White Coat Investor Podcast

WCI #428: Estate Planning and Passing Wealth to Your Children

Jul 17, 2025
Guest
Paul Moore
Paul Moore, Founder of Wellings Capital and real estate investment expert, joins to discuss estate planning and wealth transfer. He advocates for giving inheritances early when children need them most. The conversation dives into the pros and cons of variable annuities and 529 plans, alongside the necessity for trusts in seamless wealth transfer. Paul also tackles the challenges of investing in multifamily properties amid rising interest rates, while exploring the potential of manufactured housing markets as a compelling investment option.
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ADVICE

Variable Annuities for Kids' Wealth

  • Funding kids' retirement early through low-fee variable annuities can build wealth over decades.
  • However, high fees and less favorable tax treatment often make taxable accounts or UTMA funds better choices.
INSIGHT

Timing of Inheritances Matters

  • Most people receive inheritances around age 60, often too late to significantly impact their lives.
  • Giving inheritances deliberately between ages 26 to 35 can provide meaningful support when it's needed most.
ADVICE

Manage Inherited Annuities Wisely

  • Inheriting annuities is usually best managed by stretching payments over allowable years to avoid a large tax hit.
  • Consider spreading payments to lower tax brackets and balance tax efficiency with convenience.
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