With the holidays upon us, you might be tempted to gift large sums of money to your children. However, Jeff warns against this seemingly generous practice because gifting cash and/or assets carries real and potential risks, including loss of control, severe tax implications, and inability to pay for long-term care.
Jeff recommends a more thoughtful and lasting gesture—give peace of mind. Do the things that will serve your children best in the long run. Make sure that your affairs are in order. Have your powers of attorney in place. Pre-plan your funeral. Set up a trust to ensure your money and assets are protected and preserved so that your children can enjoy the peace of mind that you wish for them.
🍎 Apple: https://podcasts.apple.com/us/podcast/know-the-risks-of-gifting-money-unwrap-peace-of-mind-instead/id1634278675?i=1000635764582
🎬 YouTube: https://youtu.be/u4tpmJ8Akfo
🟢 Spotify: https://open.spotify.com/episode/4iqhTAT9km7IVUKlEjPHUg?si=w9JMmrYeTo-wn4AoPB7JEg
Jeff is joined today by Craig Milsten. Craig has worked as an assistant District Attorney and the head of litigation at a large general practice law firm. For the last 18 years, he has been with Katherman Briggs & Greenberg (KBG) Injury Law. Craig is an experienced trial attorney and specializes in personal injury claims. Both Craig and Jeff have teenagers who are exceptional performers and musicians. Yorks music communityespecially the York Symphony and the Youth Symphonyhave greatly influenced their children's musical development. You wont want to miss this discussion, which includes the remarkable musical journey of Craigs son, Andy. https://resultsyoudeserve.com/https://www.facebook.com/resultsyoudeserve/?fref=tshttps://www.youtube.com/channel/UCG6oF1dskVt2W5gAMRuh-Hw Apple: https://podcasts.apple.com/us/podcast/from-personal-injury-to-parenting-prodigies-meet-craig/id1634278675?i=1000638521983 YouTube: https://youtu.be/7MqK_9G4Z1k Spotify: https://open.spotify.com/episode/3XUAamw4KNnFQL0QAC6yJA?si=BZ0HkXU_Tayzr6cs6gbnJA
Jeffs guest is Tina Hess, the owner of Good News Consulting. Since 1998, the company has specialized in person-centered dementia care and provided training, consulting, care management, and guardianship services. In 2004, members of the team began serving as court-appointed guardians. With its advocacy, caregiver training, and resources for professionals and families, Good News Consulting continues to profoundly impact the quality and availability of dementia care in our state and communities. The companys website is loaded with wonderful resources. Visit http://www.goodnewsconsulting.com/ and follow us on Facebook at https://www.facebook.com/goodnewsconsulting. To get in touch, call 717-843-1504 or send an email to info@goodnewsconsulting.com.email Apple: https://podcasts.apple.com/us/podcast/empowering-our-communities-the-impact-of-good/id1634278675?i=1000637008895 YouTube: https://youtu.be/l36eAC2E_ME Spotify: https://open.spotify.com/episode/0oqFrT5sUsJ2DTtUSgIDqF?si=YbpjSY-7Q-qs8QmapyIV7g
Episode 68. Estate Planning Essentials: Act Early to Safeguard Your Future Estate planning is for more than just older, established homeowners. Jeff explains when its the right time to set up powers of attorney and wills. He outlines state laws that will determine how medical decisions and finances will be handled if a person dies or becomes incapacitated without legal documents in place. Then, he ties it all together with a discussion of trusts for asset protection and tax management. This is a vital discussion for every adult to understand the importance of timing and the options available for smart, proactive estate planning. Apple: https://podcasts.apple.com/us/podcast/estate-planning-essentials-act-early-to-safeguard-your/id1634278675?i=1000635003372 YouTube: https://youtu.be/TmAAU_uUy_g Spotify: https://open.spotify.com/episode/54OWtfT968uwdm5Gg9Xzrj?si=ay1Zq-XcSMCeB3b3aCJ6ug