Live Life and Plan for a Better Tomorrow
by Henry King Chae of Chae Law PLLC
This is a show about all things concerning Estate Planning. Topics range from information about Last Will and Testaments, revocable Living trusts to advance healthcare directives. We will also touch on related financial and family issues
Episodes
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Episode 59 Can a Spouse Inherit after a Legal Separation.
Anthony Bourdain, the famous foodie traveler, past away last year. When he died, he was legally separated from his wife but not legally divorced. The question arises as to whether the wife can still inherit from his estate. Stay tuned for the answer.
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Episode 58 Unmarried Couples and Non Traditional Relationships
This is directed at those who have chosen not to marry or are in states where particular unions are not recognized ie gay marriage.
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Episode 57 What is Your Most Important Asset?
There’s much ado about our valuable possessions and investments and assets. The answer may surprise as it has nothing to do with your house, retirement plan or other assets per Se.
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Episode 56 - What is your most important asset? It’s not what you think
This podcast/video is about the importance of having disability insurance and why you absolutely need it.
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Happy Thanksgiving and F*ck Black Friday
This holiday season let us emphasize the value of our family and friendships over material possessions.
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Episode 54 Worst Case Scenario #2
Jack and Jill have a son named Joe. They decide to put Joe's name on assets under a joint ownership so as to avoid probate and estate planning. What can possibly go wrong?
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Episode 53 - Parents (Sometimes) Just Don’t Understand
This is a video about parenting yes. And I give one common sense advice that every parent is going to say yeah duh, but do we practice it? The advice is listen, observe and nurture your child's passion. In doing so, please avoid the 5 parenting styles I describe in this video. My two cents. Take…
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Episode 52 Worst Case Scenario 1
This is a short quick hit video about a possible worst case scenario. Jill, a widower has 2 children and remarries Jack who is also a widower with 2 children. They draft up mirror image wills. What can possibly go wrong?
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Episode 51 Irrevocable Life Insurance Trust
ILIT is a very important tool you can use if you want to get significant estate tax benefits.
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Episode 50 - Medicaid Planning.
Another predator in the estate planning context is the Nursing Home. Long term care in the US is expensive and can drain your accounts. Consider Medicaid planning as part of your overall estate planning.
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Episode 49 For Snoopy - Pet Trust
For your beloved pets, you can take care of them through a Pet Trust.
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Episode 48 Plane Crash - Both Parents Dead
What happens to the child if both parents were to die together at the same time? Have you chosen a guardian?
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Episode 47 - Financial Mindset, Compound interest, and Goal setting
This is an episode about having the right financial mindset, capitalizing on the power of compound interest and tips on goal setting.
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Episode 46 To Joint or Not Joint
We explore joint ownership of property and assets and how it bypasses the will. This may not be ideal in all situations. Tread carefully for your own situation.
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Episode 45 Advance Healthcare Directive
This is an important document to have in your estate plan to lay down clear instructions as to what should happen should you become incapacitated or in a coma.
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Episode 44 - Best Part of Being Human is that we will Die
The irony here is that death gives our lives actual meaning and purpose. I explore this idea with the idea that experiences Trump material wealth in helping us pursue what is important to us ultimately - our family and friends.
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Episode 43 - Young people and 3 Financial Pillars
Young people may believe because they don’t have much in material wealth that there is no reason to plan. But good estate planning involves good financial planning today.
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Episode 41 - How do I know if I need a trust?
A common question I get is should I get a Will or Trust. Here are some questions and guidelines you can use to help you decide which instrument is best for you.
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Episode 40 - what is per stirpes
Per Stirpes is a Latin legal term meaning by the branch or root. An estate of a decedent is distributed per stirpes if each branch of the family is to receive an equal share of the estate. While this may seem clear cut, things get a little complicated when children predecease you and then there…
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Episode 39 Property you should not include in your will
While I have previously said you should put all your property in your will there are some assets and property that you should not include in your will.
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Episode 38 - Lose Lose Lose and You will Always Be a Winner
Think of losing in the sense of trying new things, where you are not afraid to pursue something new. Losing is more of an area of opportunity and if you discover you are really no good at something, at least you can move on without regrets.
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Episode 37 Description of Property
It is important to put everything you own in the will including the provisions on how they should be distributed and to whom. It goes without saying that you should be descriptive and specific regarding your property.
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Episode 36 Fundamentals of Drafting a Will - Description of Recipients.
Words matter. Using the right words and offering definitions on the Will are important to accomplish your goals. This podcast is about describing the recipients and understanding the terms heirs, issues, descendants and beneficiaries.
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Episode 35 - Deadly Isms and choosing right to write your own Will
I watched a show called Deadly Isms wherein the show talked about Fascism (often associated with the right) and Socialism (associated with Left) were one and the same in terms of result: centralized government and state over individual and mass murders. Fortunately we live in a free society and...
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Episode 34 - Economic Security and Meaningful Relationships.
Professional success and money are just the means. The end is Economic Security and Meaningful Relationships. Invest in experiences with friends and family and not in things. Drive a Hyundai but take your wife to Paris.
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Episode 29 - Decluttering Your Financial Records
This is a repost since the first one had audio problems. It’s a good idea to implement a system of organizing your financial docs and knowing how long to hold onto those docs and knowing when to shred those documents.
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Episode 33 - Your Loved Ones Can Be Predators
You may want to sleep with one eye open. Just kidding. One of the most unsuspecting person we would consider a predator are the ones closest to us; spouse, kids, siblings
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Episode 32 Your Most Important Documents.
Here we touch on your most important documents like your SSN card, passport, birth certificates. I forgot to mention estate planning docs. Keep these important docs in a safe yet accessible place.
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Episode 31 - Stop Keeping up with the Kardashians
Stop using unearned money or money you don’t have to buy things you don’t need to impress people you don’t like.
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Episode 30 the creditor is the predator
Strive to live debt free. Creditors are the worst predators in terms of trying to separate you from your assets or bleeding you dry financially.
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Episode 29 Decluttering your Financial Documents.
It is a good idea to have a system for your personal finances and having a guideline as to when to destroy and shred documents. Maintaining your financial health is vital to estate planning.
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Episode 28 - what does finding my trust mean?
A Living Trust is a powerful estate planning document and it is crucial to fund the trust. If you don’t fund the trust, you defeat the whole purpose of the trust.
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Episode 27 Don’t Be Like Nipsey Hussle
Talented rapper, entrepreneur, community activist left this world too soon when he was gunned down at his clothing store. He is survived by his children Emani and Kross. He died without a will.
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Episode 1 - Do I need a will?
People are squeamish about death and end of life and many people would rather not deal with it until it’s too late. Having a will as a basic foundation of your estate plan is critical. In this podcast, I also talk about what happens and who is in control if you die without a will. Life life, plan...
About this show
This is a show about all things concerning Estate Planning. Topics range from information about Last Will and Testaments, revocable Living trusts to advance healthcare directives. We will also touch on related financial and family issues
Hosted by
Henry King Chae of Chae Law PLLC