Estate Planning Mistake 7: Improperly Planing Distribution of Retirement Accounts

In today’s podcast, David Phillips discusses the blessing and the curse of building and leaving your Qualified Accounts, like your IRA or 401k to your children and grandchildren. While our goal is to build security for our future retirement, there is such thing as too much. By leaving our Qualified…

How to Leverage $1 today and create $10 for your care later in life!

In this episode David Phillips, CEO of Estate Planning Specialists shares some exciting investor news. First he tells the story of his Aunt Mary, who had to “spend down” her meager assets so she could qualify for Medicaid, leaving no inheritance for her family. There is a new Return of Premium Long…

Estate Planning Mistake #7 continued: Estate shrinkage due to investment losses. How to insulate your wealth from all risk and guarantee an inheritance. Special guest: Todd Phillips, President of Estate Planning Specialists

In this podcast, David Phillips continues his discussion about wealth strategies and retirement savings with Todd Phillips, the author of the book "The Future Retirement Savings." Together they show you how to protect your estate from investment loss and market risk, discussing how you can avoid on…

Estate Planning Mistake #7: Estate shrinkage due to investment losses. How to insulate your wealth from all risk and guarantee an inheritance. Special guest: Todd Phillips, President of Estate Planning Specialists

In this podcast, David Phillips discusses wealth strategies and retirement savings with Todd Phillips, the author of the book “The Future Retirement Savings.” Together they show you how to protect your estate from investment loss and market risk, discussing how you can avoid one of the main Longevi…

The answer to today’s Long-Term Care Crisis – Leveraged Care Solutions

David T. Phillips introduces the answer to today’s Long Term Care Crisis – Leveraged Care Solutions. The old styled Long Term Care insurance has given way to the more popular and client friendly Leveraged Care Solutions, also referred to as Asset Based Care planning. By shifting assets from one poc…

Ignoring the Long-Term Care Crisis – Estate Planning Mistake #6

In this week’s episode I will explain what is Longevity Risk. I will also reveal what is the number one Longevity Risk – experiencing a Long-Term medical event. Statistics show that 72% of all adults over the age of 65 in the United States today will suffer through a Long-Term Care experience. Are …

The Power of Proper Gifting – Estate Planning Mistake #5

By law every American can gift $18k annually, to anyone they want, completely gift, estate and income tax free. Many are reluctant to use their gifting allowance for several reasons: * Because the gift is irrevocable, they incorrectly believe that the asset is unavailable to them during the balanc…

Estate Planning Mistake #4: Paying too much income and capital gains taxes

Logic would tell us, if we simply plod through life, ignoring any legal opportunities to pay less income and capital gains taxes, the less we will have to spend during retirement and the less we will leave our posterity. In Episode Five of Estate Planning Made Easy, The Podcast, David reveals key i…

The Dangers of Portability

For centuries, an estate planning attorney was solely an attorney that represented clients before a probate judge, in an effort to maximize the desired estate transfer. They would simply help draft a will and represent that will in court to validate it. While the phone book is full of so-called est…

I'm the Taxman, and You're Working for No One but Me!

Since the beginning of civilization, it has been very difficult for a king to keep his castle and kingdom for any great length of time. Someone, usually an enemy, would go to great lengths, with the loss of thousands of constricted soldiers in an effort to conquer another’s castle. That is reason w…