Major Mistakes That You May Be Making During Estate Planning – EP. 65 – Life’s Third Act

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On today’s episode of Life’s Third Act, Attorney-CPA Joe Cordell is doing a deep dive on a recent article published in the Wall Street Journal titled, “The Biggest Mistakes People Make With Their Wills” written by Cheryl Winokur Munk.

Mr. Cordell talks through the article breaking down and further detailing how these mistakes can affect your estate plan. He touches on topics such as forgetting digital assets, how mismatching beneficiaries can affect your planning, the importance of regularly updating your will, and more. With 60% of Americans not having an estate plan, according to the article’s author, Mr. Cordell discusses how crucial it is to get a proper will and trust in place to protect your assets and the future of your loved ones.

You can read the Wall Street Journal article here – https://www.wsj.com/articles/biggest-mistakes-wills-2d13dc44

If you have any questions about estate planning or elder law, get in touch with an attorney at TuckerAllen.

Lisa Marie Presley: The Importance of Will Validity – EP. 64 – Life’s Third Act

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Join us on this episode of Life’s Third Act as TuckerAllen estate planning attorney Nina Windsor and Attorney-CPA Joe Cordell discuss the passing of Lisa Marie Presley and the concern over the validity of her will.

Lisa Marie Presley, daughter of Elvis Presley and Priscilla Presley, passed away on January 12, 2023. After Lisa Marie inherited her father’s estate in 1993, she drafted a trust naming Priscilla Presley and Barry Siegal as trustees. However, a previously unknown 2016 amendment surfaced after Lisa’s passing, removing Priscilla and Barry and naming Lisa Marie’s two children as trustees. Ms. Windsor and Mr. Cordell discuss the ongoing contest by Priscilla Presley of the 2016 amendment. Together they cover topics such as drafting your will and trust, amendments to your trust, the importance of will validity, and more.

If you have any questions about estate planning or elder law, get in touch with an attorney at TuckerAllen.

Trusts: An Essential Piece of Your Estate Plan – EP. 63 – Life’s Third Act

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Join us this week on Life’s Third Act as Attorney-CPA, Joe Cordell, gives us a full breakdown of one of the most essential pieces of your estate plan, trusts. A trust allows you to be very specific about how, when, and to whom your assets are distributed.

You may be asking, “Do I need a trust?” Mr. Cordell is here to answer that question and more. He touches on areas such as, what exactly a trust is, how it ebbs and flows down your family tree, and the differences between revocable and irrevocable trusts. The most crucial part of a trust is that you get to reach beyond your life to do important things for people you care about that they may not be able to do for themselves.

If you have any questions about estate planning or elder law, get in touch with an attorney at TuckerAllen.

Click: https://tuckerallen.com/

Call: 314-335-1100

The Basics of Asset Protection – An Introduction – EP. 62 – Life’s Third Act

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Attorney-CPA Joe Cordell is back with another solo episode! This week on Life’s Third Act, Mr. Cordell is diving into the basics of asset protection. What is it, how does it help you, and how do you get started?

The way that asset protection is generally understood relates to the question of how you protect the property that you have accumulated from being taken during lawsuits of various types be it personal injury cases, creditors, and beyond. Safeguarding your personal assets is important as to ensure you are not leaving them vulnerable to potential threats. Mr. Cordell gives an overview of the general rules of asset protection and helps to identify some of the common tools that are used from the most exotic to the most simple. Structuring the ownership of your assets to safeguard them from potential future risks is one of the most practical and simple ways to protect yourself from taxation, seizure, and other losses.

If you have any questions about estate planning or elder law, get in touch with an attorney at TuckerAllen.

SECURE Act 2.0 – What’s New for Retirement Assets? – EP. 61 – Life’s Third Act

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On this episode of Life’s Third Act, TuckerAllen estate planning attorney, Nina Windsor, sits down with Attorney-CPA Joe Cordell to discuss the SECURE Act 2.0. Enacted on December 29, 2022, SECURE Act 2.0 contains 300 pages with approximately 90 provisions. There is something within SECURE Act 2.0 for everyone to consider, which is why Ms. Windsor and Mr. Cordell have done a breakdown of the key points to help you understand and plan ahead.

SECURE Act 2.0 is a comprehensive legislation intended to expand and increase retirement savings. Joins us as Ms. Windsor and Mr. Cordell discuss how you may be affected, the changes that have happened to benefit lower-income individuals, and the clarifications that will be coming to many complex and confusing existing retirement plan rules.

If you have any questions about estate planning or elder law, get in touch with an attorney at TuckerAllen.