Ep 64: Collaboration With Advisors: Key to a Smooth Asset Transition

Rod Hatley, a former criminal defense attorney with the Navy JAG Corps, shifted his focus to estate planning after experiencing firsthand the challenges of probate due to his father's inadequate planning. This personal ordeal has driven Hatley to underscore the importance of early and comprehensive estate planning, particularly for business owners who wish to secure their legacy and assets. As the founder of Hatley Law Group, he is dedicated to helping clients minimize taxes, protect their assets, and ensure a smooth transition of wealth, emphasizing the need for collaboration with specialized professionals. His approach is informed by a deep understanding of state-specific asset protection laws and the satisfaction derived from ensuring clients' wishes are honored without last-minute crises.   Here’s what to expect this episode: Proactive estate planning is crucial to avoid the negative consequences of inadequate preparation. Regularly updating and maintaining estate plans, with the help of advisors, is essential for adapting to changing tax laws and personal situations. Pre-planning in estate planning for business sales can protect assets and minimize taxes, ensuring a smoother process for business owners and their families. Understanding state-specific legalities is important for effective asset protection and estate planning, emphasizing the need for proper structuring of business entities and transferring ownership interests into living trusts.     Connect with Rod Hatley: https://www.linkedin.com/in/rodneyhatley/   Connect with Jacob Koenig: https://www.linkedin.com/in/jacobkoenig/ Learn more about your ad choices. Visit megaphone.fm/adchoices