EPISODE #042

WILLS AND TRUSTS

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5 Ways Your Wealth Is Under Attack book

5 WAYS YOUR WEALTH IS UNDER ATTACK

If you want to stop the attack, you'll want to get your copy.

Wills And Trusts: All You Need To Know For Protection

In this episode, John continues his series on the Wealth Curve Blueprint, this time focusing on the protections offered by wills and trusts. Properly setting up a will or trust is one of the key components of a successful long-term financial strategy.

John is the author of 5 Ways Your Wealth is Under Attack and It’s Your Wealth – Keep It.” He has lectured extensively on financial planning and is a recipient of the Five StarSM Wealth Manager Award.

John’s strength lies in his ability and commitment to continually improve the level and quality of the financial planning process. His macro view approach and dedication to his clients’ growth involves an evolving strategy that strives to meet the demands, desires, and needs of his clients in a continually changing economic environment.

Don’t miss John’s takeaways:

  • The protection that wills and trusts offer is a strategic part of every financial plan.
  • By 2026 when all of the income tax laws sunset and revert back to pre-Trump tax laws, so does the estate tax. Your will or trust needs to take that into account. You need to review it regularly.

Plus:

  • There is so much that goes into a proper trust:
    • When and how should the money be distributed?
    • Can gifts be made?
    • Also, can I use leveraged gifts?
    • Can I retain control of those assets?
    • What happens if my child inherits my money—but is going through a business problem or a divorce? Is that money protected from estate taxes?
  • Your strategy depends upon so many factors:
    • Who you are
    • How much wealth you have
    • How much life insurance you have
    • Whether you’re starting a business, where that business is located, and how you own it
    • Lastly, how and where you own your assets

Every protection in your plan needs to be the best that it possibly can be for who you are. Each one needs to be updated on a regular basis, so that you’ve taken advantage of all of the opportunities that are available in the estate tax law.

For details, listen above. To set up a Wealth Curve Conversation and get your Blueprint and Scorecard made, click here

Call us at (800) 797-1000. You can connect with us on all the social media platforms, too. Looking forward to hearing from you.

* This award should be subjectively bestowed, and the process of its receipt readily explained by objective data.
Investment Advisory Services provided by Smallwood Wealth Investment Management, LLC, an SEC registered investment advisor. Headquartered at 199 Broad Street, Red Bank NJ 07701-2056. Securities offered through Purshe Kaplan Sterling Investments, Member FINRA/SIPC Headquartered at 80 State Street, Albany, NY 12207. Purshe Kaplan Sterling Investments and Smallwood Wealth Investment Management, LLC are not affiliated companies.

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