In this episode, Jason, Scott, and Marlon discuss:

Why you should have an estate plan 

Building your estate plan around a trust

When should you start planning? 

Building wealth that lasts 

 Key Takeaways:

Everybody has an estate plan. It's either going to be the one you put together or the government's. When you fail to plan, the estate plan that’s in place will not be the one that you want.

You need to build your estate plan around a will and a trust. Wills can be changed and interpreted differently by a judge. A trust is more or less irrevocable since it’s a legal document. 

Estate planning must be done as early as 18 years old. People don’t realize that you can’t actually make decisions for your child if they become invalid in the hospital unless it’s specified. 

Have a long-view perspective when it comes to wealth. Build wealth that lasts throughout generations. Don’t work your whole life creating wealth only to lose it in the end. 

 "It's really about finding people that can help you build your trust that think even beyond just that next generation, I wanted to create one that was multi-generational." — Marlon Mueller

About Marlon Mueller: He grew up as a farm boy in Iowa who became a multimillionaire. Today, he is an investor, speaker, and mentor. Marlon has been in insurance, all types of real estate including flips, rentals, be-the-banker, storage and now syndication, and he continues to study asset, tax and estate protection

Connect with Jason and Scott:

Website:   https://henderxcapital.com/masteryourmillions

Twitter:  @MasterYourMs

Facebook: https://www.facebook.com/groups/realestateinvestorsofutah 

Instagram: @MasterYourMs

Email: [email protected], [email protected]