Month: October 2019

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Dead Celebrity Ep 10 – Robin Williams Planned It Right — With Guest Avi Kestenbaum

Dead Celebrity Ep 10 – Robin Williams Planned It Right — With Guest Avi Kestenbaum

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Sponsored by: Nationwide Advisory

You can have everything planned out, accounted for, and your family members will still find something to fight over once you are gone. 

In this episode of Dead Celebrity, by Informa WealthManagement.com, David Lenok and Avi Kestenbaum discuss the estate plan of beloved comedian and Oscar-winning actor Robin Williams. As you’ll soon find out, even the best of estate plans and legal advice can be a recipe for disaster when you have children from different marriages and a surviving spouse.

In this episode, you will learn:

  • The role of trusts 
  • The importance of preparing the proper documents
  • Why it’s crucial to update your information as your life changes 
  • How some people can be worth more once they are deceased
  • Whether David and Avi would consider Robin Williams’ estate plan to have been successful
  • And more!

Tune in and find out what went down in Robin Williams’ estate in this episode of Dead Celebrity!

Resources: WealthManagement.com | Meltzer, Lippe, Goldstein & Breitstone, LLP

Sponsored by: Nationwide Advisory

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Dead Celebrity Ep 9 – Marlon Brando: Loss of Capacity

Dead Celebrity Ep 9 – Marlon Brando: Loss of Capacity

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The loss of capacity is a very real threat to all clients, particularly those who are getting older. If your client were to show signs of cognitive impairment, would you know how to proceed with their estate planning?

In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Letha McDowell, a shareholder of Hook Law Center. Together, they explore the controversial estate plan, a product of highly questionable decisions, of legendary actor and Hollywood icon Marlon Brando. This is a conversation that uncovers the benefits of completing a power of attorney,  signs of diminishing capacity to watch for, and the importance of knowing your clients. 

In this episode, you will learn:

  • Signs an advisor can look for to determine whether their clients are experiencing some loss of capacity
  • How to broach the subject with a client who you think is in the early stages of cognitive impairment
  • The importance of continuing to serve the client with the respect they deserve
  • Why a power of attorney can be useful for people of all ages and capacities 
  • And more!

Tune in now and learn how to serve your clients with the highest level of expertise and dignity throughout the estate planning process. 

Resources:  WealthManagement.com | Hook Law Center | Reporting Elder Abuse USA| Reporting Elder Abuse Canada

 
Dead Celebrity Ep 8 – Anthony Bourdain, Aretha Franklin and the Basics of Trusts

Dead Celebrity Ep 8 – Anthony Bourdain, Aretha Franklin and the Basics of Trusts

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Sponsored By: FS Investments

When celebrities with trusts pass away, we may never learn the full details of their estates. And that’s largely the point. But the benefits of using a trust don’t stop at privacy.

In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Geoff Madsen, CEO and chairman of Independent Trust Company. They discuss the benefits of using trusts in your estate planning package, weaving in the examples of Anthony Bourdain, Aretha Franklin and others to illustrate their points.

In this episode, you will learn:

  • What a trust is and how you can benefit from one
  • How probates affect families and estates
  • The importance of choosing the right trustee
  • How a financial advisor should look at trusts
  • And more!

Tune in now to learn about the basics of incorporating a trust into your estate plan.

Resources: WealthManagement.com | Independent Trust Company