Estate Planning Documents

A one-day, limited access, on-demand video series.

Saturday, November 5, 2022

12:01 am until 11:59 pm - Eastern

Simple Registration

You will receive a registration confirmation email with instructions and the password within 48 hours.

 

Saturday, November 5th
12:01 am until 11:59 pm
A One Day Limited Run
Password Required
Online Registration Only

 
 

Who

Presented by Paul Grant Truesdell, J.D., AIF
Founder & CEO of Fixed Cost Financial, Inc.

Topic

Fundamental Estate Planning Documents

Details

Thirty-seven years of professional estate planning experience presented entertainingly by video, on-demand, for one day.

Many bite-size-bite videos have been created and designed for adults of all ages.

Each video runs between three to five minutes in length.

There is no cost or obligation and no free lunch.

Paul spoke on this topic at over 750 engagements before 50,000 people in the State of Florida between 1986 and 2015.

He is involved in the estate planning of many thousands of families, involving a combined net worth in the multiple billions.

Paul’s storytelling style is well known and especially appreciated by those who are clients.

 
 

Two Questions

If not now, when?

And…

Why go to a lunch or dinner and learn sales pitch, where you will be hounded to buy a high-cost commission product from a hungry salesperson?

 
 

In Person Discussions

In person discussions are held at the Truesdell Professional Building, located in the Ocala International Commerce Park.

The headquarters for The Truesdell Companies is conveniently located one mile from the Ocala International Airport and Interstate 75; a 90-minute drive from Tampa, Orlando, and Jacksonville, and 90-minute flight from Miami, Naples, and Pensacola.

 
 

The Truesdell Professional Building

 
 

General Outline

  • Property Care Documents

    • The Revocable Living Trust

    • The Pour-Over Will

    • The Financial Power of Attorney

    • Letters of Instruction

    • Irrevocable Trusts

    • Business Agreements

    • Letter of Instruction

  • Personal Care Documents

    • Living Will

    • Health Care Power

    • Pre-Need Guardian Affidavit

    • Do Not Resuscitate (DNR) Affidavit

    • Letter of Instruction

  • Probate Administration

  • Trust Administration

  • ART Considerations

  • Asset Protection Planning

  • Document Storage, Care, and Access

  • The Criminality of the Unlicensed Practice of Law

All Ages

 

67% of all adult Americans have no estate plan.

  • 40% - Have not gotten around to it

  • 33% - Not enough assets to pass on

  • 13% - It’s too costly

  • 12% - Do not where to start or go

  • 30% - Do not know if one’s parents have an estate plan

  • $59 Trillion - The amount of wealth transfer taking place between 2007 and 2061

  • 14% of Americans between the ages of 18 and 29 have a basic will

  • 35% of Americans between the ages of 30 and 49 have a basic will

  • 56% of Americans between the ages of 50 and 64 have a basic will

  • 68% of Americans 65 and older have a basic will

  • 18% of Americans over 55 have a will, advance health care directive, and durable power of attorney

  • 61% of American adults with a postgraduate degree have a will. (Gallup)

  • 50% of American adults with a college degree have a basic will

  • 47% of American adults with some college have a basic will

  • 32% of American adults with a high school education or less have a basic will

  • 55% of Americans with incomes of $75,000 or more have a basic will

  • 31% of Americans with incomes under $30,000 have a basic will

  • 39% of adult men over 55 in America believe it's the duty of parents to leave their children an inheritance

  • 30% of adult women over 55 in America believe it's the duty of parents to leave their children an inheritance

  • 65% of Americans over 55 plan to give away some of their money while they're alive

  • 35% of American adults say they have personally experienced family conflict or know someone who has experienced family conflict as a result of not having an estate plan or will in place

  • 10% - Those die without an estate plan of any type may see 10% or more of the total value of their estate going to non-family members (legal fees, accounting, probate, etc…)

  • 74% of American adults believe that estate planning is a confusing topic

  • 64% of American adults who work with financial advisors have never discussed their estate plans with their advisor

 
 
 

DIY Risks

  • The laws involving estates is ever-changing

  • A change of a word or two can have unintended consequences

  • Probate is not free

  • Will contests are far more likely when documents are fill-in-the-blank forms

  • Customization regarding one’s living will and the financial and health care power of attorney rarely takes place

  • DIY forms often fail to take full account of state specific laws

  • Complex income, inheritance, and estate tax planning is unlikely to be addressed properly

  • Dealing with a general practice attorney who dabbles in estate planning might not be a good idea

  • The DIYer will not have an independent third-party to speak on their behalf if a dispute arises

  • The DIYer often titles property inappropriately

  • The DIYer often forgets to incorporate business agreements into an estate plan

  • DIY forms are rarely highly personalized regarding the end-of-life care one wants

  • TOD and POD designations are fraught with incompetency and incapacity problems

Old School - NEw School - ONE School

  1. A free lunch seminar seminar sounds good

  2. The cost to the host is substantial

  3. Current and a steady flow of prospective customers is necessary to pay for the substantial costs

  4. Old School - Many attending the Old School Lunch & Learn (OSLL) are pressured to buy high commission-based products

    • In person sales pitch

    • In home appointments

    • The Financial Industry Regulatory Authority (FINRA), found free seminars

      are the top way in which older investors receive unsolicited

      investment offers

    • Everyone attending an OSLL should be aware that investment fraudsters often use the OSLL to scam older adults

  5. New School - Many attending New School Online Programs (NSOP) are required to pay for access and agree to the sale of their registration information to those who sell high commission products

    • DIY

    • Personal Data Sold

    • Pitching Multiple Programs, Videos, Books, Conferences

  6. ONE School -

 

* Due to our extensive holdings and our clients, you should assume that we have a position in all companies discussed and that a conflict of interest exists. By listening, reading, or using this document, video, podcast, and/or website in any manner, you understand the information presented is provided for informational purposes only and agree to our Terms of Use and Privacy Policy. Public and group informational items should never be considered professional advice. Nothing said, written, or otherwise communicated should be construed as an offer, recommendation, or solicitation to buy or sell a security. We do not provide tax, legal, or psychological advice. Nothing herein constitutes advice or is a substitute for professional medical advice, diagnosis, or treatment. Always seek the advice of your doctor or other qualified healthcare providers with any questions you may have regarding a medical condition. Never disregard professional medical advice or delay seeking it because of something you read, viewed, heard, or thought you saw or heard.