Ep. 129 | Estate Planning 101 - Teaching Tax Flow: The Podcast

Episode Transcript
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John Tripolsky (00:03):
Here we go, everybody. Episode 129 of the
Teaching Tax Flow podcast.Welcome back. If you are a new
listener, welcome to the party.So let's get into it today.
We are gonna look at estateplanning one zero one with a
great guest as always. Butbefore we do that, let's take a
brief moment and thank ourepisode sponsor.

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Hey, everybody, and welcome back to the Teaching
Tax Flow podcast. So obviously,we get all of our topic ideas
from community members, emails,text messages, private Facebook
group messages that kinda justcome to us randomly from the
community itself, and this isone of them. So here we are.
We're gonna talk about estateplanning one zero one. So really
what that is, you don't wannahear it from me because I don't

(01:20):
have all the answers, and that'sthe best part about what we do
here on this show.
Chris, I don't even think youhave all the answers. So not
only thank you for joining usagain on your own show, but
thank you for finding this greatguest that we're gonna introduce
here in a moment.

Chris Picciurro (01:31):
Well, my pleasure. It's you know, it's
always great to be back on thepodcast. And one of the things
with teaching tax law, we talkabout what is we are the voice
of tax planning, and we talkabout legally and ethically
reducing the tax someone pays intheir lifetime. That is our
mission. The thing is a lot alot of people just think that

(01:52):
means income tax.
Right? But, ultimately, a statetax is a huge revenue generator
for the federal government, notas much maybe anymore with some
of its tax cuts and jobs actchanges. But this we've got some
serious, I don't know,challenges to navigate through
in the future. And, without theproper you know, we we've got

(02:15):
people now going mainstreamwith, income tax planning, but
estate tax planning could bejust as important. So we are
very happy to have a specialguest.
We had a previous episode justspecifically on living trust,
but we're gonna cover that andmore today. Estate planning one
zero one. Really excited to haveCourt Pitcher from Legacy Lock

(02:36):
join us. Court, how are youdoing today?

Court Pitcher (02:40):
Doing great. Excited to be here with you
guys. Appreciate the opportunityto to be a part of this with you
and and and your viewers andyour audience. It's awesome.
Thank you.

Well, thank you. You know, we know that you
guys are are sponsors of thispodcast, but that has nothing to
do with with wanting to get youon this podcast. We are really
excited. Can you tell us alittle bit about, you know, your
history, how you got into, this,this industry, and, and then
I'll start asking some questionsabout estate planning.

Absolutely. Yeah. So twenty years ago, this month,
I actually had two two goodfriends pass away unexpectedly,
very tragic events. They werethey were separate incidences,
but, you know, being close toboth families, I observed some

(03:33):
very interesting things. Onefriend that passed away, you
know, he left behind his wife,three young children, and she
was expecting their fourth atthe time.

Oh, wow.

But he and his wife had not really done any any
planning at all for themselves.And so as a result of that, it
it you know, his wife wasobviously grieving and mourning
his loss. His kids were as well,obviously, but but because they
hadn't done any planning, it itit, you know, forced her into

(04:09):
trying to navigate somefinancial things and some and
some legal challenges that thatwere really difficult, and it
just, you know, compounded theoverall pain, if you will. The
other friend, on the other hand,was just he was the exact exact
opposite. He and his wife hadbeen much more proactive and

(04:30):
intentional in planning.
And so as a result of that, youknow, that just the way that
that basically the path wasalready opened and paved for
them to be able to transition,you know, even though they lost,
in her case, her husband and thekids' case, their dad, know. It
just was a totally differentoutcome. So that obviously

(04:54):
motivated me and my wife to takesome action and, make sure that
we we do some planning for usand our family. And once we dove
into that, I realized, man, I'veI've got a lot of passion for
this. And I really wanted to beable to help more people avoid
what my one friend and hisfamily went through and help

(05:17):
position other more people to bebe like my other friend and and
and have a good plan in place.
And so that's what ultimatelywhat led to me getting into this
business. But then once I gotinto the business and started
referring clients to, you know,local attorneys and stuff, I
realized that there wasn't agood a great solution for the

(05:41):
masses. People weren't beingserved very well in that space,
in my opinion. I found thatthere were a lot of gaps and
holes that that weren't beingfilled and completed. And so
that that motivated me and mypartners to create a better
solution that would be much moresimple, much and and also that

(06:04):
would allow us to make sure thatwe're doing a full comprehensive
estate and legacy plan and makesure that those holes, those
gaps are filled properly.
So that's what led to us,partnering with some attorneys,
And we brought in some softwaredevelopers and developed, our

(06:25):
estate planning softwaretechnology, which we call Legacy
Lock. And that over for for overa decade now, that has allowed
us to serve people and familiesin all 50 states. So all of our
documents are, compliant andwith, you know, within the laws
specific to the laws of all 50states. So it was great because

(06:47):
it it expanded our footprint andallowed us to, you know, help
and serve more people all acrossthe country, and and we've loved
doing it. It's been it's beengreat.

Well, that you made a great point as far as
from a from the estate planningperspective. You know, there's a
financial aspect. Luckily, mywife and I did our living trust.
Gosh. We were in our third yeah.
Thirties. Well, I was in my latethirties. She was in her mid.
But and the reason wasn'tnecessarily financial. It was it
was what would happen to ourchildren if something happened

(07:20):
to both of us?
You know? So when you thinkabout estate planning, I think
the biggest misconception outthere is you have to be wealthy
or you have to have a lot ofincome or a lot of assets for
estate planning to be important.And that's far the the farthest
things from the truth. And andwhat I like about what you've
created, and we'll we'll kindatalk about that later on, is
that it is something that thatyour average income household

(07:45):
could could, you know, canafford.

Mhmm.

It's peace of mind that that, people wait too
late to do their estateplanning. Right? Trust me. You
wanna do it in your thirties,because when you're in your
eighties, it it feels rathermorbid, and it's it's something
like it's it's it doesn't feelnot that I'm in my eighties yet,
but it doesn't I might walkaround like I'm in my eighties,
but but it doesn't feel good. SoRight.

(08:09):
So if you have minor children orchill any children, man, there
there are so many nuances tothis when you're talking about,
you know, America now isn't thewhite picket fence in the
fifties and sixties. We have wehave, you know, second
marriages, third marriages. Wehave we have people getting

(08:30):
remarried in their sixties andseventies, and their entire
estate plan was set up withtheir their previous spouse, and
and someone has adult children,and someone owns this house, and
who who you know, there's justso many webs and
interconnections that someonehas to consider that not just
financially, but, you know, whenit comes to estate planning. So

(08:53):
I thought are you seeing thatalso in your work?

You're abs yeah. Absolutely. We you know, in in
today's world, there's so manydifferent scenarios, different
dynamics with families, and and,yeah. It it but it's still
important. And I'm glad youbrought up the the guardianship
for minor children because whatwe find is for younger younger
families, you know, that isreally a big thing.

(09:21):
People wanna make sure that thatif if something happens to them
unexpectedly, that they havechosen who their kids would go
to and be you know, who wouldtake care of their kids.
Whereas, if they don't do that,and then something happens to
them, well, now the state stepsin and the state gets involved,

(09:43):
and then the family has to, youknow, hire an attorney and pay
the attorney and go through, youknow, an emotional process, an
expensive process trying to getcustody of the kids. So so the
guardianship is a huge thing,especially for, you know, people
who do have minor children. Forolder for older people, the the

(10:06):
big thing is, you know, wantingto make sure that they aren't a
burden to their children whenthey leave. They don't you know,
so the big the hot button forthem is avoiding probate.
Mhmm. They wanna make sure thatonce they pass away, that their
estate and the assets in theirestate transfer smoothly, and

(10:28):
they wanna keep the government,specifically the courts, out of
their affairs so that it makesthings a lot better for their
family. But but anyways, sothose are kind of the two hot
hot buttons depending on wherethey're at in their life.

Well, yeah, I had five kind of components I
wanted to chat about. Youalready nailed one as far as the
guardianship for minor childrenand understanding that that you
might have if you have minorchildren, right, and you are
parents, you might have someonethat that would be guardians for
your for the kids or or thechildren would live with if
something happened to youprematurely. However, it might

(11:04):
be a separate person that takescare of the finances because
sometimes you've got people thatare amazing with children. You
know they're going to get to thesoccer baseball bowl practices.
They're gonna attend parentteacher conferences, but they're
just not that great with moneyand vice versa.
And so so understanding thatdifferent people can play
different roles, just in mypractice, I've I've I feel that

(11:27):
pain or that that stress of, Idon't know who's gonna take care
of my kids because they youknow, we don't really feel like
they're super responsiblefinancially. Or well, that could
be two separate people. Right?And and and whoever takes care
of your children, there might besomething in in, obviously, you
know, life insurance could playa role as as far as a there
might be something that allowsthat person that's gonna take
care of the kids maybe to add onto their property or to maybe

(11:48):
sell their property and get alarger property and and thinking
through that. So

yeah. And you're hitting that's another you're
hitting on another great thing,Chris. Like, we we encourage
when we meet with clients andtake them through our process,
we encourage people to nametheir guardians, and we usually
recommend they name a primaryand an alternate so they have a

(12:15):
backup in place. But then werecommend having their successor
trustee, the person that's gonnahandle the assets and the money
and all that, we recommend thatthat's someone different than
the guardian. Because then thenthere's accountability.
There's checks and balances.Whereas if if they named the

(12:36):
guardian and the successortrustee as the same person,
there's really noaccountability. There's no
there's no checks and balances.It's possible. I mean, you would
hope it wouldn't happen, butit's possible that that
guardian, if they also haveaccess to the assets and money,
could use some of thoseresources for their own benefit.

(13:00):
And and so when I explain thatto people, they're like, oh, I
don't want that because I wannamake sure our assets are there
for for for our kids, not notanybody else. So so I'm glad you

brought that up.

No. No. My pleasure. That's a great point.
And, and I know.
So we're gonna I can alreadytell you we're gonna have to
have court back on in the futurebecause we're gonna have an
estate planning two zero one andsome other interesting stuff. So
I'm gonna try to keep it onezero one. But you mentioned
something. One of the othercomponents I wanted to touch on
is understanding that,difference between a will and a
living trust and understandingthat one is a directive and yet

(13:37):
the court system determines thethe distribution of your assets,
and one is is is, is youcontrolling your assets. So, you
know, could you just give us, Idon't know, a difference between
those two documents?

Absolutely. So a couple couple differences. A
will takes effect upon death. Atrust takes effect goes into
effect immediately once thedocuments are signed and
notarized. It becomes a a livingcontract and an entity that that

(14:12):
you manage and control and cando different things with
throughout your life.
The other thing is a will, eventhough it provides directives,
it does not avoid if all youhave is a will, you're not gonna
avoid probate. K? So all youhave is a will and you pass
away, even though it it giveslays out your directives, it the

(14:36):
the estate is still gonna haveto go through the probate
courts. So that's why having awill and a trust is important.
And then with the trust, whatyou wanna make sure is once you
establish the trust, you wannamake sure that your assets are
properly funded into the trust.
People ask me all the time, whatdoes funded mean? What is, you

(14:58):
know, what is funding? It justmeans to move or transfer assets
into the trust, and as long asyou structure that properly,
then when you pass away, yourfamily won't have to deal with
the government. It'll completelyavoid probate. So that's a very,
very important step.
Very important step.

I can't tell you how many times we've had,
clients pass away, and they theycreated this they've got a
really and now, you know, we'rein the we're in the post
pandemic era. Right? So think ofmaybe a virtual, but they've got
that beautiful binder of alltheir documents and did and
nothing got funded. None oftheir they didn't actually

(15:41):
change anything, maybe a bankaccount, and they've got all
their the the their property isstill going through probate, and
it's it's a mess. So, thank youfor that explanation.
I wanna kinda ask you about acouple other kind of things that
someone should be aware of. Canyou talk a little bit about,
like, what a power of attorneyis? And and I obviously, there

(16:03):
there there could be medicalreasons you would have that or
financial reasons you can havethat. It's a it's a takes a lot
of trust to give you a POA POA.But, you know, I think
especially for the risk a lot oftimes, if someone becomes
incapacitated, that risk ishigher than someone passing
away, actually.
Yeah. And it could be a biggerburden on their family, not to
be morbid about that, but thatthat because it's usually,

(16:26):
that's underinsured or notinsured. So, yeah, could you
tell me about a little bit maybeabout the difference between a
power of attorney and maybe ahealth care directive?

Yes. Absolutely. So we we in our in our document
package, we provide a financialpower of attorney and a health
care power of attorney. So thoseare used if first of all, first
of all, those powers of attorneyare individual documents. So,
you know, a husband will havehis own financial and health

(16:57):
care power of attorney, and thewife will have their own
financial and health care powerof attorney.
Usually, we name each spouse asthe primary agent of those
powers of attorney. The agentjust means that's the person
that's authorized to utilizethat power of attorney in their

(17:18):
behalf. K? So anyways, but thoseare documents that are used as
you as you said, when if andwhen they become incapacitated.
So if they become incapacitated,let's say they're they're in a a
coma or a vegetative state andthey're unable to communicate,

(17:38):
the financial power of attorneyis used by the agent to
basically to handle theirfinances, you know, if they're
in that type of condition.
It it spells out veryspecifically what powers and
authority they have and whatthey do not have. So I tell
clients all the time, you know,once you appoint that agent and

(18:01):
they have that authority, it'snot like they can just take that
document, start selling off allyour assets, raid your bank
account, and run off toAustralia. Know, they can't do
that. Right. It's a fiduciaryrole, so they have to do what's
in the best interest of of, youknow, of that family's financial

(18:22):
situation.
With the healthcare power ofattorney, again, it's used if
they're incapacitated. So ifthey're unable to communicate
their healthcare wishes, thatthe agent is then the one that's
authorized to work closely withthe doctors and and make, you
know, important health caredecisions in their behalf. And

(18:42):
then that leads to anotherdocument that we call the
advanced health care directives,also known as the living will.
That that document kinda helpstake some of the big decisions,
take some of the pressure onthose bigger decisions off of
the agent. Or or in other words,it helps the agent know what

(19:03):
what that person would want ifthey're in a certain situation.
So what it says in our documentsand and you'll you'll be able to
tell how many of these I've donebecause I've got this memorized.
But what it says in yourdocuments is if you have a
terminal condition or you're inan irreversible coma or a
persistent vegetative state thatdoctors believe to be

(19:25):
irreversible or incurable, whatwould you want to have happen?
Do you want them to do you wannaelect to have them do everything
to continue to prolong yourlife? Or do you wanna put
limitations in place, whichbasically means start the
process of pulling the plug? Butthat's a very important document

(19:47):
to have if if you're, you know,if you're ever in that type of
situation.
Because then it it's basicallythat document is your voice in
the event that you cannotcommunicate if you're in that
type of condition.

Cord, I I got a question for you. So it's going
back a little bit to your yourexplanation of kind of what what
drove the decision to createlegacy lock was unfortunate
situation, but I think it led tothe fact of, you know, it it
happens to a lot of us, whetherit's now or later. And Mhmm. It
it's almost like the million ofanalogies and stories we can

(20:21):
come up and say, oh, I wish Iwould have known back then when
I know back now. Or back now.
I know now what I knew backthen. Right. Or the other way
around. So let me ask you thisquestion too. So I'm sure you
guys either see this a lot nowor you have in the past.
Right? Like and I'm saying thiskind of from the heart because
this was me at one time. Right?Where do you have individuals

(20:41):
that say say you have a youngermarried couple, business owner
on one side, w two is basicallya full time employee on one
side, kind of your your average20, 30 somethings, no
dependents, no no children, saythey own one house, vehicles,
all this stuff, and they say,oh, well, know, I don't need to
worry about anything because I'mgood. I'm I'm healthy.

(21:05):
I'm young. Whenever I die,they're just gonna get it all
anyways, in in that case. Butthen, say, you know, they're
kind of the young young anddumb, a little bit of that term.
But then, say you start to sayyou have one child. Right?
Nothing's still planned out. Andthen, say you have another
child. Nothing's still plannedout. So what would be your

(21:25):
advice to anybody who's a littlebit younger than that, or, you
know, maybe a little bit older?And I I say this too because it
is why I love Legacy Lock, andthis is kind of where I'm going
around in this circle, is thatyou guys are you're accessible.
Right? It's it's all online.Because I mean, even to this
day, right, even if I knowexactly what I'm going into an
attorney's office for, it'salmost like I'm walking up to a

(21:48):
counter to pay, like, a parkingticket. And you're just like,
oh, I I don't know exactly howthis is gonna go, but, you know,
I'm a little bit intimidated. Iknow that sounds ridiculous, but
I'm sure it happens with a lotof people.
So so again, that's that's why Ilove what you guys have created
and kinda what you spoke on. Butwhat what's your advice to
somebody like that? And I'm sureyou're gonna say the earlier,

(22:08):
the better, but then maybe backit up with a little bit of, you
know, how we you just justbrought up a living will. Right?
So things can be changed andshould be changed as time
progresses.

Yeah. Great. This is a great question, John,
because it comes up all thetime. People ask us all the
time, especially especiallyyounger people, you know, that
have that are younger, haveyounger families, they're just
kinda getting started withthings. You know, as as Chris
alluded to earlier, there's aperception out there that trusts

(22:40):
are only for the wealthy.
Trusts are only you only need aa will and trust when you when
you have more assets. That'sthat's not true. That's that's
that's a myth. So again, peopleask me all the time, how do I
know if I need a will and trustand powers of attorney and
stuff? And the answer is prettysimple.

(23:01):
If you're if you're if you haveif you're married and have
children or even if you'redivorced and have children.
Right? Especially minorchildren, you should have what?
If you if you own a home andhave equity in your home, if you
have money in your bankaccounts, if you have retirement
accounts, life insurance, whicheverything I just said, most

(23:25):
people, that's their situation.That's what they have.
Right? So basically, if if theyif they have those things, they
really should be looking to getthese essential documents in
place because, again, you know,we I think we have a tendency to
think that we're immortal, likenothing's ever gonna happen to

(23:48):
us, But life, you know, lifethrows curveball curveballs.
Things do happen, and and, youknow, it's better to have those
things in place and have thepeace of mind and the confidence
that if something happens, whensomething happens, there's a
plan in place, and, you know,your loved ones are gonna be

(24:09):
cared for and provided for. Infact in fact, I wanna just share
this real quick.

Yeah. It's okay. Please do. Absolutely.

Not long after I came into the business, there
were a couple advisors that werea part of our firm, very, very
successful guys. Got in a, theywere they got in a tragic, plane
crash coming back from a seminarthat they had done. And both of
them were, you know, married andhad children, and we had a big

(24:40):
client event planned probablylike a month or two after they
had passed away, and we invited,both spouses to speak at that
event. And I was blown away justbecause it was so close, you
know, to to when their husbandshad passed away that I I just
didn't think they would acceptjust because of how emotional

(25:03):
things were and but they did.And they when they got up to
speak, I mean, we're in a bighuge ballroom with probably over
500 people there.
And they got up to speak and Ijust I'll never forget that. But
one of the guys, his wife saidsomething I will never forget.

(25:25):
She said, I am so glad gratefulthat my husband practiced
everything he preached to hisclients. Because he did, even
though he's no longer physicallywith us, he is still providing
for our family. And that hit meso hard.
I was like, man, that'spowerful. That shows that he

(25:50):
really cared about hisstewardship, shows that he
really loved his family. Andthank goodness he he did
practice what he preachedbecause it made a huge
difference for her and herchildren. I mean, they've now
been able to go on and and dogreat things themselves, and
it's all because of how heplanned and and that he, you

(26:10):
know, literally practiced whathe preached.

No. That's a again, unfortunate situation,
but fantastic Yeah. Story thatshows the power of it. Right?
And, yeah, you you guys are notin the business of selling
bubble wrap, so things don'thappen to people.
But you you you are giving thema a plan, because it will come
eventually. There's It will. Youknow, that solution hasn't pit
us yet. Right.

Dry yeah. Stress is expensive, so you've
got and and to to alleviatethat. Wow. Well, I will couple
couple more one more thing I andthen I'm you know, because we
kinda talked about when someonewould want to start the process
of estate planning and have aliving trust. What are
situations where someone becauseI've seen this situation.

(26:53):
What are situations wheresomeone would would actually
want to change it? So forinstance, I'm thinking about
people moving states, peoplebuying maybe an investment
property in another state. Sofor, you know, I mean, if that
could because there'sjurisdictional issues, and and
and what if, maybe, two or thethree things where someone would
say, you know, I did my estateplanning, but I might wanna work

(27:14):
with someone just to take a afresh look at it. Maybe children
maybe their children gotmarried. Maybe their children
got divorced.
I mean, there's a lot ofsituations, but just kind of
common common situations.

Yeah. Okay. Yeah. This is a great great point here
too. And and one of the valuablethings about our about our pro
program is, you know, ourclients pay a one time upfront
fee that's that's usually lessthan what they would pay
elsewhere.
But then one of the uniquethings with our program is they

(27:50):
can make changes, updates, andrestatements to their trust
anytime they want for the restof their life for only $30 a
year. Wow. That's not a month,that's that's a year. Thirty
dollars a year. Whereas ifthey're working with an
attorney, that attorney's gonnapay charge a higher upfront fee

(28:10):
and then they're gonna chargetheir hourly rate anytime they
wanna make changes.
That can add up to be quite abit of money over time. Yeah,
yeah, exactly. So that's one ofthe great things about our
program is we can help peoplemake changes. You know, some of
the common changes, Chris, are,you know, maybe changes to their

(28:31):
guardians, who they want forguardians. Right?
Maybe they named their theirsister, and then they had some,
you know, some kind of clashwith the sister, and so they
decide, I wanna change that.They may wanna change their
successor trustees. They maywanna change their beneficiaries

(28:51):
or how their you know, thepercentages that go out to their
beneficiaries. They may wannachange who they want as agents
on their powers of attorney. Lotof different things that that
that they may wanna change justas life goes goes along and and
we can help with that.
The other thing is even if theyhave an existing trust, let's

(29:11):
say it hasn't may they have anexisting trust, they haven't
updated it in a while, theywanna make some changes, we can
do that. We can do that forthem. So so that's that's a nice
thing for people.

That's cool. Well, I am I know that we'll you
know, we're gonna leave, if ifyou're listening to this and
it's resonating and you'rethinking either yourself or
someone in your family has hasmaybe just needs to talk to
someone about estate planning,let us know. We will put a link
in the show notes. Just makesure that you you know, if tell
them you're part of the teachingtax law community, and you're

(29:45):
gonna be able to get a aninitial consultation that's
complimentary to because I, youknow, I know how court and I
know how your op how your teamworks. Similar to our private
CPA practice, we like to talk topeople upfront, see if we're a
good fit.
And you might talk to someoneand they say, gosh. You did a
great job. You know? Pat on theback. Or you might say find an
opportunity to to help them out.

(30:05):
Now I'm gonna dust something offthat we haven't hit. This
podcast where gosh. We've beendoing this for over two and a
half years now. I don't know whyI stopped doing this. So, Court,
I apologize.
You're gonna get put on the hotseat because I'm gonna ask you
some rapid fire questions notrelated to, estate planning. So
we'll end on kind of a fun funhappier note. But although it is
again, stress is expensive, sodefinitely think about, think

(30:27):
about that. And and and we'regonna have you back on. We're
gonna do some two zero one.
We're gonna do some other stuffif you if you're if you're
willing, we'll just hunt youdown. Alright. So here are my
rapid fire questions. What yourfavorite sports team?

College or pro? Both.

We'll give you a bonus.

Okay. My favorite college team is Nebraska. I'm a
huge Nebraska Cornhusker fan.Have been for a long time. I own
a lot of Nebraska stuff.
Go out to one or two games everyyear, so big Nebraska fan. I'm
probably more of a college fan,college sports fan than than
even pro, but I love the pros.So on the pro level, I like the

(31:10):
Dallas cowboys. Hard to sayright now because they're, you
know, not in a good place, butbut still a big fan. So

We understand. What's your favorite cereal?

Favorite cereal?

Yeah.

I know this may sound kinda weird, but lately,
I've been on a cookie crispkick. So cookie crisp, cinnamon
toast crunch, and and you can'tgo wrong with, Captain Crunch
either.

So I'm a big Captain Crunch fan. I like the I
like that. Alright. My last one.What's your ideal weekend look
like?
You're probably gonna tell me,listen. I wanna go to a Nebraska
Cornhustler game. We're gonnaplay Oklahoma because they're
not in our conference anymore.We're gonna whip them. We're
gonna tailgate, and then we'regonna but but, yeah, what are
some what are what's an idealweekend for you?

Ideal weekend, Going out on a date with my
wife, for sure. Gotta have datenight. Going out on a date with
my wife. I I like to getoutside, get outdoors. We we've
gotten really into pickleball,so making sure we play some
pickleball.

Oh, boy. Okay. Just

made Chris' day.

Oh, alright. Alright.

Of course, let's when you get back to
Nashville, you gotta come playwith us. We actually have a
sponsor that's a pickleballapparel and lifestyle company.
Yeah. So

Oh. Alright.

Yeah. Well, that wasn't even a plan. John,
you should be proud of mebecause I did not this is, like,
the first episode I didn'tmention pickleball in I am

extremely proud of you, sir. I I will give you a
bonus point for this one.

So good work. You got into ball. That's fine.
Do you does your wife play also?

Yeah. We've gotten into it together. So
that's that's been great. It'sbeen a lot of fun. So and then
just be you know, just beingwith being with my kids, being
with friends, just we'd enjoythe social interaction.
So but then we also love totravel. So any weekend we can
get away and go do something funelsewhere, we love doing that

(33:11):
too.

Well, I've got one do you listen to any I
shouldn't do they're not apodcast sponsor, these guys, but
do you listen to any pickleballpodcasts?

No. I don't.

Okay. I found well, there's a couple that
they're not not too many goodones. There's one called four
point o to pro, obviouslytalking about duper scope
rankings. And I've mentally, onthe court, it's helped me take
it up another notch. And they'reonly, like, twenty, thirty
minutes, and they're talkingabout either one specific shot
or one specific strategy, and,it's helped me not be as bad.

Okay. Well, I would I would, I would welcome
anything you're willing to sendme so that we can, so that I can
listen to that and obviouslywanna better my game. So that
would that would be great.

Alright. Well well, you know what? I gotta cut
this off, because you guys alltalk about pickleball all day.
And I'm and I'm the and I'm notonly the dumbest guy in the room
on this conversation regardingestate planning, but I'm also
the worst pickleball player outof this this trifecta. But,
yeah, Court, thanks for thanksfor meeting us up and and
talking through this, man.
We we really appreciate yourtime.

Thank you. This has been a pleasure and honor to
be always an honor to be withyou guys and share this valuable
information with your community.We're very grateful. So

Absolutely. And, yeah, we'll have you back on
sooner than you probably like,so we'll just keep pounding you
until you do it. So I'd love Weappreciate it. And for anybody
that's listening to this aswell, I think, Chris, you had
mentioned a little bit earlier,look in the show notes here.
We're gonna drop some links inWe'll put a link directly in the
legacy lock.
You can go ahead and check thatout as well. I'm really
impressed with what you guyshave, and usually, I'm a I'm a
tough customer to please. And,you know, my wife would probably

(34:51):
attest to that as well too.She's like, man, you are like
nothing ever you never give it aa five star review. It's always
like a 4.9.
You guy you guys are up there,man. So great job. And, yeah,
look in the show notes. Anybodythat's listening or watching
this, check that out. Check outthose guys at Legacy Lock.
Court will see you soon. And foranybody that's watching or
listening to this, here's achallenge for you. If you

(35:13):
haven't planned yet for what wetalked about, even if you don't
go in and do it right now, justthink about how bad it's gonna
be down the road for otherpeople in your life if you don't
do that. So that's kind of alittle challenge there. I heard
somebody say that maybe twoweeks ago, not related to this,
but I'm like, wow.
That kinda hit me. Hit me in thehead. It's not the plan to fail,

(35:34):
fail the plan kinda deal, butpretty close to it. So kinda
take that to heart, and we'llsee everybody back here next
week on the podcast. Differenttopic, different day, roughly
the same time.
Have a great week, everybody.

Disclaimer (35:47):
The content provided is for educational purposes
only. We encourage you to seekpersonalized investment advice
from your financialprofessional. For all tax and
legal advice, please consultyour CPA or attorney. Investment
advisory services are offeredthrough Cabin Advisors, a
registered investment advisor.
Securities are offered throughCabin Securities, a registered
broker dealer. The content ofthis podcast does not constitute

(36:07):
an offer of securities.Offerings can only be made
through an offering memorandum,and you should carefully examine
the risk factors and otherinformation contained in the
memorandum.

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Ep. 129 | Estate Planning 101

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.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}Ep. 129 | Estate Planning 101