Safeguarding Your Legacy: Wealth Preservation Strategies for Florida Families

Episode Summary

In this episode of Out of Court and Out of Conflict, host Kevin Rosenquist is joined by experienced attorney Matt Wasinger to discuss strategies for safeguarding wealth and preserving legacies for Florida families. They dive into the role of trusts in estate planning, how trusts differ from wills, and the various types of trusts available. Matt explains Florida's unique estate tax laws, the importance of selecting the right trustee, and common mistakes people make when setting up trusts. They also discuss when to revisit estate plans and how to prepare for a consultation with an estate planner.

 

Timestamps:

[00:00-00:30] Introduction to the episode

[00:31-02:09] Importance of trusts in wealth preservation

[02:10-03:39] Different types of trusts available in Florida

[03:40-05:16] Benefits of a trust over a will

[05:17-06:26] Florida estate tax laws and their impact

[06:27-08:12] Choosing the right trustee

[08:13-09:04] Advanced strategies for wealth preservation

[09:05-11:07] Common mistakes in setting up a trust

[11:08-13:01] How often to revisit your trust and estate plan

[13:02-15:05] When to revisit your trust after acquiring new assets

[15:06-16:49] Preparing for a consultation with an estate planner

 

About The Show

Out of Court and Out of Conflict is a podcast hosted by Kevin Rosenquist, where experienced attorney Matt Wasinger breaks down the complexities of estate law and probate solutions. Each episode explores topics related to wealth preservation, estate planning, and the legal aspects of safeguarding a family's legacy. With expert insights, practical advice, and real-world examples, Matt offers listeners guidance on navigating the intricacies of trusts, wills, and other estate planning tools, helping families secure their financial futures and avoid costly mistakes.