David T. Phillips introduces the answer to today’s Long Term Care Crisis – Leveraged Care Solutions. The old styled Long Term Care insurance has given way to the more popular and client friendly Leveraged Care Solutions, also referred to as Asset Based Care planning. By shifting assets from one pocket to another, you can create a tax-free cash indemnity long term care benefit that is immediately valued three times your overall deposit. Depending on the plan you choose, your Leveraged Care benefit can increase with interest appreciation or an inflation rider.

David explains the difference between the three new LCS options: Life Legacy/LTC Strategy, Return of Premium LTC (ROP LTC), and the LTC Annuity. In each case if you never use the LTC benefit, your deposit, life insurance benefit or deposit plus interest is returned to your beneficiaries. David also provides a handy Leveraged Care Solution Summary comparison chart.

Chapters:
00:45 – The number one Longevity Risk – Experiencing a Long-Term Care medical event.
03:00 – Asset Based Care planning also known as Leveraged Care Solutions (LCS).
03:45 – LCS provides tax-free cash to pay for a long-term care event, if the benefit is never trigger, your deposit is returned to your beneficiaries.
04:30 – LCS financial pie chart. Simply a repositioning of an asset from your left pocket to your right, generating $3 of benefit for every $1 that is transferred. Thus the concept of leverage.
05:40 – Life Legacy/LTC Strategy
08:00 – Return of Premium Long Term Care Strategy – ROP LTC
09:00 – Cash Indemnity benefit
10:00 – Which LCS is best for you Summary Chart – November 2023 Generational Wealth Strategies newsletter.
11:15 – Long Term Care Annuity
13:30 – Request a personalized example of how Leveraged Care Solutions can help you and your family.
15:00 – 46% of Americans over age 50 erroneously believe that Medicare covers Long Term Care – IT DOESN’T.
16:30 – Next episode – how to combat estate reduction due to poor investment choices.

Learn more:

• Estate Planning Made Easy website:
• shop.empez.com, use discount code EPMEZ to receive a 50% discount
• Leveraged Care Solutions: Answers to Today’s Long Term Care Crisis
• The 10 Most Common Estate Planning Mistakes, 4th Edition, by David T. Phillips:
• Generational Wealth Strategies newsletter
• ROPLTC.com website for information specific to Return of Premium LTC (ROP LTC).
• After LCS Financial Snapshot chart
• Leveraged Care Solution options table

Contact:

• Estate Planning Specialists at 888-892-1102
• The Durfee Law Group at 480 324-8000

See omnystudio.com/listener for privacy information.

In this week’s episode I will explain what is Longevity Risk. I will also reveal what is the number one Longevity Risk – experiencing a Long-Term medical event. Statistics show that 72% of all adults over the age of 65 in the United States today will suffer through a Long-Term Care experience. Are you prepared? By losing the value of your estate to pay for a long-term care event, you obviously are going to reduce the overall size of your estate and therefore your children’s inheritance. You most likely will require of them. The level of “life-changing” assistance you will need will be dependent on how prepared you are. In next week’s episode I will explain in detail the answer to the LTC Crisis – Leveraged Care Solutions.

Chapters
02:00 – Estate Planning is imperative.
02:30 – What is Longevity Risk?
03:00 – Identifying the top Longevity Risks.
04:00 – Number one Longevity Risk – Having a Long-Term Care experience.
05:30 – “David Downer,” 60% of men and 80% of women over age 65 will have a Long-Term Care event.
06:45 – The push for multi-generational homes so that our children will take care of us, to preserve our estate.
08:00 – Selfish to force our children to take of us. Totally changes the lifestyle of our children.
9:00 – COVID 40% of all deaths occurred in a care facility – Alone.
10:00 – Leveraged Care Solutions – Special Report.
12:00 – The folly of the Washington Cares Act of 2022.
14:40 – Leveraged Care Solutions – reposition a small portion of your estate to create a leveraged benefit that will take provide the Tax-Free cash to take care of a Long-Term Care event.

Learn more:

• Estate Planning Made Easy website: shop.empez.com, use discount code EPMEZ to receive a 50% discount.
• Leveraged Care Solutions: Answers to Today’s Long Term Care Crisis, at shop.epmez.com
• The 10 Most Common Estate Planning Mistakes, 4th Edition, by David T. Phillips
• Generational Wealth Strategies newsletter
• After LCS Financial Snapshot chart
• Leveraged Care Solution options table

Contact:

• Estate Planning Specialists at 888-892-1102
• The Durfee Law Group at 480 324-8000

See omnystudio.com/listener for privacy information.

By law every American can gift $18k annually, to anyone they want, completely gift, estate and income tax free. Many are reluctant to use their gifting allowance for several reasons:

* Because the gift is irrevocable, they incorrectly believe that the asset is unavailable to them during the balance of their life.
* They erroneously believe that if they give the gift today, they could run out of money.
* They mistakenly believe that the gift must be given to the beneficiaries in spendable cash now and therefore will lessen their incentive to work.
* They don’t understand the power of The Gift Tax Leverage Strategy.

In this week’s episode I will explain how proper gifting will not only give the giver fulfillment during their life, it can produce generations of powerful, productive people. I will also show you how to leverage your annual gifts to the max.

Chapters

00:30 – Toy Story – The Woody and Andy saga
02:00 – The power of leveraged gifting
03:25 – Never run out of money and fly first class forever
04:20 – 2024 annual gift allowance = $18,000 to as many people as we want
05:45 – Gift Tax Leveraged Strategy (GTLS)
06:15 – GTLS example: Couple age 65, annual deposit of their combined annual $36k gift to one child = $3,000,000 TAX FREE estate
8:30 – Call 1-888-892-1102 to receive your personal example of The Gift Tax Leveraged Strategy
9:00 – Wealth Creation Strategy Table
11:00 – Next episode topic revealed – How to Solve The Long-Term Care Crisis

Learn more:
* Wealth Creation Strategy Table
* Estate Planning Made Easy website

* shop.empez.com, use discount code: EPMEZ to receive a 50% discount
* The 10 Most Common Estate Planning Mistakes, 4th Edition, by David T. Phillips
* Generational Wealth Strategies newsletter

Contact:
Estate Planning Specialists at 888-892-1102
The Durfee Law Group at 480 324-8000

See omnystudio.com/listener for privacy information.

Logic would tell us, if we simply plod through life, ignoring any legal opportunities to pay less income and capital gains taxes, the less we will have to spend during retirement and the less we will leave our posterity. In Episode Five of Estate Planning Made Easy, The Podcast, David reveals key investments that either postpone taxes or accumulate totally income and capital gains TAX FREE. David further explains:

* The power of using the Step-up in Basis when planning your estate.
* How The SECURE Act is the Stealth estate tax.
* Why you should convert your IRA to a Roth IRA
* Why The Family Bank Strategy, is the Holy Grail, and the premier vehicle to not only accumulate and distribute tax free wealth, but it is also the absolute best way to pass TAX FREE wealth to your posterity.

Chapters:

01:00 – First Estate Planning Mistake is to die Intestate
02:40 – Misunderstanding Portability – Mistake #3
03:00 – Avoid taxes on investments
05:00 – Step-up in basis – explanation
07:30 – Precious metals
08:00 – Deferred Annuities
09:00 – Create your own Retirement Time Machine
10:00 – Qualified accounts – Tax advantages and trade offs
11:30 – 2020 SECURE Act explained
12:15 – Break
12:30 – Roth conversion explained
13:30 – Tax bracket management game
14:30 – The Family Bank Strategy
15:30 – The Gift Tax Leverage Strategy
16:30 – Next episode introduced – The Power of gifting

Learn more:
* Estate Planning Made Easy website

* shop.empez.com
* The 10 Most Common Estate Planning Mistakes, 4th Edition, by David T. Phillips
* Generational Wealth Strategies newsletter
* The Future of Retirement Savings, by Todd Phillips
* The Bombshell Battle Plan, by David T. Phillips

Contact:
Estate Planning Specialists at 888-892-1102
The Durfee Law Group at 480 324-8000

* How to Create Your Retirement Time Machine

• To Roth 2023 Federal Income Tax Rate Married Filing Jointly graphic
  * Gift Tax Leverage Strategy: Male & Female Age 65 Good Health graphic

Receive a 50% discount on all our books and reports (not the Analysis) by using the discount code EPMEZ at https://shop.epmez.com/.

See omnystudio.com/listener for privacy information.

For centuries, an estate planning attorney was solely an attorney that represented clients before a probate judge, in an effort to maximize the desired estate transfer. They would simply help draft a will and represent that will in court to validate it. While the phone book is full of so-called estate planning attorneys, most still follow this philosophy.

A true estate planning attorney, however, is much more than a “hearse chaser.” He helps you craft a logical distribution plan that has true dynasty provisions avoiding the expenses of probate, blessing multiple generations. My firm, Estate Planning Specialists, is the quarterback of your estate plan. We make certain your plan maximizes your dreams, and takes advantage of all loopholes, strategies, and top products.

In this podcast, I explain how this can be done by ignoring Portability, and establishing an A/B Credit Shelter Trust. Using this little-known estate planning technique, you not only avoid probate, the Credit Shelter “B” Trust can grow to unimaginable sums with absolutely no future federal or state estate taxes. What’s more, this tax-free growth can last as long as there are assets in the trust.

Currently, the federal estate exclusion is the highest it has ever been, at $13.6 million. It is set to plummet to $6 million on December 31, 2025, a day known as Tax Doomsday! To discover how you can take advantage of this gigantic exclusion this year, you will want to read the latest 4th edition of my book ''The 10 Most Common Estate Planning Mistakes and How to Avoid Them,'' by going to https://shop.epmez.com/, and by subscribing to our monthly newsletter, Generational Wealth Strategies newsletter.

00:30 Welcome

01:20 What is Portability? Is it good for all estates?

02:25 What is better Portability or an A/B Credit Shelter Trust

03:00 Current 2024 federal estate credit with a A/B Credit Shelter Trust (diagram)

04:00 The 2025 Tax Doomsday (diagram)

05:30 The advantages of an A/B Credit Shelter Trust vs. Portability

08:35 Contact The Durfee Law Group – 480-324-8000

09:20 The disadvantages of Medicaid planning

11:00 EPS Proprietary Estate Planning Solutions Suite, call our offices 888-892-1102, email david@epmez.com, or download the estate profile form

12:00 The 10 Most Common Estate Planning Mistakes book, shop.epmez.com

Links:

• Estate Planning Made Easy website
• The 10 Most Common Estate Planning Mistakes, 4th Edition, by David T. Phillips
• Generational Wealth Strategies newsletter
• Proprietary Estate Planning Solutions Suite: Call our offices 888-892-1102, email david@epmez.com.
• Contact Estate Planning Specialists at (888) 892-1102 and The Durfee Law Group at (480) 324-8000.
• Receive a 50% discount on all our books and reports (not the Analysis) by using the discount code EPMEZ at https://shop.epmez.com/.

See omnystudio.com/listener for privacy information.

Since the beginning of civilization, it has been very difficult for a king to keep his castle and kingdom for any great length of time. Someone, usually an enemy, would go to great lengths, with the loss of thousands of constricted soldiers in an effort to conquer another’s castle. That is reason why walls, moats, draw bridges, parapets and 24-hour defenses were placed around most medieval castles. To protect the treasury, the family, and the kingdom. Many of those that have not, want what those that have, have, and they will go to great lengths to take what they want.

Today, governments take from the affluent in the form of taxation. We are taxed most of our lives, through income, sales, capital gains, property taxes. We also must pay a transfer tax for the privilege of passing our assets to those we leave behind, better known as estate and gift tax.

In this week’s podcast, David T. Phillips, CEO of Estate Planning Specialists will reveal the importance of exploiting the currently lofty $13.6 federal estate and gift tax exclusion, before it “sunset” or drops down to $6 million on December 31, 2025, known as Tax Doomsday! David will also explains the new rules created by The SECURE Act of 2020, also known as the “Stealth Estate Tax.” He will expose little know secrets on how to mitigate the enormous tax bite of The SECURE Act and introduce listeners to the powerful RMD Leveraged Strategy.

00:35 Everyone needs a logical distribution plan

00:50 For some reason politicians and governments constantly interfere in our estates – no voters in cemeteries

01:30 Estate or transfer tax in Europe is much higher than the U.S.

02:10 Tax the pennies on your eyes

03:50 Current federal estate exclusion in the U.S. is $13.6 million each at your passing

04:25 Tax Doomsday 2025

05:50 17 states still charge an inheritance or transfer tax

06:25 Tax Cut and Jobs Act “Sunset Provision.” Federal estate exclusion to be significantly reduced

08:05 The Stealth Estate Tax – Bombshell Battle Plan report (shop.epmez.com)

09:50 The SECURE Act 10-year rule

10:25 The Required Minimum Distribution Leveraged Strategy (RMD)

10:00 Estate taxes and even inherited IRA taxes are voluntary – but you must do prior planning

Learn more:
* Estate Planning Made Easy website: https://epmez.com/
* The 10 Most Common Estate Planning Mistakes, 4th Edition, by David T. Phillips: https://shop.epmez.com/products/the-10-most-common-estate-planning-mistakes-and-how-to-avoid-them-4th-edition
* Generational Wealth Strategies newsletter: https://www.generationalwealthnewsletter.com/offer/generational-wealth-retirement-and-estate-survive/?source=GWRES30&step=2
* Our proprietary estate planning solutions suite. Order at shop.epmez.com

Contact:
* Estate Planning Specialists at 888-892-1102
* The Durfee Law Group at 480 324-8000

Receive a 50% discount on all our books and reports (not the Analysis) by using the discount code EPMEZ at https://shop.epmez.com/.

See omnystudio.com/listener for privacy information.

In this podcast, I, David T. Phillips, CEO of Estate Planning Specialists, reveal the number one estate planning mistake. I also share the strategy you can implement to avoid that mistake. I highlight the significance of properly planning your estate to prevent negative emotions like anger, jealousy, and hate among family members at a time when we want unity, love and respect. I also mention the resources available, such as my books, reports and our monthly newsletter, Generational Wealth Strategies, which provide valuable insights on how to do it right and do it easy.

The primary goal of this podcast and the existence of my firm, Estate Planning Specialists, is to help you create a powerful, productive posterity.

Learn more:
* Estate Planning Made Easy website
* The 10 Most Common Estate Planning Mistakes, 4th Edition, by David T. Phillips
* Generational Wealth Strategies newsletter

Contact:
* Estate Planning Specialists at 888-892-1102
* The Durfee Law Group at 480 324-8000

Receive a 50% discount on all our books and reports (not the Analysis) using the discount code EPMEZ when you go to shop.epmez.com

See omnystudio.com/listener for privacy information.

In this episode, I discuss the importance of estate planning and the difference between estate planning and financial planning. I highlight the consequences of not having a plan in place and the potential challenges that can arise, especially during unexpected events like COVID-19. I also emphasize the need to regularly review and update your estate plan to ensure it aligns with your current circumstances. Watch this video to gain valuable insights and take action to protect your assets and secure your family's future.

1:00 – What is estate planning and why is it important?

2:00 – Since we can’t take it with us, we need to set up a proper distribution plan. If not we will create the worst human emotions conceivable when we pass.

4:00 – How does estate planning differ from financial planning?

6:00 – What is the most common estate planning mistake?

7:30 – Does a “do-it-yourself” plan actually work?

8:30 – Have a professional review your estate – call Estate Planning Specialists at 888-892-1102

11:00 – What is the impact of “intestacy?”

12:00 – Worst case in U.S. history – Howard Hughes, richest man in the world. Another example – The Queen of Soul.

13:30 – What is a Revocable Trust and how is it better than just a will?

14:00 – Sign up for our monthly newsletter, Generational Wealth Strategies at www.generationalwealthnewsletter.com

15:00 – Be the builders of a powerful, productive posterity!

Learn more:
* Estate Planning Made Easy website
* The 10 Most Common Estate Planning Mistakes, 4th Edition, by David T. Phillips
* Generational Wealth Strategies newsletter

Contact:
* Estate Planning Specialists at 888-892-1102
* The Durfee Law Group at 480 324-8000

Receive a 50% discount on all our books and reports (not the Analysis) using the discount code EPMEZ when you go to shop.epmez.com

See omnystudio.com/listener for privacy information.