Tag: Probate Process
Trusts vs. Wills: What You Don’t Know (Ep. 6)

Trusts vs. Wills: What You Don’t Know (Ep. 6)

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Confused about choosing between a trust and a will? 

Let’s clear the air once and for all.

In this eye-opening episode, Jerry Goodman and Megan Hubbard of Tennessee Wealth Management tackle the estate planning myths surrounding trusts and wills. With their expert analysis, they dispel common overstatements and clear up misconceptions, all through the distinct perspective of Tennessee law.

In this episode, you’ll discover:

  • Trust Truths Unveiled: Are trusts really superior for estate taxes and protection?
  • Hidden Trust Benefits: There’s more to trusts than meets the eye, but are they overvalued in Tennessee?
  • Trusts vs. Wills Face-Off: Dive into the pros, cons, costs, and complexities of each.
  • Setting Up a Trust – Worth It?: Explore the reality behind establishing a trust. Is it a smart move or just added stress?
  • Ethical Estate Planning: Join Jerry and Megan as they navigate the ethical implications of recommending trusts.
  • Empowered Decision-Making: Arm yourself with essential insights to make the best choice between a trust and a will.
  • And much more!

 

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Estate Planning Series: More than Just Tidying Up (Ep. 4)

Estate Planning Series: More than Just Tidying Up (Ep. 4)

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Estate planning isn’t just about documents; it’s about the details. Ready to master yours?

In this enlightening PodCLASS, the father-daughter duo of Jerry Goodman and Megan Hubbard from Tennessee Wealth Management decode the complexities of estate planning. Drawing from Jerry’s four-decade-long financial experience and Megan’s teaching background, the hosts unravel the importance of meticulous planning and the dangers of overlooking the details.

In this PodCLASS, Jerry and Megan highlight:

  • Their 5-step estate planning process, initiated with their PodCLASS spiral learning
  • The need for in-depth discussions to grasp personal situations, with a focus on in-person meetings
  • Essential attorney involvement for crafting and refining estate documents
  • The document signing ceremony and its inherent adaptability
  • Step Five: the crucial housekeeping stage safeguarding previous planning
  • Challenges include Tennessee’s probate process, out-of-state probate issues, and pitfalls of incorrect asset ownership.
  • Plus more insights!

 

Connect with Jerry Goodman and Megan Hubbard: 

 

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