Unlock the secrets to a lasting legacy with us, Todd Whatley and Ian Weiner, as we explore the crucial steps to effective estate planning. Say goodbye to the dreaded probate process with our guide to seamless wealth transition. Our conversation casts a spotlight on the hidden traps of state default plans that cost your heirs time and money. We arm you with strategies to distribute your assets while sidestepping legal snags, ensuring your hard-earned wealth makes its way to your beneficiaries intact.
Venture into the world of trusts with us, where we break down how these 'briefcases' protect your assets from life's unpredictable twists. Whether you're facing complex family dynamics or seeking to impose specific conditions on your wealth's distribution, we reveal how trusts can be tailored to your circumstances. Learn how to fortify your assets against a beneficiary's potential missteps and maintain control over your estate, even in incapacity. Our detailed analysis of trusts unveils the intricacies of estate law, providing clarity on how to enact your wishes with finesse.
As we conclude, we reflect on the nuanced dance between wealth transfer and the philosophy of legacy. Inheritances can amplify personal traits, for better or worse, and we delve into how to ensure your wealth serves as a positive force in your loved ones' lives. We offer strategies to build a legacy that aligns with your life's ambitions, emphasizing the importance of instilling values and purpose in your financial planning. Join us on this journey at Wealth for Generations, and discover how to create a legacy that echoes through time.
Unlock the secrets to a lasting legacy with us, Todd Whatley and Ian Weiner, as we explore the crucial steps to effective estate planning. Say goodbye to the dreaded probate process with our guide to seamless wealth transition. Our conversation casts a spotlight on the hidden traps of state default plans that cost your heirs time and money. We arm you with strategies to distribute your assets while sidestepping legal snags, ensuring your hard-earned wealth makes its way to your beneficiaries intact.
Venture into the world of trusts with us, where we break down how these 'briefcases' protect your assets from life's unpredictable twists. Whether you're facing complex family dynamics or seeking to impose specific conditions on your wealth's distribution, we reveal how trusts can be tailored to your circumstances. Learn how to fortify your assets against a beneficiary's potential missteps and maintain control over your estate, even in incapacity. Our detailed analysis of trusts unveils the intricacies of estate law, providing clarity on how to enact your wishes with finesse.
As we conclude, we reflect on the nuanced dance between wealth transfer and the philosophy of legacy. Inheritances can amplify personal traits, for better or worse, and we delve into how to ensure your wealth serves as a positive force in your loved ones' lives. We offer strategies to build a legacy that aligns with your life's ambitions, emphasizing the importance of instilling values and purpose in your financial planning. Join us on this journey at Wealth for Generations, and discover how to create a legacy that echoes through time.
Welcome to Wealth for Generations, the podcast where you learn to grow, protect and preserve your wealth for generations. Our hosts on today's show are Todd Wattley, a certified elder law attorney, and Ian Weiner, a certified financial planner. Join us and our expert guests as we uncover the mindsets, tools and strategies to help you maximize your wealth and impact. Let's embark on this journey to secure your legacy. Please note this podcast is for informational purposes only and is not intended as financial or legal advice. Always consult with a professional regarding your specific situation.
Speaker 2:That's right. This is the Wealth for Generations podcast. Welcome everybody. We've got a great show for you today. Stick around. This may feel like you've maybe heard some of this stuff before, or you may say I've done my say-plenty stuff. Don't touch the dial, hang with us, don't leave. I guarantee that there's going to be something that makes you go. Huh, I hadn't thought of that before. When we have that moment from clients at a meeting, we know that we're making an impact, and so that's what we want to drive to today.
Speaker 3:So this is Todd I do twice a month I do a public thing called Coffee with the Pro, and you know one event there's six or eight, another one there's between 15 and 30. And every time I do it and I've been doing it for eight years, so twice a week for every week for eight years, pretty much without fail people are always surprised. I always ask people did you learn something? And these are typically people north of 60, and I'm like did you learn something? They're like yes, we really learned blah. And so I know a few things that will surprise you, that you will learn something from this show. So please don't leave us.
Speaker 2:And even on the off chance that you're one of the 1% of people who has really really taken a focus on this and done great estate planning, there still may be something that you go huh, I hadn't seen it that way or thought about that yet. So we're going to talk about some of these things. As you guys know, todd brings 25 years of estate planning and elder law experience here, so it's your first time planning your estate but it's not.
Speaker 2:Todd's first time doing it. I talk about retirement planning is kind of like kindergarten the first time you do it. It's everybody's first time, but I've helped folks get through it a number of times. And so what we want to do is we want to help give you shortcuts, save your time, save you heartache, save you money on this stuff. And so when we talk about estate planning really what that is let's condense it down. It's the process of making sure your stuff goes to the people, places and organizations that you care about in the way that you want them to, and as efficiently as possible.
Speaker 2:As efficiently as possible, that's a huge thing, because, todd, I don't know that people know this, but they have a default estate plan.
Speaker 3:Every state has a plan. If you die without a plan, the state will do it. It's not optimal. It fits maybe 1% of the people and it is not cheap and it is time consuming.
Speaker 2:Okay, so if you don't, like your kids, you know like maybe this is the option for you Todd's cracking up. Don't do anything If you don't like your kids, if you want them to pay 5% to 10% of your estate and have to go to court for a year to get it done, just don't do anything. You've got a plan and if that's you, you know, just turn it off, because we're probably not going to be able to help you anyway. You're fine.
Speaker 3:Yeah, you're fine. So what I think one of the things that surprises people is when we talk about estate planning to do it efficiently, is you don't want to go through probate. Yeah, in some states and we're doing this in Arkansas and we're assuming a lot of our people are in Arkansas but in most states probate is a horrible thing to go through. In some states it is better than others, but it is still something. In my mind, if you're a state goes through probate, every time I go through the newspaper and I see all these probates, my thought is somebody messed up, somebody didn't do something correct because you should not be going through probate. All right it.
Speaker 3:Probate is the process of getting something unstuck from a dead person's name. It's a very simple definition A person died owning a house, a bank account, whatever, and it is now stuck in their name. And the way we get it unstuck so we can now sell it to a new buyer is to go to court and have a judge sign off on the transfer of that asset from a dead person. That involves court, which involves lawyers, which involves fees, and the attorney, by law, by state law gets paid a certain percentage of the estate. The executor, whoever that is is appointed by the judge. That person gets paid a statutory fee, which is sometimes more than the attorney. Okay, in the end there were. There are fees such as appraisals, because the judge wants to know how much your house is worth when we sell it. We don't want to sell it for too little, because we need to make sure that all of your creditors get paid.
Speaker 2:You know that's important. Yeah, the process is really set up for creditors. Yeah, In a lot of ways. Pro bait.
Speaker 3:One of the purposes of probate is to make sure that your creditors are paid. If you do what I tell you to do, the money will go directly to the kids upon your last breath and your creditors don't get paid. They can be paid if you absolutely want them to be paid, to tell the kids or pay them off. But if someone loaned money to a person who has died, the only way they can get it back is to go through probate. And if you avoid probate, problem solved. More money goes to the kids.
Speaker 2:Bummer Bank of America lost out on that one.
Speaker 1:Or you lost a fork and lost out. Sorry, discover card. Discover card. Sorry, there's aren't the good guys in the story.
Speaker 3:So you want to avoid probate. So you may be thinking OK, todd, well you're telling me to avoid probate, I need to do a trust. Well, that is one way. It's probably about the way that probably less than half of the people in my office avoid probate is by doing a trust. A much simpler and easier way that, honestly, most attorneys don't talk about, because it's free and you can avoid probate and it doesn't involve attorney's fees and it's very quick and efficient, and that is this thing called a beneficiary. Every asset that you have can have a beneficiary. That's a contractual agreement with the bank or the investment company, or it's on your deed that says at my death, this money goes to this person. They walk in with a death certificate. The bank's like, oh, this person died, their bank account was payable on death, we've proven death and so we're going to pay this money to the people mom and dad said to give it to.
Speaker 2:Gee Todd. Why don't more attorneys talk about that?
Speaker 3:Because that doesn't involve me. You drive up to the bank and you sit down with the bank teller and say here's what I want to do. That doesn't involve me, it's free. And a lot of attorneys don't talk about that and that just irritates me when someone comes in with a trust that really didn't need one and I'll talk about that in just a second. But there are a lot of people who have trust that don't need them, because that's what the lawyer was selling Reviewed one yesterday, yeah, and so I'm like did your attorney talk about payable on death that you can do the very same thing this trust does?
Speaker 3:Now, that's a very specific statement I will talk about.
Speaker 3:I do trust, but I only do them when they're needed, and there are times when a trust is needed.
Speaker 3:So I'm not saying every time a trust is bad, but if a trust leaves assets outright to a child, that's exactly what payable on death does Is it leaves the bank or I have to check to the child and it's done, and I tell families, if you'll listen to me, your children can fly in for your funeral, attend your funeral, get a death certificate from the bank, from the funeral home, take it to the bank and the Bank will write them a check and they can literally get on the plane, fly back home with their inheritance in their pocket. Simple, you're. You're not going to do that with probate. Yeah, it's two or three months till it gets started, yeah, and then it's six months that it sits dormant waiting on all of your creditors to To send in all of their bills, and then, if there's a fight over that, there's court hearings. And if the family decides they want to fight about it, they schedule court hearings and at best it's a year as a general statement.
Speaker 3:I'm sure some states can do it quicker, but it's a year from date of death until the money gets into their hands, and that's if everything goes great.
Speaker 2:So let's say, todd someone's hearing about probate and they go I want, I want to do probate. What document should they have? A will? So if you want to go through probate, if you want to pay five to ten percent of your assets in Arkansas and you want to go through that, you want your, your beneficiaries, to go through that year-long process of court Mm-hmm, maybe suing each other essentially Mm-hmm, so they should have a will in that case if you want to tell the judge what to do with your stuff, that's how you do.
Speaker 3:It is with the wheel, and I understand will is like a dear judge letter. That's what it is exactly and I can understand. People think that they go to this attorney and they may even say you know, I want to do my estate plan and I think it's assumed you don't want to go through probate. But if you walk out with a wheel as your sole estate planning tool, you're going through probate and there are some attorneys out there who will keep the will here. Let me keep this for you.
Speaker 1:I'll keep it safe.
Speaker 3:Well, what that does is is it forces the family to come back to them and say, hey, mom died. Do you have my blood boiling? Oh, I know, do you have mom's? Yes, I do. Here, come into my conference room and let's sit and talk. So, yeah, we need to open up a probate and you need to write me pray $5,000 up front because you know there's expenses and fees and things. And then, as this progresses, you know, once we figure out what all is in the estate, you'll get a bill from me for the statutory Fee that I'm entitled to get. It's. It's another source of income to the attorney. When they could have said, miss Jones, just do payable and death and your kids can fly home with that check in their pocket and they don't have to call me, it's free. So once we figure out popular at the bar.
Speaker 2:But you know, that's that's why we are having this conversation, because people need to know this. You know, that's the point of our show is we want to educate people about what their default plan is and how to avoid that. You know. So we don't want that. So payable and death is a great option. Right, for a lot of things let's talk about. You know, there are many different types of trusts. Okay, it's a whole other episode, I think. But let's talk about. Okay, where does a trust come in handy, and and and, and. There's a there. There are cases where I'm arguing that maybe we should consider a trust when you're trying to talk them out of it, and so that's about that process.
Speaker 3:Well, let's first talk about what is a trust. Just to be clear, a trust is a legal entity that can own property. Okay, think of it as a briefcase. We create this briefcase and we put your property into the trust. Now, why would we do a trust? Why, if payable on death is so great, why would we do a trust?
Speaker 3:Well, sometimes people tell me what I. I Want, you know, half of my estate to go to this one child and I want to split the other half between my other three children. You know, for obvious reasons. Well, to not do equal distributions to your children becomes very difficult with payable on death. Or you're concerned. I really don't want my money to be To go to my son-in-law or daughter-in-law Because I don't like them or they're not good with money or they they're a bad influence on my child and I want to make sure they don't get the money.
Speaker 3:Well, payable on death means it goes to your child and then is subject to their issues in their marriage or their Lawsuits or their bankrupts here, eventual divorce. That money is their money and so it is not protected. Yeah, or my child is a drug addict and I really I'm afraid if I leave them money they're going to use it for bad things or there are spin through. They're going to blow through it in six months after I leave it to them. Is there anything we can do to protect those things? Absolutely, that's what a trust does. So a trust is a legal entity that can own property and then you can control your money from the grave. Basically, you can say I want this money to be protected from bankruptcy, divorce or lawsuits. I want this money to benefit my child who has a drug problem, but I want someone else writing the checks. Or I want to absolutely make sure that this money is not influenced by my son-in-law or daughter-in-law. I can do all of those things or I can do it.
Speaker 3:You know it's like okay, and typically with the percentage thing it's, people want to make sure. You know we're in the South, people love their church and they want to make sure 10% goes to the church. Well, the only way we can absolutely make sure that's done correctly is to, at your death, put it all in one pot and say, okay, this pot is this big, 10% is this. We will write that to the church and you'll know that that gets done with the trust and then everything else gets divided out. So what I call those are complications of your estate plan. Your estate plan is not simple. Equally divided between your kids outright, that's the simplest way to do it. But honestly that's how a good percentage of our people do. You know they're like I'm perfectly okay with that. Great, then payable on death works for you.
Speaker 3:But if you have complications in your estate plan, that you want protections or you want something that's kind of out of the usual, then we do a trust, and that's a revocable living trust where you're in control of it, you control it, you benefit from it. But if you become incapacitated, you've named a person to instantly step in, take control and pay your bills and make sure that everything's taken care of. Without that and without a power of attorney, you become incapacitated. We're going to court again and that's called a guardianship. We've got to go to court, prove that you're incapacitated, prove to a judge that you can't take care of your affairs and then a judge picks someone to manage that for you.
Speaker 3:That's all taken care of in a trust and then at your death, you know what is in this trust. That's what's going to happen, and so that's why trust or grade it avoids probate. It's not in your name. So, going back to the definition of probate, something is stuck in a dead person's name With the trust, since it's a legal entity that can own property. We actually transfer ownership from your bank accounts, your property, vehicles, whatever. We transfer the name to being owned by the trust. The trust doesn't die when you die. It carries on and carries at your wishes.
Speaker 2:Simple, not necessarily easy, right. One of the things that I'm starting to push a little bit more is you know, at a certain point of you know, depending on the asset level that you're passing on especially if it's to the kids, whatever the next generation is at a certain point it's challenging to receive a check. I don't care if you're 30, you know, getting a check for a million and a half, two million bucks without having some pre planning done for a lot of people is disastrous. It's a disaster, especially if there are tax implications of getting that money. If your money's an IRAs or 401ks guess what it's two million bucks now, but when the tax man's done with it, it's half of that. And if you pass away in May of this year and the kid gets it in June, taxes aren't due until next.
Speaker 2:April, and so uh-oh you can see the snowball, you can see the problem.
Speaker 3:Well, my associate attorney just told me this morning of a situation she knew. Kids parent died fairly young. He got 1.5 million, didn't have to work anymore, and so he got bored and started doing drugs and overdosed a few times and then finally overdosed for real and died. I mean the money literally killed him. Yeah, you just. It rarely works out well. How many lottery winners do you know that are doing well right now?
Speaker 2:It's conceptually the same issue. Sure, and there's this old phrase that people say I guess it's kind of an idiom, but they say that money changes people, and I don't think that's true. I think money reveals who you really are, and I know that's really. That's a little philosophical and a little bit challenging. But if you want to know what you would do with $10 million, it's exactly what you've done the last three months. You just would add a zero to that.
Speaker 1:Or a few zeros, a few zeros, yeah.
Speaker 2:So this is one of those things that I encourage people to be thoughtful about. For simple distributions I totally agree, todd Sure, the POD makes sense and we help our clients do those things. But if you have worked hard and have built your retirement nest egg or built your assets, or maybe you've inherited money from your family and you want to make sure that that gets to the next generation and maybe even the next one after that, there's a little bit more work that we probably need to do here to make sure that not only do those things go to the kids and not to the probate court, not to our friends in Washington, your uncle Sam, but do so efficiently. And that's a whole other challenge there and a whole other problem.
Speaker 3:Yeah, and this just came to mind. The other thing about probate is in most states it is public knowledge. Anyone can go down and pull your probate file and say, oh, todd had this much money and he's leaving this much money to his two kids.
Speaker 2:Interesting Watch who comes out of the woodwork. My dad told me a story. He said the anecdotal thing and hopefully no one that's listening to this is a car person. But this is what happened. The people that work at the big sports car dealerships would watch probate and they would call those people. I mean you're like, oh, that makes sense, because they know how that works.
Speaker 3:Hey you just got $300,000?. I got a $100,000 Corvette right now just in your car.
Speaker 2:Why don't you take it around the block? Yeah, take it for the night. That's how I laugh, because that's how it works. That's how it happens. It doesn't come back.
Speaker 3:Without you know, they start signing papers. It's like, yeah, I got $300,000, I'll be glad to spend $100,000 on this car.
Speaker 2:Yeah, no big deal, didn't have it yesterday. Yeah, didn't have it yesterday, I got it. These things, we joke about these things, but it's because we've seen it and we don't want it to happen to you. Unless that's what you want to happen, sure. But when we start to talk about where stuff is supposed to go, how to get it there efficiently, we have to start talking about what is your intention, what is your purpose for it, what do you want to happen? And we talk about this concept of leaving a legacy and I think I've said it on this podcast before. But leaving a legacy is one thing. That's very passive. What we are encouraging our clients to do, and really the core problem that we wanna solve for people, is how do we create a legacy?
Speaker 2:The retirement planning is relatively straightforward. I know that you may be listening to this going I don't know how to pick when I'm gonna take Social Security, build an investment portfolio, make sure I don't run out of money, make sure I don't have to pay long-term care, make sure that I don't get killed in taxes. We can do that, done a couple hundred times. We can do that, sure. The next question is okay, if we do that and you've got two or three million bucks left over because you worked hard to build that up.
Speaker 2:It's not uncommon and that's gonna pass to the kids. How do we make sure that they don't blow it? How do we make sure that your intention for what that money is supposed to do for your family happens? How do we transition the values that you have, your work ethic, your approach to not buying stuff that you don't need, not overspending? How do we transition those things? That's a bigger challenge. We have tools like trusts to do that, but there's other issues at play here and we gotta think about this, we gotta talk about this. We've gotta make a plan to address it.
Speaker 3:We haven't talked much about minor children, but just so you know that if you don't take this into your control and do something with minor children, at your death the money will go to them which a minor can own property. So therefore, there's gonna be a guardianship. That's court, that's expenses, and every year the judge picks a guardian and every year the guardian has to go to the court and show how they've spent the money. And then, what surprises most people is on that child's 18th birthday. That guardianship is null and void and the money goes to the kid.
Speaker 2:Cash.
Speaker 3:That's gonna be unclear. Yeah, they can do anything that they want to with it, and I was.
Speaker 2:I'm rare, I was exceptional at managing money at 18. Of course you were Just kidding, no.
Speaker 3:But yeah, I mean yeah, even a CFP now was probably not that good with money at 18. I mean, think about what an 18 year old would buy. They don't think past the weekend.
Speaker 2:The neuroscience that we have is that your ability to make good decisions, in most cases, is not solidified in the brain until 25. Sometimes later, like, your brain is literally not done for me, you cannot, by definition, make good decisions. That's tough.
Speaker 3:That kid's going to be real popular around town. Oh yeah, for six months, party at my house.
Speaker 2:He's going to be easy.
Speaker 3:For six months and then after six months it's gone and he may owe taxes next April. Yeah, it's ugly, I mean please.
Speaker 2:This is not fun stuff to think about in some cases. It's not fun stuff to talk about in some cases, and if you don't, if you don't like your kids and you want to ruin their life, don't do anything. I mean really. But if you care what happens and you want it to be optimal, we need to make a plan for this. What I love about the only thing I love about doing this in Arkansas is that, whatever, when we sit down, we have a conversation, we figure out what you want to happen, what's the most efficient way to do it. Whatever, our recommendation is whether it's the beneficiary designations, whether it's the most complex trust that we could come up with, the most expensive trust that we could do and there's different types of trust, we'll talk about that. It is the most inexpensive option for you. It is. If it's what you need. It will be less than the default option, absolutely, typically by a factor of like 10 times. Yeah, it's really not an exaggeration.
Speaker 3:Yeah, a $2.5 million of the state's not that big nowadays. Yeah, I was working with a couple and begging them to do what I was recommending and they drug their feed and then had the audacity to pass away on me. Both of them, within 17 hours, died. And so I'm like, oh, we're going to probate. And so I took that case and went to probate and didn't know the value at the beginning. I knew it was not small, but I didn't know how big it was.
Speaker 3:Well, once we started, adding everything together it was like $2.7 million, $2.8 million, and most of it was real estate. And so we take that to court and my statutory fee on that was well over $50,000. And the executor's fee was over $60,000. So there was a hundred and what's that? $10,000 of fees going out on a fairly moderate estate of 2.5. And I was like I know why lawyers do this. Now I know why they talk their clients into doing wheels, because probate is very profitable. I mean, I can't charge $50,000 for an estate plan. You know, the most expensive trust I do is under $10,000. And yeah, if I just did a will for them and said you're good, I'm going to keep the wheel so your family comes back and sees me Knowing that's my retirement plan of I'm going to make about $50,000 here whenever they pass away.
Speaker 2:It's crazy, it's just ridiculous that estate includes life insurance. I want people to understand that life insurance, real estate, is not just cash in the bank, everything that you got and that can get big quick yeah.
Speaker 3:Yeah, the thing I don't have two million dollars, but I've. I've got a million dollar life insurance policy. Okay, there we go. Yeah, there's a million.
Speaker 2:We're half way there, yeah and by the time you know, if your property is worth half a million right now, tomorrow It'll be, you know, 550 and by the time you listen to the episode.
Speaker 3:It'll be 600.
Speaker 2:This is stuff that you know. When you plan ahead, we can save more money. Mm-hmm period period there is. There is zero benefit to waiting. There's zero benefit to planning ahead, and yeah, it's it. There is a cost to doing it, but if you want what you want to happen to happen Mm-hmm, it's worth paying for um, not every time, but most of the times.
Speaker 3:Once we go through this, we go through the signing, they sign, we notarize and I'm like, okay, you're through signing. There's this huge sigh they're like it's done. I can sleep better tonight. I know that this is taken care of and you just see a huge weight of concern about what's going to happen when I die. Now it's done and they they have a huge sigh of relief and A burden is taken care of and they sleep better.
Speaker 2:It's just it's it happens over and over and over the, the, the anticipation of, you know, coming into the meeting and being nervous about talking through this stuff is way worse in your mind than it what it actually is, you know trying to make it fine.
Speaker 3:Yeah, okay, there's tissues on the table, because sometimes it does bring up issues, but we we've been through this so many times that we can anticipate a lot of the things that you're going to want and we truly do make it as Pain-free as possible and it's it's really not a bad process.
Speaker 2:Yeah, and whatever work that you've done up until this point, we're not going to judge you for that. That's the thing that I think people get scared of. You like, oh, I should have all my, I should have my entire life together, I should have everything together, guess what? Just like the rest of us, you don't, and it's okay. Yeah, you know like we're not going to beat you up that you don't have, you know, an Excel sheet of all of your stuff and everything is Filed and color-coded and perfect. Like. That's not what we expect. We expect you to be a person and to have desires of thinking the way that you want things to happen and have concerns.
Speaker 2:I've had we can help with that.
Speaker 3:Yeah, I've had stacks of Tupperware boxes in my office, because that's what people Bring me is a Tupperware box. I'm like, okay, that's fine, we can work through it. We can work through it, we'll figure this out. And you don't have to have all the answers. A lot of times people do leave that first meeting with Some questions are homework. I'm like, okay, here's your homework. You got to think about this and this and it's, it's easy. Call us, tell us what the answers to to these questions are. We'll get your estate done and you'll be back in about two weeks to sign done.
Speaker 2:Done it's, it's a, it's a pain-free process. It really is. Yeah, pain minimal, minimal pain.
Speaker 3:I mean there is some mental anguish to it, okay, but it is nothing compared to the mental anguish that your, your kids, will go through going through probate, having to wait on the lawyer to return phone calls to schedule the hearings, to Pay these debts, to do all this stuff, and just the one-year wait if everything goes perfect. You know, I know of the states that have gone five, ten years, yeah there's a case in Britain a hundred years it's still being litigated. Yeah.
Speaker 2:You know the British take things sometimes too far.
Speaker 3:But I'm surprised there's anything left, I know yeah it's be a size you know I'm yeah please do that.
Speaker 2:It's not worth it.
Speaker 3:So let them get on the plane Going home with their estate in their pocket. Mm-hmm, it can be that simple, okay. Thank you all so much for listening to us.
Speaker 2:Please subscribe and share this with people if you, if you're listening going, okay, you know what fine it's time I'm gonna take care of this. I'm not gonna put it off another 20 years. Call the office 479 601 4119. We, you will come into the office, have a conversation. We're not arm wrestling you at the table. We're gonna just understand what you want to happen and we'll find the easiest, simplest way to do it. Very well said.
Speaker 3:All right, thank you very much. We will see you next time.
Speaker 1:Thank you for joining us on wealth for generations. We hope today's insights inspire and guide you in your financial journey. Remember, the path to wealth and legacy is unique for each of us and we're here to help illuminate your way. Before we part, a quick reminder this podcast does not provide financial or legal advice. The content discussed is for informational purposes only. Please consult a financial planner or legal advisor for advice specific to your situation. Visit us at Wealth, the number four generations. Calm for more resources and don't forget to subscribe to wealth for generations Until next time. Keep building your legacy, one decision at a time. You