Estate Planning Is Not Just For The Wealthy [Video]

Stone Arch Law Office, PLLC comprises of estate planning and will attorneys serving Minneapolis and its surrounding areas. They know how the planning process works, the best ways to save tax, the right way to draft and execute wills, and all that smoothens the disbursement of a clients assets.

Episode #2 - Estate Plans to Create Generational Wealth for Diversified Investors with Megan TempletonROYAL LEGAL SOLUTIONS Learn how to free your time, protect your assets, and create lasting wealth with asset protection attorney and long-time real estate investor, Scott Royal Smith. When a close friend lost over $3 million in a single lawsuit, Scott decided to leave his litigation practice to help people protect themselves from frivolous lawsuits. His law firm, Royal Legal Solutions, now helps thousands of real estate investors and entrepreneurs protect more than $1.2 billion in assets. Join Scott as he deconstructs the lawsuit game and shows you how to protect yourself and your hard-earned wealth.**************************************************************MEET THE HOSTSScott Royal Smith, Esq., CEO, Real Estate Investor. As the founder of Royal Legal Solutions, I am an asset protection attorney and long-time real estate investor in every asset class in 10+ states. My background in litigation and investing uniquely has provided me with insights into how to best use the law for maximum legal advantage while streamlining operations, taxes, and compliance.Megan Templeton, Esq. Megan Templeton is from Birmingham, Alabama. She attended Auburn University and graduated in three years with a Bachelor’s in Psychology. While attending Auburn University, Megan was actively involved in the Auburn Honors College and Omega Phi Alpha, a service sorority. Upon graduation from Auburn University, she pursued her Juris Doctorate from Samford University’s Cumberland School of Law and her Master’s of Public Administration from the University of Alabama at Birmingham. Megan obtained both her JD and MPA in December 2015. Megan’s previous law positions have included clerk at the U.S. Attorney’s Office of the Northern District of Alabama, manager of a closing and title company, and currently the owner and principal attorney of Iron City Law, a boutique law firm in Birmingham, AL serving small businesses and the real estate community.**************************************************************Key TakeawaysOur session on Estate Planning was both informative and motivational! We discussed the importance of having an estate plan to pass along generational wealth. We covered each piece of an estate plan, the necessary documents, and how to use them. Finally, we talked about how to keep your estate plan up to date and a few tips that make maintaining it easier.What are the foundational documents I need for my estate plan? At a minimum, we suggest a pour over will, living trust, medical power of attorney, financial power of attorney, and HIPPA release.What is the difference between a revocable trust and an irrevocable trust? A revocable trust is a trust in which the terms can be changed at any time. An irrevocable trust describes a trust that cannot be modified after it is created without the consent of the beneficiaries.How often should I update my estate plan? Your estate plan should be updated whenever your circle of people or assets changes. For example, when you get married or if you purchase a new home. A good rule of thumb is to set aside time at least once a year to review and update your estate plan.Aren't all estate plans boilerplate? No. Estate plans are both state-specific and situation-specific. You should take into account your home state's requirements for a valid estate plan and what your personal circumstances are. For example, you may need to discuss a trust which shields from Medicaid or a special needs trust.Want a refresher or to see what you missed? Watch the replay. REGISTER FOR ROYAL DIVERSIFIED INVESTORS and attend LIVE on Zoom, Thursdays at 2:00 CST. Ready to go beyond basics and take your education to the next level? Get FREE Access to the Asset Protection Vault. This resource contains our top 5 video Masterclasses and ebooks.**************************************************************DISCORD COMMUNITYhttps://discord.gg/KKS7rZG5kM**************************************************************WEBSITE: http://royallegalsolutions.comLINKEDIN: Check out what folks are saying and make a professional connection with Scott Royal Smith https://www.linkedin.com/in/scott-royal-smith/ FACEBOOK: Join our exclusive group to discover the tax, legal, & asset protection secrets every real estate investor needs to know. https://www.facebook.com/groups/495820367909918/#AssetProtection #RealEstateInvesting #RoyalLegal

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Estate planning is an important topic for everyone to be familiar with. Join the Rocky Mountain MS Center and experienced estate planning lawyer Mr. Thomas Wolf from Ireland Stapleton Pryor & Pascoe to demystify many of the terms used in estate planning such as a will, POA, MPOA, living will, and probate.You will be able to submit questions at registration or live during the webinar. Please keep your questions general in nature as we will not be able to answer questions specific to your situation or give legal advice.Tom will talk the audience through why it’s important to think about these topics early and to discuss them with your family. There are many decisions that can and should be made long before a person is incapacitated for health or other reasons. Putting these documents together ahead of time, and with the knowledge of all involved parties, can give a family more time to process the very difficult experience of losing a loved one.-- About the Presenter -- Thomas J. Wolf is an experienced litigator and trial attorney with Ireland Stapleton Pryor and Pascoe PC. He represents companies, executives, and entrepreneurs in complex civil litigation. He has served as lead counsel in many jury trials in state and federal courts across the United States. Tom is known for his swift and calculated approach to matters involving trade secrets, unfair competition, commercial lease/finance, breach of asset purchase agreements, computer fraud, real estate development and lending, real estate partition, contested probate, commercial fraud, and minority shareholder claims. Tom helps his clients with tailored and thoughtful estate planning solutions to preserve their legacies for generations to come.Thanks to our SupportersThis Empower MS Educational Series is presented in part by Rocky Mountain MS Center supporters, including patient education grants and/or sponsorships from Bristol Myers Squibb, Genentech and Sanofi Genzyme.