In today’s episode, Tom and Estate Planning expert Rick Randall chat about why some people don’t get their estate plans put together and the myths around estate planning. They further discuss the power of trust to help ensure assets are passed efficiently to the next generation and how to reduce the costs of the probate so your family gets to keep more. The majority of people don’t have an estate plan in place. With some planning, you can ensure your family is prepared and gains access to the wealth you want for them. Listen in on how to make an impact on the next generation.

Highlights

• Who is Rick Randall?
• The three-step strategy to design a plan
• Why some people are not talking about death and estate planning
• The importance of family meetings in estate planning
• Preparing heirs for wealth transfers through family meetings
• Inheritance: The real value is in the values
• Benefits of starting estate planning early
• Life insurance in estate planning
• Spousal lifetime access trusts: Why you should keep your estate plan updated
• The top reasons why people do an estate plan
• Avoiding death taxes and maximizing capital gains through estate planning
• Reviewing your estate plan Episode Resources
• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
• Connect with Rick Randall
• https://nnepa.com/
• https://www.linkedin.com/in/rickrandall52
• [email protected] 

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