#62: Estate Planning experts Patrick Hicks from Trust & Will and Mani Mahadevan from Valur join me to discuss all the fundamentals of estate planning and what you need to do to protect yourself and your family. We also dig deeper into advanced tactics commonly used by high net worth families to mitigate taxes, grow their savings and preserve their wealth for the future.
Patrick Hicks, J.D. LL.M. is Head of Legal with Trust & Will, serving as their General Counsel overseeing all attorney-related operations, including regulatory efforts and legal affairs.
Mani Mahadevan is the Founder and CEO of Valur a company created to help entrepreneurs and investors keep more of their hard-earned gains.
Full show notes at: https://allthehacks.com/estate-planning-patrick-hicks-mani-mahadevan
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Resources Mentioned
Connect with Patrick: Twitter | Instagram | LinkedIn | Website
Connect with Mani: Twitter | LinkedIn | Website
All the Hacks Newsletter: Protecting Your Family with Estate Planning (what you need to know and do)
Trust & Will: Get 15% off any estate plan at Trust & Will
Valur: Get 3 months of trust administration free when you mention All the Hacks during signup
Valur Blog Posts
Full Show Notes
(1:34) Will Essentials and Relevance
(04:37) Unplanned Demise: Consequences of No Will
(09:00) Debts and Liabilities: Posthumous Impact
(10:53) Will vs. Estate Plan: Core Distinction
(12:07) Health Documents and Their Crucial Role
(16:42) Revocable Living Trust: Benefits and Comparison
(19:59) Navigating Probate: Process and Expenses
(25:16) Templates vs. Attorneys: Choosing Assistance
(29:10) Trust Advantages: Beyond the Basics
(30:48) Trustee Responsibilities: Admin and Finance
(37:04) Conversations with Estate Managers
(38:58) Plan Updates: Staying Current
(40:09) Secure Document Storage: A Must
(41:30) Safeguarding Your Legacy: Patrick's Insights
(44:29) Trust & Will Exclusive Deal for All the Hacks
(46:20) Tax and Estate Planning Overview
(49:43) Charitable Remainder Trusts: Purpose and Tax Benefits
(54:48) Investment Restrictions in Charitable Trusts
(58:02) Estate Tax Minimization: Grantor Retained Annuity Trusts
(1:04:26) Tax Strategy: Navigating High-Income Years
(1:11:30) ILITs: Tax Opportunities and Beyond
(1:13:41) Chris' Life Insurance Wisdom
(1:16:17) Estate Planning Tactics: Three Key Approaches
(1:19:25) Stretch IRAs, Secure Act, and Tech Innovations
(1:25:01) Valur's Accessible Estate Planning Endeavors
Connect with All the Hacks
All the Hacks: Newsletter | Website | Membership | Email
Chris Hutchins: Twitter | Instagram | Website | LinkedIn
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