Rewriting the Rules: Using Systems to Optimize Estate Planning and Wealth Management

Rewriting the Rules: Using Systems to Optimize Estate Planning and Wealth Management

History is full of famous innovators who have influenced how we understand and interact with our world. Robert Armstrong isn't as famous as Leonardo DaVinci or Steve Jobs, but he is well known and well regarded as one of the architects behind the practice management systems in use throughout the legal profession. Jeffrey Bellomo learned about these systems and adopted them at Bellomo & Associates after reading THE E-MYTH ATTORNEY and THE ENTERPRISE LAW FIRM MODEL, two books co-authored by Mr. Armstrong. Robert Armstrong also co-founded the American Academy of Estate Planning Attorneys (AAEPA), a prominent national membership organization that provides continuing legal education, marketing, and practice management tools to estate and tax planning attorneys. Mr. Armstrong now leads American Academy Wealth, also. Please join Jeff for his discussion with Robert Armstrong, a true pioneer with decades of experience revolutionizing how families protect their wealth. RESOURCES American Academy of Estate Planning Attorneys: AAEPA.com THE E-MYTH ATTORNEY by M. Gerber, R. Armstrong & S.M. Fisch THE ENTERPRISE LAW FIRM MODEL by R. Armstrong, S.M. Fisch & M.S. Eghrari WHAT YOU NEED TO KNOW (00:00) Episode introduction: Robert Armstrong (02:35) The American Academy of Estate Planning Attorneys (AAEPA) (04:14) Creating an enterprise model law firm and wealth management (06:14) The five-meeting system for clients (08:58) The Enterprise Law Firm Model and The E-Myth Attorney (10:07) Practice management, systems, and running a law firm (13:07) Membership programs and professional boot camps (14:12) The truth about Tennessee and San Diego (17:03) Paradigms and the 11 essential systems (20:17) Dimensional Fund Advisors and funding trusts (23:05) Membership in the AAEPA and American Academy Wealth ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.

Divorced? Remarried? Blended? Know the Legal Landmines Inside Modern Marriages

Today's marriages and the relationships that comprise them can be quite complex. Traditional marriage, remarriage, blended families, parenting marriage, living apart marriage, companionship marriage... the types of marriages and families seem almost endless. The only thing more complex than the unions themselves is the laws surrounding the financial resources of the various parties. Add divorce or death to the mix, and the complexities multiply. So, how are financial resources affected when relationships change? It's no surprise that ownership of wealth is often disputed. To bring more awareness to the law and wealth dispute resolution, Jeffrey Bellomo talks with Kelly Lise Murray, JD, a lawyer, legal scholar, and retired Vanderbilt Law School faculty member. Professor Murray explains the legal landmines that can be hiding inside today's modern marriages. The landmines are being tripped every day, and most people never see them coming. Learn more: Prof. Murray's expanded platform: https://enforcethedivorce.com/ [https://enforcethedivorce.com/] CLE courses for attorneys: https://vettingthehouse.com/ [https://vettingthehouse.com/] Training for Professionals: https://www.divorcethishouse.com/ [https://www.divorcethishouse.com/] WHAT YOU NEED TO KNOW (00:00) Episode introduction: Kelly Lise Murray, JD (02:14) The law, legal scholarship, and wealth dispute resolution (03:22) Professor Murray's education and career trajectory (04:52) Taking care of family and teaching at Vanderbilt (06:21) The law and divorce, blended families, and 2+ marriages (08:37) Teaching lawyers, financial, and real estate professionals (11:05) Wealth dispute resolution and marriage-related events (13:13) Protecting financial resources amid changes in marital status (15:57) The importance of updating estate plans (18:08) Community outreach and continuing education for lawyers (21:34) How to learn more and contact Professor Murray ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/ [about:blank]) to learn more. LINKS AND RESOURCES Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ [https://bellomoassociates.com/workshops/] * Life Care Planning * The Three Secrets of Estate Planning * Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ [https://www.newstalkwsba.com/] X (formerlyTwitter):https://twitter.com/bellomoassoc [https://twitter.com/bellomoassoc] YouTube: https://www.youtube.com/user/BellomoAssociates [https://www.youtube.com/user/BellomoAssociates] Facebook:https://www.facebook.com/bellomoassociates [https://www.facebook.com/bellomoassociates] Instagram:https://www.instagram.com/bellomoassociates/ [https://www.instagram.com/bellomoassociates/] LinkedIn:https://www.linkedin.com/in/bellomoandassociates [https://www.linkedin.com/in/bellomoandassociates] WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ [https://bellomoassociates.com/contact/] Practice areas:https://bellomoassociates.com/practice-areas/ [https://bellomoassociates.com/practice-areas/]

House Calls and Hard Truths: Providing In-Home Medical Care for Seniors

An older adult should not have to waste precious time finding someone to drive them to a medical appointment and then spend more time sitting in a waiting room. But what is the alternative? Jeffrey Bellomo explores in-home, relationship-driven medical care for seniors with Kristen Nebel, DO, of PEACE OF MIND Aging & Wellness Specialists. Dr. Nebel is double board-certified in Family Medicine and Geriatrics with a special interest in all types of dementia, caregiver support, education, and advocacy. She offers a "direct primary care" subscription model that bypasses insurance and provides unhurried, personalized medical care directly to her senior patients, whether they reside in their own home or a care facility. In addition to the complexities of senior care, Jeff and Dr. Nebel discuss the emotional weight of guardianship hearings and how aging parents can become the target of financial exploitation by family members. Dr. Nebel provides in-home primary care, end-of-life care, geriatric consultations, medical-legal case reviews, cognitive testing, and capacity evaluations. Learn more about PEACE OF MIND Aging & Wellness Specialists Website: peaceofmindaging.com [https://peaceofmindaging.com/] Call: (717) 723-8531 Email: Info@peaceofmindaging.com [Info@peaceofmindaging.com] WHAT YOU NEED TO KNOW (00:00) Episode introduction: Dr. Kristen Nebel (01:39) Dr. Nebel's history offering in-home medical care for seniors (04:40) How COVID exposed a crisis in senior medical care (06:05) Who requests capacity evaluations and what can they reveal? (10:00) Traveling to serve seniors in Lancaster County and surrounding areas (12:49) The tough reality of guardianship hearings and financial exploitation of seniors (17:16) What losing legal capacity can mean for a senior and the family (22:08) Word-of-mouth and how to contact Dr. Nebel ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/ [about:blank]) to learn more. LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ [https://bellomoassociates.com/workshops/] * Life Care Planning * The Three Secrets of Estate Planning * Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ [https://www.newstalkwsba.com/] X (formerlyTwitter):https://twitter.com/bellomoassoc [https://twitter.com/bellomoassoc] YouTube: https://www.youtube.com/user/BellomoAssociates [https://www.youtube.com/user/BellomoAssociates] Facebook:https://www.facebook.com/bellomoassociates [https://www.facebook.com/bellomoassociates] Instagram:https://www.instagram.com/bellomoassociates/ [https://www.instagram.com/bellomoassociates/] LinkedIn:https://www.linkedin.com/in/bellomoandassociates [https://www.linkedin.com/in/bellomoandassociates] WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ [https://bellomoassociates.com/contact/] Practice areas:https://bellomoassociates.com/practice-areas/ [https://bellomoassociates.com/practice-areas/]

Costly Mistakes: How a Simple Will Can Fail Your Family

The idea of a "simple Will" sounds great. It seems inexpensive and easy, until real life exposes the limits of a Will. So, drawing on his vast experience, Jeffrey Bellomo explains why relying on a simple Will can leave a family vulnerable to taxes, probate costs, creditor claims, and unintended outcomes. Effective estate planning is more than just a Will or a couple of quick documents pulled off the Internet. It's about coordination, protection, and most of all, long-term strategy. Trusts are a smart, flexible alternative that offer control of assets during life, protection after death, and safeguards for your family. Check out Jeff's book, A Fork in the Road: Modern Estate Planning Takes the Other Fork, [https://bellomoassociates.com/a-fork-in-the-road-book/] and attend our free workshops [https://bellomoassociates.com/workshops/] (including "The Three Secrets to Protecting Your Legacy" workshop) to learn more about safeguarding your family's future. WHAT YOU NEED TO KNOW (00:00) Introduction: Why a Simple Will is Not Enough (01:19) Key term and function: Last Will and Testament (03:30) Key term and function: Probate (04:32) Key term and function: Executor/Executrix (06:03) Probate administration can be costly (07:23) Avoiding probate does not avoid inheritance tax (11:16) The truth about Wills and asset protection (12:25) Key term and function: Trust (13:34) A trust can avoid probate and protect assets before and after death (14:44) Trusts offer more control and protection than a Will (16:26) Wills can jeopardize public benefits of disabled/incapacitated beneficiaries (18:09) Key term and function: Power of Attorney (20:07) A simple Will simply cannot protect assets, especially complex assets (21:37) A Will is better than nothing, but not much better ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/ [about:blank]) to learn more. LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ [https://bellomoassociates.com/workshops/] * Life Care Planning * The Three Secrets of Estate Planning * Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ [https://www.newstalkwsba.com/] X (formerlyTwitter):https://twitter.com/bellomoassoc [https://twitter.com/bellomoassoc] YouTube: https://www.youtube.com/user/BellomoAssociates [https://www.youtube.com/user/BellomoAssociates] Facebook:https://www.facebook.com/bellomoassociates [https://www.facebook.com/bellomoassociates] Instagram:https://www.instagram.com/bellomoassociates/ [https://www.instagram.com/bellomoassociates/] LinkedIn:https://www.linkedin.com/in/bellomoandassociates [https://www.linkedin.com/in/bellomoandassociates] WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ [https://bellomoassociates.com/contact/] Practice areas:https://bellomoassociates.com/practice-areas/ [https://bellomoassociates.com/practice-areas/]

Beyond Bills and Budgets: Reduce Stress with a Trusted Daily Money Manager

Many of us know firsthand that the responsibility and effort needed to manage our money can be overwhelming. Oftentimes, the struggle arises with aging or after the loss of a spouse. Busy professionals and families also can have trouble keeping track of financial obligations. And, in today's economy, many young people need help creating budgets and tracking scarce financial resources. As a result, a valuable service industry has emerged to provide the knowledge, trust, and time needed to pay bills, organize documents, and engage other financial and legal professionals. So, Jeff Bellomo introduces us to Lindsay Mills, founder of Cardinal Haven, LLC, who discusses the services she provides as a Daily Money Manager. Lindsay shares how her 20+ years in professional finance and a personal loss prompted her to start a reliable and trustworthy financial services business. From the beginning, her goal has been to alleviate the stress of personal financial management amid aging, loss, transition, or time constraints. Lindsay handles the details so that her clients can stay focused on living their lives. Cardinal Haven is insured and bonded and a member of the American Association of Daily Money Managers and the Pennsylvania Association of Notaries. To learn more, call Lindsay at (717) 584-1978, email lindsay@cardinalhavenllc.com [about:blank], or visit www.cardinalhavenllc.com [https://www.cardinalhavenllc.com] WHAT YOU NEED TO KNOW (00:00) Introduction: Lindsay Mills of Cardinal Haven, LLC (02:27) Lindsay's background and company (05:30) Daily money manager vs. financial advisor (08:15) The meaning behind Cardinal Haven (10:05) Referrals and word-of-mouth (11:15) Onboarding and free consultations (13:15) Flexibility in services and service area depending on needs (15:05) All age ranges can benefit from a daily money manager (16:37) Reducing stress, listening to clients, and building relationships ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/ [about:blank]) to learn more.