Understanding Estate Planning: The Fundamentals with Nicole Cleland (Part 1)

In this special episode of Retirement Planning Redefined, John and Nick welcome their first-ever guest, Nicole Cleland of Legacy Protection Lawyers, to kick off a new estate planning series. Nicole shares key insights into what estate planning really involves, who needs it (hint: it's not just for the wealthy), and how proper planning can help avoid confusion and conflict later. They cover the differences between estate planning and elder law, the importance of incapacity planning, and how assets actually pass after death.

 

Learn more about Nicole and Legacy Protection Lawyers

Contact info: www.legacyprotectionlawyers.com Phone [phone]

 

Helpful Information:

PFG Website: https://www.pfgprivatewealth.com/

Contact: 813-286-7776

Email: [e-mail]

 

Disclaimer: PFG Private Wealth Management, LLC is an SEC Registered Investment Advisor. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. The topics and information discussed during this podcast are not intended to provide tax or legal advice. Investments involve risk, and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial advisor and/or tax professional before implementing any strategy discussed on this podcast. Past performance is not indicative of future performance. Insurance products and services are offered and sold through individually licensed and appointed insurance agents.

 

 

Marc:

Once again for another edition of Retirement Planning Redefined with John and Nick from PFG Private Wealth, and we've got a special show this week. We're going to be talking about understanding estate planning. We've got a little series planned around this. We've got some special guests coming up also. So really looking forward to today's conversation. John's going to be joining me along with Nicole Cleland, who is our special guest from Legacy Protection Lawyers based outside of St. Petersburg, Florida. And we're going to have a great conversation around understanding those estate planning basics and some other details and information. So it's going to be an excellent episode, so stay tuned and we'll get right into it. John, my friend, how are you this week, buddy? What's going on?

 

John:

Hey, I'm doing all right. I'm excited to have Nicole as our first guest that we've ever had on our podcast here.

 

Marc:

Yeah, our very first guest here on this, so it's excellent to have Nicole here. Nicole, welcome in. How are you?

 

Nicole:

I'm doing great. Thank you both for having me. I'm really excited to be here today.

 

Marc:

Absolutely. So we'll jump in real quick. Just tell us a little bit about you and your firm, what you guys do.

 

Nicole:

Sure. So we are a boutique trust and estates firm, meaning this is all we practice is trust and estates. We do primarily planning, and secondary administrations of estate planning documents, and we also do a little bit of litigation and a little bit of tax planning as well. So we do have a trust and a estates only litigation lawyer and a tax lawyer with us too.

 

Marc:

Okay, excellent. And Bill McQueen is going to be joining us as well on probably the next episode, so we'll get into some conversation with him. But for now, let's just kick things off and get started. Although I do have to ask, I was looking at the website and I see that you are a super lawyer. What is a super lawyer?

 

Nicole:

Yeah, it means that we get a cape every year.

 

Marc:

Nice.

 

Nicole:

No, a super lawyer designation is a designation that you receive from other lawyers in the area and about 5% of practicing attorneys get this designation. So I'm very honored to have been a rising star super lawyer for seven years now, I think.

 

Marc:

Awesome.

 

Nicole:

And yeah, it's nice to know that the professionals that I work with enjoy working with us in our firm too.

 

Marc:

Yeah, that's great. John, you need something like that? You need super advisor or something.

 

John:

I don't know if there's a super advisor, but if there is one, I'm about to see how I can get that.

 

Marc:

There you go.

 

John:

I feel like got as much work as I do, I need a cape as well.

 

Marc:

There you go. Yeah, capes are good. Well let's get into our conversation here. So I wanted to kick things off with just a rea