Smart Retirement

Episode 37: Pass the Estate Plans, with a side of Gravy – Happy Thanksgiving!

November 24th, 2020  •  35 mins 57 secs  •  Download (49.4 MB)  •  Link with Timestamp

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In this episode Mike and Matt touch on why this time of year is a great opportunity to focus on the items that you need to be organized in your Estate Plan with your immediate Family; but, also your Parents or Grandparent’s plans as well. Matt goes over the basic necessities of what you really should have completed, notarized, and in order so that is the unthinkable illness, or worse death, happens in the Family you are ready to comfortably take action. Then, Mike touches on the proper way to utilize a Hard Money loan to help a Family Trust execute a cash out mortgage on a Real Estate asset in the Trust so that the beneficiaries can all receive their net proceeds, while the other sibling that keeps the Property benefits from the original tax basis that Mom & Dad held on the home.