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0:00 Full Seminar on Estate Planning
0:45 Hypothetical John and Jane
1:01 What are the Estate Planning Objectives?
2:04 What If You Can’t Sign Your Name in the Future?
4:10 What Happens When the First Spouse Passes Away?
6:30 What Happens After Both Spouses Pass Away?
6:56 Make Your Children’s Inheritance Divorce-Proof?
8:01 When You Want To Avoid Leaving A Lump Sum
9:08 The Blended Family Issues
9:32 Medicaid Eligibility Planning
10:06 Avoiding the Death Tax
10:34 Process for Working with AEPL
11:18 Will-Plan or Trust-Plan
13:18 Legal Expenses That are Subject To Change…(read more)
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Estate planning is an important process that provides individuals with a roadmap of how to distribute their assets when they pass away. It also helps to ensure that their loved ones are cared for and their wishes are respected. However, estate planning can be a complex and lengthy process. But what if there was a way to learn everything you need to know about estate planning in just 14 minutes? Well, that’s exactly what An Entire Estate Planning Seminar in 14 Minutes promises to offer.
An Entire Estate Planning Seminar in 14 Minutes is a seminar created by Estate Planning attorney, Larry Parman. The seminar is designed to provide a comprehensive overview of estate planning in just fourteen minutes. This may seem like an impossible feat, but Larry Parman has mastered the art of condensing complicated information into clear, concise, and easy-to-digest segments.
The seminar is divided into four sections: Wills, Trusts, Legacy Planning, and Probate. In each section, Larry Parman covers the essential elements of estate planning that individuals need to be aware of. He offers straightforward explanations of each topic and provides practical tips that can help people make informed decisions about their estate planning.
The first section of the seminar focuses on Wills. Wills are legal documents that distribute an individual’s assets after their death. In this section, Larry Parman explains what a Will is, why it’s important, and how to create one. He also discusses the different types of Wills and what people should consider when creating their own.
The second section of the seminar is devoted to Trusts. Trusts are legal arrangements where a person places assets into a trust managed by a trustee for the benefit of another person or group. In this section, Larry Parman explains the different types of trusts, why someone would want to create one, and what they should consider when creating a trust.
The third section is about Legacy Planning. Legacy Planning is the process of creating a plan for how an individual’s values and beliefs will be passed down to future generations after they’re gone. In this section, Larry Parman provides insight on how to create a plan that reflects an individual’s values and goals.
The final section of the seminar is about Probate. Probate is the process by which a court validates a Will, appoints an executor or administrator, and oversees the distribution of an individual’s assets. In this section, Larry Parman explains what probate is, when it’s required, and how to avoid it if possible.
Overall, An Entire Estate Planning Seminar in 14 Minutes is the perfect seminar for anyone who is looking for a quick overview of estate planning. Larry Parman has distilled complex topics into easy-to-understand segments that will help individuals gain a basic foundation of estate planning. While it may not cover every aspect of estate planning, it’s an excellent starting point for anyone who wants to learn more about the topic.
I’m more than happy to discover this channel. I need to thank you for your time for this, particularly a fantastic watch!! I liked every little bit of it and I have subscribed you to look at new posts all the time.
Paul what happen to "myadvocate" your less expensive on line service?
Tremendous info!
I love to learn more. I’m (divorced) now single mom of 3 minors and would like to do the trust. I don’t know where to start. I need your advice please and how much it will cost. Thank you.
Blended family issues cannot be understated. Especially if intestate.
I have a question I am looking into your website because I am 56 years old and own two homes and have three children but only in contact with one. Not sure how I feel about the other to just yet they are going through some issues and they got disrespectful with me so we had a disagreement. One of the two took my firebox that held the titles to my vehicles and the deeds to my houses and of course he denies it but he has bragged about it to others how would they even know that I had such a box. I am very angry with him you as you can imagine. I'm not sure what he can do with those documents and of course I am more upset about the family history that was in that box, I do not believe he even cares about such things. I am unaware of anyone having such a situation as mine and how to resolve it. I have no will or even a living will right now and I am trying to decide what I want. I live in the state of Virginia and not sure of all the laws here, can you guide me to a website where I can find out more information about Virginia laws. And maybe give me some idea on my choices that I have in this situation.
I’m curious if it’s within the Means of people to do it doesn’t make sense to distribute the majority of Thursday while they’re alive and can see their beneficiaries enjoy the property
How does a "transfer on death" account work with this? Wouldn't that be a simple way to avoid probate?
Hi, how do I find an estate planning lawyer in my state
I like the idea of a Trust to leave to my heirs as it can go generation to generation right?
Can you do a talk on these Trusts?
Love your videos. Can you recommend an Estate Planning Lawyer in Florida?
This was perfect and I thank you very much
John dies.. leaves everything to Jane.. Jane remarried. Jane dies. The second husband gets everything and Jane and John's kids are left out.
say the only property they have left in their estate that’s not already covered by beneficiaries is real property.. instead of paying for a trust couldn’t they just put their property in JTWROS or TE (proper titling) and this would also avoid probate?!
Thanks for outstanding Information.
Wow that was great!! I would love to hear the details about using beneficiaries instead of the will or trust plan.
I would really like to have your input on the Pennsylvania laws for a cortisol please and thank you
Really appreciate the synopsis. So many variables, but great job being as concise as possible. I'm only 45 y/o and not dealing with any of this stuff head-on yet, but I'm keeping an eye on things so I'm not completely surprised if/when encounter this stuff with aging relatives.
How about one for senior singles, and one for medicaid, re: assisted living and nursing homes.
Excellent
Thanks
I need an appointment with you asap please reach out
I loved this 15 minute lecture to the credit union!! Time we got moving on our Trust!
Thanks.
Do you know of an equivalent you tube channel for U.K estate laws you can recommend?
enlightening….thank you for sharing!