There are four ways to transfer assets to your loved ones: joint ownership, sole ownership, sole ownership with beneficiary designations, and via a trust. Depending on your situation, you could use one or more of these methods. It is vitally important, however, that you treat the four methods as related elements in an overarching estate plan.  Jeff takes you through the proper use cases and tax implications of each wealth transfer method. He issues a reminder that family members with special needs require unique consideration within the overall estate plan. And, he encourages you to review your legal and financial arrangements to ensure that they are well coordinated and aligned with your long-term goals.Don't forget to Follow, Like, and Subscribe for upcoming podcast episodes: Apple: https://podcasts.apple.com/us/podcast/mastering-wealth-transfer-coordinate-your-assets-for/id1634278675?i=1000625510053 YouTube: https://youtu.be/cu4k69D_iRA Spotify: https://open.spotify.com/episode/0sIs3YeTTOVZm8hfj0q9zo?si=Q95FXdRjSce9frvl56XGWA

Episode 55. The Smart Move: Protect Your Biggest Asset by Placing Your Home in a TrustRegardless of your financial situation, putting your home in an asset protection trust provides unparalleled benefitsit safeguards the wealth in your home, anticipates future healthcare needs, and minimizes taxation. Placing your home in a trust is not just a smart financial move, it provides you with the sense of security that comes with continued control and ownership of your home.Estate tax planning trusts were used more when tax rates were much higher. But today, it makes more sense to use an asset protection trust. An asset protection trust that satisfies the look-back period ensures you wont lose the home to creditors, reduces capital gains tax, and provides your children and grandchildren with greater inherited wealth.Don't forget to Follow, Like, and Subscribe for upcoming podcast episodes: Apple: https://podcasts.apple.com/us/podcast/the-smart-move-protect-your-biggest-asset-by-placing/id1634278675?i=1000624726087 YouTube: https://youtu.be/rxD-hiL1dVo Spotify: https://open.spotify.com/episode/4LKIZs6vpCr5J0UECEMPLb?si=4davi1pgQY6KbRg6oWzjXg

Episode 54: Our Revolutionary Estate Planning Process: Protect Your Future with Bellomo & AssociatesThe team at Bellomo & Associates is passionate about providing education and empowering your family with the knowledge you need to make informed estate planning and elder care decisions. Our educational workshops and updated service model are revolutionizing estate planning practices all across the country.The Three Secrets Workshop explains how to protect your family's legacy and why planning for health care costs and long-term care is essential. Our Red Wagon Club offers ongoing support and assistance. And, using our combined estate planning and tax management expertise, we can set up an innovative Roth Alike Trust to protect your retirement assets while promoting tax-free growth. With these programs and others, youll enjoy the assurance that your plans align with changing laws, family dynamics, and individual needsultimately giving you greater peace of mind that your assets are protected now and into the future. Don't forget to Follow, Like, and Subscribe for upcoming podcast episodes: Apple: https://podcasts.apple.com/us/podcast/our-revolutionary-estate-planning-process-protect-your/id1634278675?i=1000624001620 YouTube: https://youtu.be/CfnuYaUFmKg Spotify: https://open.spotify.com/episode/6UL2EaUh4Ju9gPM5AuzBpb?si=UJ0iJ-M7Q9q0JKF1FY5QXw