Hosts Anne Rhodes and Thomas Kopelman discuss how advisors can help their clients manage and reduce fees related to estate plans. The conversation highlights that, often, the biggest assistance and advisor can provide is to prepare their clients ahead of meeting an estate planner while also helping set expectations. While this can help streamline their time with an estate planner, they stress that quality is always paramount.

The previous episode covered why you may want your revocable trust should own your business. So, in this episode hosts Anne Rhodes, Chief Legal Officer at wealth.com, and Thomas Kopelman, Head of Community at wealth.com and co-founder of AllStreet Wealth, talk about why you may want your irrevocable trust own your business. The discussion the main considerations — Control, Asset Protection and Tax Planning — as well as key legal terms to know, plus key examples of when someone may want to consider their business being in their irrevocable trust.

If you’re a business owner, does it really make sense to put it in a Revocable Trust? That’s what hosts Anne Rhodes, Chief Legal Officer at wealth.com, and Thomas Koppelmen, Head of Community at wealth.com and co-founder of AllStreetWealth discuss in this week’s episode.

In this episode, they cover:

- Why a trust may offer more flexibility in separating out personal and business assets but also offers better protection if you’re incapacitated.

- How a trust can be a better vehicle for your wishes to be followed after your passing.

- Why setting up a revocable trust today offers you flexibility should you need to make changes as your business grows.

Helping new clients with their estate plan can be an early win. It’s not uncommon for new clients to not even have an estate plan in place. If they do, there may be opportunities for updating and optimizing.

In this episode host Anne Rhodes, Chief Legal Officer at wealth.com, asks her co-host Thomas Koppelman, Co-founder of AllStreetWealth and wealth.com’s Head of Community, how he approaches new clients and where financial planning intersects with estate planning, including:

Deciding to fund an individual or a joint trust may seem like a straightforward decision. But there are a number of factors that can impact which one to choose.

Hosts Anne Rhodes, Chief Legal Officer at wealth.com and Thomas Koppelman, Head of Community at wealth.com and Lead Financial Advisor at AllStreet Wealth, get into the major differences between the two types of trusts, how people should approach choosing the right type of trust, and some misconceptions, including:

A new year means financial advisors are taking a fresh look at their clients’ financial plans, so it’s important to know IRS’s adjusted numbers for 2024. 

In this episode hosts Thomas Kopelman (Named a Top 100 financial advisor by Investopedia) and Anne Rhodes (Chief Legal Officer at Wealth.com) discuss:

Get the full 2024 IRS inflation Adjusted Numbers Reference Guide for Estate Planning here.

In this episode of The Practical Planner hosts Anne Rhodes & Thomas Kopelman discuss what advisors need to know about revocable trusts, including:

Find other episodes of The Practical Planner at wealth.com/podcast

A fully optimized Estate Plan changes in tandem with life circumstances changing.

In this episode of The Practical Planner hosts Anne Rhodes & Thomas Kopelman dive into:

The life events that should prompt Estate Plan updates.

Why those specific events impact Estate Plan functionality.

Contextual examples regarding these life events that will help advisors better understand the necessity of ongoing Estate Plan updates.

How establishing a regular cadence for Estate Plan reviews can fit into the flow of a client’s overall planning.

Find other episodes of The Practical Planner at wealth.com/podcast

There are a lot of confusing Estate Planning terms, and many of the available resources for understanding this nomenclature aren’t straightforward for financial advisors. 

In this episode of The Practical Planner hosts Anne Rhodes & Thomas Kopelman walk through a list of the main common terms financial advisors should know when it comes to Estate Planning and provide contextual examples of how those terms apply to client situations. 

Find other episodes of The Practical Planner at wealth.com/podcast

Practical Planner Hosts Anne Rhodes & Thomas Kopelman are joined by Tyrone Ross Jr. — CEO and co-founder of Turnqey Labs and 401 Financial, Strategic Advisor to wealth.com. — to discuss the unique landscape of Estate Planning for cryptocurrency and digital assets.

In this episode:

Find other episodes of the Practical Planner at wealth.com/podcast