: https://kcbusinesshuddle.com/business-owners/ep-2-estate-planning-guidance-tips-with-steve-brown/138/

Today's show schedule:

0:38 – Estate Planning Attorney Steve Brown joins the show today.

1:06 – Background on Steve

1:45 – How did you decide to be an attorney and specifically estate planning?

3:20 – What approach do you take to the job?

5:46 – What is the net worth of your typical clients?

6:42 – How does the lifespan process work?

8:55 – Everyone has a default estate plan once you turn 18.

10:20 – Bernie shares a story of an inheritance at 15 years old and how it caused issues within a family.

12:10 – How can someone structure an estate plan to have control over how the inheritance is spent?

13:48 – What's the process he uses that sets him apart from other attorneys?

16:54 – Many people have an unfunded trust.

19:20 – Business succession planning

22:59 – 5 levels of asset protection

25:01 – What's the process of determining your level?

28:02 – What estate planning advice would you give business owners?

29:15 – Best way to get a hold of Steve for any questions.

On the debut episode of the KC Business Huddle, we head out to the country and visit with Bill Gaughan of the Rural KC Team to talk real estate. The Kansas native has years of experiencing selling properties like country homes and farmland so we'll talk to him about the business, real estate trends, and what made his choose this niche.

Read more and get additional resources here: https://kcbusinesshuddle.com/business-owners/ep-1-country-living-real-estate-with-bill-gaughan/130/

Learn more about our guest: https://www.ruralkc.com/staff/Bill

Today's conversation:

0:47 – Bill Gaughan joins us on the show today.

1:50 – How did you pick this profession?

3:01 – How did you get into the farming side?

3:42 – In a highly-competitive industry, what's your competitive advantage?

5:10 – Bill's business philosophy.

7:04 – Have far will you travel for a property?

8:36 – What kind of impact do you think COVID-19 has had on our local economy?

11:45 – Do you think there will be a downturn in commercial real estate properties?

13:36 – Things to consider if before moving out to the country?

14:53 – Is it difficult to find properties in the country with seemingly less available?

16:01 – What drives you to make your company great?

17:10 – Why do business with RuralKC.com?

18:42 – Have you ever thought about retiring from real estate as you get older?

20:00 – If you could go back in time, what would you change about your business?

20:44 – What makes real estate different from other sales jobs?

23:19 – What advice would you give someone else in this profession?

24:30 – How can someone get in contact with you?

27:15 – Final thoughts from Bill.

New podcast from Bernie Wurts is coming soon. Bernie will interview business owners from Overland Park and throughout the greater Kansas City area.