Estate Planning Strategies

Jun 14 2024 50

Estate Planning Strategies Podcast artwork

Estate Planning Strategies is a podcast dedicated to everything estate planning, including: wills, trusts, guardians, power of attorney, medical power of attorney, legacy, wealth creation, asset protection, estate taxes, generation skipping taxes, income taxes, charitable giving, charitable trusts, irrevocable trusts, revocable trusts, life insurance trusts, IRA trusts. If it's estate planning related, we'll be talking about it.

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Should you worry about the government taking all of your property when you die?

Jun 14 2024 1 mins

The government is a small player with a BIG role in your estate planning. Here’s the inside scoop. #estateplanning #trusts #realestate #attorneysoftiktok #estateplanningattorneys #legacy #wealth #estatetaxes #medicaidplanning #medicaid #cmslawfirm

Should you put rental properties in separate LLCs and separate trusts?

Jun 13 2024 6 mins

Rental property and asset protection. There is a theory out there that for every rental property you own you should have a separate trust AND a separate LLC. Is that right? Find out here. #estateplanning #trusts #realestate #attorneysoftiktok #LLC #assetprotection #landtrust #cmslawfirm

Estate planning attorney hiring guide.

Jun 12 2024 2 mins

Here’s how to hire an estate planning attorney that will do great work for you. #estateplanning #trusts #realestate #estateplanningattorneys #legacy #wealth #estatetaxes #medicaidplanning #medicaid #cmslawfirm

Divorcing? You MUST update your estate plan.

Jun 11 2024 2 mins

If you die while in the process of divorcing, your future ex-spouse could get EVERYTHING. Here’s how to prevent that. #estateplanning #trusts #realestate #estateplanningattorneys #legacy #wealth #estatetaxes #medicaidplanning #medicaid #cmslawfirm

What to do if your estate planning attorney retires.

Jun 10 2024 1 mins

There are a bunch of old estate planning lawyers out there retiring. Here’s what to do if yours does. #estateplanning #trusts #realestate #estateplanningattorneys #legacy #wealth #estatetaxes #medicaidplanning #medicaid #cmslawfirm

House in Trust: When Does the Step-Up Occur?

Jun 07 2024 1 mins

When you put a house into a revocable living trust, you can get a step-up on a tax basis. If you’re married and in a community property state like Washington, you get this benefit twice. When the first spouse dies, the house receives a step-up in basis to the current market value. When the surviving spouse dies, you get a second step-up in basis to the market value at that time.

Why Probate Sucks and How to Avoid It

Jun 06 2024 3 mins

Probate is the legal process of transferring assets after death. It can be costly, time-consuming, and frustrating. The good news is that avoiding probate is easier than you think! With proper estate planning, such as updating beneficiary designations and creating a revocable trust, you can ensure a smooth transfer of your assets without the hassle. If you need help, we’d love

Inherited retirement accounts? Here’s what you need to know!

Jun 05 2024 2 mins

Have you inherited a retirement account? Learn more about managing an inherited IRA or 401k to minimize income taxes. Plan your distributions wisely to avoid hefty tax bills. Need estate planning or Probate help? Visit cmslawfirm.com for a free consultation. #inheritedIRA #inherited401k #taxplanning #probatelaw #retirementaccounts #financialplanning #estateadvice #taxstrategies #

A Trust is Not Always the Best Place to Put a House

Jun 03 2024 1 mins

Did you know that sometimes putting your house in a trust isn’t the best way to leave it to your kids? If you have one or two kids who agree on what to do with the property, a transfer on the death deed might be a better, cheaper, and faster option. Want to learn more? Visit cmslawfirm.com, and let’s discuss your estate planning needs. #estateplanning #probate #trusts #reales

What to do if an attorney says they are too busy.

May 31 2024 2 mins

What to do if an attorney says they are too busy. At CMS Law Firm we do estate planning and probate, and we do it well. If you need help, we’d love to talk to you about how you can protect your family, protect yourself, and protect your money. Getting started is easy. Just click the link and set up a time for your free strategy session - https://cmslawfirm.com. Talk to you s