The Practical Planner

Estate Planning for Clients Going Through a Divorce

Lisa Weigel, Senior Counsel and Strategic Growth Director at Wealth.com [http://Wealth.com], joins Thomas Kopelman and Anne Rhodes to tackle the complexities of estate planning when clients go through a divorce. From the ethical dilemmas advisors and attorneys face when a couple splits to the real risks of irrevocable trusts like SLATs, they explore how divorce impacts every layer of a client's financial and estate plan. The conversation also covers equitable asset division, the critical importance of updating beneficiary designations, and how prenup provisions within trusts can protect beneficiaries from future divorce. Whether you're navigating a client's divorce or helping them plan proactively, this episode offers practical guidance for advisors at every stage.

Everything You Need to Know About Irrevocable Trusts

Join hosts Thomas Kopelman and Anne Rhodes as they dive into the complexities of financial planning with a fresh perspective. They tackle the often misunderstood topic of irrevocable trusts, revealing how these seemingly rigid structures can be more flexible than you think. Whether you're a seasoned advisor or just starting your financial journey, this season promises insights and strategies to empower your planning decisions. Don't miss out on the knowledge and expertise that Thomas and Anne bring to the table. Tune in and elevate your financial acumen!

The Top Reasons to Update Your Estate Plan

In this episode of the Practical Planner Podcast, Thomas Koppelman and Anne Rhodes discuss the critical aspects of estate planning, focusing on when and why individuals should update their estate plans. They explore various triggers for updates, including changes in family dynamics, the maturity of beneficiaries, and the importance of trust structures. The conversation emphasizes the need for regular reviews of estate plans to ensure they remain effective and aligned with the individual's current circumstances.

Navigating Louisiana's Estate Planning Landscape

In this episode, Anne Rhodes is joined by Addie Prewitt, and Alaina Lacter unpack the complexities of estate planning in Louisiana—from its unique legal terminology to key concepts like forced heirship, community property, and usufruct. They also address common misconceptions and explain why a comprehensive estate plan—especially including powers of attorney—is essential. Whether you're planning for your own estate or advising clients, this conversation sheds light on how Louisiana law shapes the planning process.

Creating Liquidity at Death

In this episode of the Practical Planner Podcast, host Thomas Kopelman, along with Anne Rhodes and guest Rachel Hartman, delve into the critical topic of liquidity in estate planning. They discuss the importance of liquidity for high-net-worth individuals, especially in the context of estate taxes and the implications of death. The conversation covers various strategies for creating liquidity, including the role of life insurance, tax implications after death, and the necessity of proper estate planning to avoid complications for beneficiaries. The episode emphasizes the need for advisors to guide clients in ensuring their estate plans are robust and capable of addressing liquidity needs effectively.