Tag: Estate & Legacy Planning

Avoid Probate Problems: The ‘Pour-Over Will’ is No Substitute for Proper Estate Planning Upon your passing, your estate could end up in probate if you don’t plan properly. All of your affairs will become public record, paperwork can be delayed, and there will, of course, be attorneys’ fees. Probate is the legal process for verifying a Will, appointing the executor,

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Show NotesTranscriptView All Episodes In this episode of the Protecting and Preserving Wealth Podcast, Jon Gay and Bruce Hosler discuss the importance of early financial lessons and their lasting impact. Bruce begins client relationships by asking them clients about their childhood money experiences, highlighting how these early lessons shape our financial behaviors. Today, we explore how different family dynamics influenceRead more

Show NotesTranscriptView All Episodes In this episode of the Protecting and Preserving Wealth Podcast, host Bruce Hosler and Jon dive into the crucial topic of why having a will is only a partial estate plan - exploring the significance of beneficiary forms and their power in estate planning. We begin by explaining the importance of beneficiary forms, emphasizing that theyRead more

  Breaking Down the Benefits of Qualified Charitable Distributions Charitable giving is a popular tax-saving tactic we explore when evaluating ways to limit our clients’ tax liabilities in retirement. One of our favorite tax-saving tools related to charitable giving is the qualified charitable distribution.   What is a Qualified Charitable Distribution? A qualified charitable distribution (QCD) is an IRA distribution

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Show NotesGuest ProfileTranscriptView All Episodes Today, Bruce and Jon are joined by Alex Koury, a wealth advisor with Hosler Wealth Management from the Scottsdale office, speaking about Estate Planning in this episode. We delve into the critical topic of estate planning in a clear and straightforward manner. Bruce begins by emphasizing the essential role of a Will, especially for parentsRead more

Show NotesTranscriptView All Episodes In this episode of "Protecting and Preserving Wealth," Bruce and Jon dive into a comprehensive discussion about the intricacies and nuances of 529 plans. These plans, designed to aid in saving for educational expenses, offer a range of benefits that extend beyond traditional college savings. We highlight the potential tax advantages of 529 plans, one ofRead more

  Breaking Down the Basics of Estate Planning You’ve worked hard to build your wealth but as the old saying goes, “You can’t take it with you.” What do you want your wealth and assets to do after you’re gone? This is the question you answer through the estate planning process — a critical component to everyone’s financial and retirement

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Show NotesTranscriptView All Episodes In this episode of "Protecting and Preserving Wealth," Bruce and Jon discuss a counterintuitive approach: discontinuing contributions to traditional IRAs and 401ks. Drawing insights from IRA distribution expert Ed Slott, I challenge established retirement planning conventions. Slott is a recognized authority in IRA planning, is a professional speaker, best-selling author, and well-regarded by The Wall StreetRead more

Show NotesTranscriptView All Episodes Many of our listeners have established a trust for their assets upon passing. And while nobody wants to think about their mortality, today I explain what happens to that trust when you pass. The first thing that happens is that your living revocable trust becomes an irrevocable trust, and your successor trustee is now in chargeRead more

  7 Common Estate Planning Mistakes & How to Avoid Them Estate planning is a critical component of a comprehensive financial plan. Anyone can easily misunderstand its complexities and nuances, leading to costly mistakes if not done the right way. Let’s explore seven common mistakes people often make with estate planning and how you can avoid them.   Failing to

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