The Practical Planner

The Practical Planner

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The Practical Planner episodes

  • SLATs, Marital Trust Conversations, and “Extraordinary Dividends” with Chris Nason "
    Anne and Thomas are joined again by Chris Nason, partner at McDermott, Will and Emery LLP, to discuss the intracacies of how trusts operate, focusing on SLATs an Marital Trusts. Chris dives deep into SLATs, how they work, the benefits of having one and when having one may make sense.
    They also debunk a conversation that has been taking social media by storm about a certain trust structure that can help you avoid all taxes, and discuss why it's unlikely to work despite it going viral.
    For any questions, email us at [email protected].
    Follow us on Instagram at @practicalplannerpodcast to stay up-to-date with our podcast!
    35 min
  • Utilizing the Doubled TCJA Exemption before the 2025 Sunset with Chris Nason
    Chris Nason, a partner at McDermott, Will and Emery LLP, who focuses on tax and estate planning, and Stanford University Trust and Estate Planning teacher, joins Anne and Thomas in this episode to provide some background on The Tax Cut and Jobs Act of 2017 and how advisors can help their clients create estate planning and tax strategies before it’s benefits are set to sunset at the end of 2025.
    For any questions, email us at [email protected].
    Follow us on Instagram at @practicalplannerpodcast to stay up-to-date with our podcast!
    32 min
  • Where Estate Planning Fits into Life Planning with Justin Castelli

    Justin Castelli, Founder of RLS Wealth, joins hosts Anne Rhodes and Thomas Kopelman to talk about how his approach to financial planning has shifted to focus on life planning by placing a focus on his clients’ life goals and values at the center rather than focusing on the numbers first. By helping clients figure out what their authentic life looks like and how to achieve it, he believes it brings more clarity to the estate planning process. Check out this episode to hear how he helps clients figure out what’s most important in their lives and how that helps them plan for what happens when they pass. For any questions, email us at [email protected]. Follow us on Instagram at @practicalplannerpodcast to stay up-to-date with our podcast!

    35 min
  • Everything You Need to Know About Marital Trusts
    Curious when it makes sense to have a Marital Trust? Hosts Anne Rhodes, Chief Legal Officer at [wealth.com](http://wealth.com) and Thomas Kopelman, Head of Community at wealth.com and Co-founder of AllStreet Wealth discuss the three main reasons to set one up, including:
    - Concerns over how your spouse may use your assets
    - Tax planning purposes, including the the generation-skipping transfer (GST) tax
    - Asset protection
    They dig into each reason and get into specifics of situations when having a Marital Trust can be beneficial.
    30 min
  • Approaching difficult conversations with clients - Anna N'Je-Konte
    Estate planning can be difficult due to tough conversations you may need to have and make. This can be exacerbated by certain cultural and generational expectations and taboos.
    Anna N’jie-Konte, CFP®, President and Director of Financial Planning at Re-Envision Wealth, joins this episode to share how financial advisors can help their clients approach these conversations and why having them now can be beneficial for all their family and loved ones.
    37 min
  • Preparing for the Unimaginable and Inevitable with Samantha Russell
    Samantha Russell, Chief Evangelist at FMG, joins hosts Anne Rhodes, Chief Legal Officer at wealth.com and Thomas Kopelman, Head of Community at wealth.com and Founder at AllStreet Wealth, to share her personal story and how major life events led her to view estate planning in her life—that it’s not just something the top 1% do when they’re older but is also about giving loved ones peace of mind and clarity.
    She discusses how selling the company she and her husband, Ryan Russell built (Twenty Over Ten) was acquired by FMG, led them to taking estate planning seriously due to the financial windfall. But when the unimaginable happened and her husband was diagnosed with cancer, estate planning took on a whole new meaning for her and her family.
    You can buy her husband’s book, which she discussed in the episode, on Amazon here: https://www.amazon.com/dp/1804090840?ref_=cm_sw_r_apin_dp_F0F592E6F9AJY05AHNZ5.
    37 min
  • How to approach real estate in an estate plan with Jennifer Rozelle

    Jennifer Rozelle, Owner and Attorney at Indiana Estate & Elder Law and host of the Legal Tea podcast, joins hosts Anne Rhodes and Thomas Kopelman to discuss what advisors need to know when helping their clients figure out what to do with their real estate assets. They touch on common mistakes to avoid, gifting strategies and why it’s often about helping clients have conversations they’ve been avoiding.

    44 min
  • What to Know About Funding a Trust
    Your client has set up a trust, now what? Hosts Anne Rhodes and Thomas Kopelman dive deep into what assets should go into a trust and what assets should not or, more often, what assets can't go into a trust. They cover real estate, businesses, international assets, retirement accounts, brokerage accounts, bank accounts and more. And why the key may be what your state's threshold for probate is, known as "petition for small estate." They also tackle beneficary designations and more, sharing key insights for financial advisors.
    29 min
  • How To Manage Estate Planning Costs For Clients
    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.
    16 min
  • Should Your Irrevocable Trust Own Your Business?
    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.
    33 min

About The Practical Planner

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Let's reimagine estate planning together.  We'll explore ways for advisors to better serve existing clients and grow your business. Unlike other shows that skim the surface of easily Googled…