Real Money Talks Trust Planning & The High Cost of Skipping It
In today’s episode of Real Money Talks, Loral answers two powerful questions from listeners about wills, trusts, business structures, and how to organize multiple income streams.
She explains why trust planning, not a will, is the foundation of a strong legacy and why trust planning keeps your family out of probate court, reduces taxes, and removes the possibility of your wishes being contested.
Whether you're growing a business, expanding revenue streams, or securing your family’s future, this is your guide to trust planning that actually protects your wealth.
Loral's Takeaways:
- Understanding the Difference Between Trusts and Wills (00:00)
- Tax Implications and Estate Planning Strategies (03:40)
- Expanding Business Revenue Streams (03:58)
- Tax and Legal Considerations for Business Structures (07:28)
- Coordinating with Financial Advisors and Legal Experts (10:05)
- Final Thoughts and Next Steps (10:28)
Meet Loral Langemeier:
Loral Langemeier is a money expert, sought-after speaker, entrepreneurial thought leader, and best-selling author of five books.
Her goal: to change the conversations people have about money worldwide and empower people to become millionaires.
The CEO and Founder of Live Out Loud, Inc. – a multinational organization — Loral relentlessly and candidly shares her best advice without hesitation or apology. What sets her apart from other wealth experts is her innate ability to recognize and acknowledge the skills & talents of people, inspiring them to generate wealth.
She has created, nurtured, and perfected a 3-5 year strategy to make millions for the “Average Jill and Joe.” To date, she and her team have served thousands of individuals worldwide and created hundreds of millionaires through wealth-building education keynotes, workshops, products, events, programs, and coaching services.
Loral is truly dedicated to helping men and women, from all walks of life, to become millionaires AND be able to enjoy time with their families.
She is living proof that anyone can have the life of their dreams through hard work, persistence, and getting things done in the face of opposition. As a single mother of two children, she is redefining the possibility for women to have it all and raise their children in an entrepreneurial and financially literate environment.
Links and Resources:
Ask Loral App: https://apple.co/3eIgGcX
Loral on Facebook: https://www.facebook.com/askloral/
Loral on YouTube: https://www.youtube.com/user/lorallive/videos
Loral on LinkedIn: https://www.linkedin.com/in/lorallangemeier/
Money Rules: https://integratedwealthsystems.com/money-rules/
Millionaire Maker Store: https://millionairemakerstore.com/
Real Money Talks Podcast: https://integratedwealthsystems.com/podcast/
Integrated Wealth Systems: https://integratedwealthsystems.com/
Affiliate Sign-Up: https://integratedwealthsystems.com/affiliates
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