Wealth and Law

Brent and Rachel speak with Doug Nelson, of TCI Wealth Advisors, on this week’s episode about the expected financial picture for the final quarter of 2020. They get into depth on how people should be adjusting, or not, their financial plans and investments, what to expect from the election, and the psychology of managing difficult investment environments.

Doug Nelson is a repeat guest on the podcast. You can catch is other episode at https://wealthandlaw.com/2020/06/17/episode-13-financial-planning-during-covid-19/

Doug is an advisor and shareholder at TCI Wealth Advisors. Doug has received numerous national recognitions based upon his belief that investment success involves integrating clients’ lifestyle goals with their investment plans. During the last decade, Worth, Barron’s, and Bloomberg Magazine regularly recognized Doug’s work as one of the top independent financial advisors in the nation.

You can find Doug at https://tciwealth.com/employee-directory/doug-nelson/, and you can contact him at [email protected], 520-733-1477.

If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent and Rachel go to https://wealthandlaw.com/team/.

This week, Brent and Rachel are joined by A.J. Price, CPA, CFP, to discuss how families can introduce younger generations to family wealth. They discuss the benefits of family-wide meetings, examine the many methods of family investments, and dive into the importance of goal-based investing.

A.J. Price is an Associate Wealth Advisor at Strategic Wealth Partners. A.J. works with wealth advisors and financial planners to create portfolios in line with each client’s individual needs, preferences, and risk tolerance.

A.J.’s bio and contact information are available at https://www.stratwealth.com/portfolio/a-j-price-cpa-cfp/

This week’s episode is the Live recording from Friday, August 28, 2020.

Rachel and Brent dive into ways to use the extra estate tax exemption that could expire at the end of 2020, and will expire absent Congressional action in 2026. They talk about Spousal Lifetime Access Trusts (SLATs), sales and gifts to Intentionally Defective Grantor Trusts (IDGTs), Grantor Retainer Annuity Trusts (GRATs), and the economics of giving early.

If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent and Rachel go to https://wealthandlaw.com/team/.

Follow us on Periscope for access to our live streams here: https://www.pscp.tv/wealthandlaw/follow

This week Brent and Rachel are joined by Kayla Bernays to talk about what happens before, during and after a divorce and what it does to an estate plan. We get into community property, prenuptial and post-nuptial agreements, and property divisions. We also throw in some federal tax tidbits for good measure.

Kayla is a partner in the Randall, Palmer & Bernays Law Firm in Tucson, Arizona. A Phoenician establishing her roots in Tucson, Kayla has received two degrees from the University of Arizona (anthropology, law) while meeting and marrying her wife and building their home together. A collection of eclectic experiences serve her well in approaching a variety of family, juvenile, and probate legal cases.

Kayla can be reached at [email protected], or (520) 327-1409.

Her web bio is https://www.rpbtucson.com/about/.

This week Brent is joined by special co-host Darren Case to talk about how Covid-19 has changed estate planning and to prognosticate about the Biden Tax Plan. They dive into how to plan in the current uncertainty, what to expect with a new administration, how to structure gifts to irrevocable trusts, and how to take advantage of opportunities available in 2020 that may not last in 2021. They also discuss how to help families prepare children for transfers of wealth.

Darren is a shareholder in the law firm Tiffany & Bosco, PA, in Phoenix, AZ. He assists families and individuals in the areas of estate planning, probate, and tax, and is the Co-Author (with Brent Nelson and TJ Ryan coincidentally) of the Arizona Estate Planning and Probate Handbook, published by Thomson Reuters – West. Darren is experienced in a broad range of planning techniques, including traditional wills and revocable trusts, along with more sophisticated planning strategies such as insurance trusts, residence trusts, “defective” grantor trusts, generation-skipping or dynasty trusts, charitable trusts, split-interest trusts, family limited partnerships and intra-family sales and loans, etc. He assists clients by providing tax and estate planning services specifically tailored to each individual client, whether it is a client who has amassed substantial wealth or those who are in the process of accumulating such wealth.  Darren is also experienced in the area of probate and trust administration and litigation, having worked on simple to complex trust and estate matters, and everything in between.

Darren attended Arizona State University for his undergraduate studies, where he received his Bachelors of Interdisciplinary Studies in business and communication. He received his law degree from Chapman University, graduating with an emphasis in taxation, and was the Tax Law Emphasis Honors Graduate of his class. In addition to his law degree, Darren received his Master of Laws in Taxation, with a Certificate in Estate Planning, from Georgetown University.

Darren’s firm bio and contact information are available at https://www.tblaw.com/attorneys/darren-t-case/

This week’s episode is from the first ever live recording of the Wealth and Law podcast. Brent and Rachel dive into lessons that they’ve learned from their clients and go over their top ten ways on building, preserving, and passing on family wealth.

If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent and Rachel go to https://wealthandlaw.com/team/.

This week Brent and Rachel are joined by Shawn Garner to talk about using revocable trusts in estate planning. We get into detail about how these important trusts work, and, specifically, how they solve for incapacity, asset management, and probate issues. We also exchange real life examples of ways these trusts are used for our clients and how they bring a tremendous amount of value.

Shawn is a partner in the Deason Garner & Hansen Law Firm in Yuma, Arizona. Prior to joining the firm he practiced in the area commercial litigation and bankruptcy law.

Shawn conducts monthly FREE Estate Planning Seminars to help “get the word out” about the problems and pitfalls in the Estate Planning area. He also writes a monthly Estate Planning column in The Yuma Sun.

He is a frequent speaker at public seminars covering the various aspects of Estate Planning and Long-Term Care benefits available through Medicaid.

Shawn was awarded his Juris Doctorate from the University of Kentucky Law School in 2008.  He graduated in the top 1% of his class at Colorado State University when he earned his undergraduate degree with a double major in both Political Science and Criminal Justice.  He also holds an Associate’s degree from Arizona Western College.

His popular free estate planning seminars can be found at https://www.deasongarnerlaw.com/about-our-firm/seminars

His popular radio show can be found at https://www.deasongarnerlaw.com/radio-show

Shawn can also be reached at 928-783-4575, and [email protected]

Brent and Rachel are joined by Mykail James to discuss financial planning for Generation Z and Millennials. We have a great conversation about financial literacy at different generations and how technology can be used in teaching personal finance. We get into the distinctions between Gen Z and Millennials, technology in financial planning, tips and tricks for Fin Tech in personal finance, and so much more!

Mykail and her blog can be found at https://www.boujiebudgets.com/about

She can also be found on Instagram at https://www.instagram.com/theboujiebudgeter/ and Twitter @BoujieBudgeter

Her Facebook Group “Young, Rich & Responsible” is here https://www.facebook.com/groups/yrrcommunity/

Brent and Rachel are joined by Eugenie George to discuss money stories, creating a financial wellness plan, and diversity and race in the financial advising and legal industries. We get into how a woman’s background and emotional connection with money from a cultural, race, gender and economic perspective can influence her interaction with money and investments. It was a timely and deep discussion about hurdles women of color face in work, education, investing, and money depending on their intersectional backgrounds.

Eugenie can be found at https://eugeniegeorge.com/

Her book is available for purchase at https://www.amazon.com/Our-Money-Stories-Holistic-Financial/dp/1734600209

She can also be found on Twitter @_EugenieGeorge

Brent and Rachel are joined by Ken Morris, CFA, CFP, to discuss investment management, the differences between financial planning and investment management, and the benefits and pitfalls of each. We also chat about what individuals and families should be looking for when picking an investment advisor.

Ken Morris is the First Vice President and Resident Director of Merrill Lynch Wealth Management. For more than a decade, Ken has helped wealthy families and institutions make the most of their financial opportunities. Before rejoining Merrill Lynch Wealth Management in 2013, Ken worked as a Financial Analyst on Wall Street, an Assurance and Advisory Specialist at Deloitte and Touche, and in senior leadership at Canyon Ranch.

You can find Ken at https://fa.ml.com/california/san-diego/ken_morris/, and can contact him at (858) 677-1326.

If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent and Rachel go to https://wealthandlaw.com/team/.