Special Guest Gabriel Katzner, Estate Planning Attorney

Gabriel Katzner navigates the complex climate of recent estate planning law (proposed) changes. Jason and Alex crossfire questions at Gabriel in an attempt to better understand the potential implications on all of us as it pertains to taxation effects of our retirement assets, creditor protection on those same assets and much more.

In this show you will learn about:

What is The SECURE Act – what’s it all about and what are its key provisions

The benefit of conduit trusts, and why they are so ubiquitous, is that when a conduit trust is used, while RMDs are subject to creditor claims, the undistributed account balance is protected from creditors, predators, or simply bad choices made by beneficiaries.

Several Good approaches to address key concerns that will take effect with The Secure Act

The Bottom Line – while the income tax aspects are important, we should keep our eye on the fundamental reason we created a trust in the 1st place – and that’s to protect our beneficiaries, typically ultimately our children, from all the downside that comes along w/great wealth when unable to handle it. Accumulation trusts address this issue and, with The SECURE Act, are going to play a vitally important role in a modern and sophisticated estate plan

 

Transcript Available Here

The content of this radio show is provided for informational purposes only and should not be considered investment advice or a recommendation to buy or sell any types of securities. Mr. Labrum and Intelligence Driven Advisers/Financial Detox are not responsible for the consequences of any decisions or actions taken as a result of information provided in this radio show and do not warrant or guarantee the accuracy or completeness of the information provided. The information discussed today reflects the views of Mr. Labrum and his guest(s) as of the date of this show and are subject to change without notice.Past performance is no guarantee of future results. Any forward looking statements or forecasts are based on assumptions and actual results may vary from any such statements or forecasts. No reliance should be placed on any statements or forecasts when making any investment decision. Accordingly, listeners should not rely solely on the information provided today in making any investment decision.There is a risk of loss from investing in securities, including the risk of loss of principal. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be profitable or suitable for a particular investor’s financial situation or risk tolerance. Asset allocation and portfolio diversification cannot assure or guarantee better performance and cannot eliminate the risk of investment losses.

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