Tax Smart Real Estate Investors Podcast

345. Estate Planning for Real Estate Investors (Trusts vs. Wills) with Attorney Diana Khan

12 snips
Sep 16, 2025
In this engaging discussion, attorney Diana Khan, a Maryland-based expert in estate planning and real estate, shares vital insights for investors. She emphasizes the critical need for wills and powers of attorney, even for young adults. With her memorable "backpack" analogy, she clarifies the differences between wills and trusts. Topics like revocable vs. irrevocable trusts, the role of life insurance in estate planning, and asset protection strategies using LLCs are explored, empowering listeners to safeguard their investments for the future.
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ANECDOTE

Diana's Vertically Integrated Investor Background

  • Diana Khan vertically integrated into brokerage, title, property management, construction, and legal services.
  • She also personally owns about 100 rental units and mentors first-time investors.
INSIGHT

Estate Planning Is Wealth Control

  • Estate planning is a tool to control and protect wealth, not just plan for death.
  • Diana Khan likens assets to a backpack that needs compartments and instructions to prevent liabilities from spilling over.
ADVICE

Get A Will And Power Of Attorney At 18

  • Do get at least a will and a power of attorney once you turn 18.
  • These documents let loved ones access medical and financial information if you become incapacitated.
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