Month: September 2020
Ep 34 – Luke Perry: Replenishing the Earth in a Mushroom Suit

Ep 34 – Luke Perry: Replenishing the Earth in a Mushroom Suit

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In this episode, David Lenok, senior editor at WealthManagement.com, is joined again by Megan Gorman, founder of Chequers Financial Management, to discuss the perfection that was Luke Perry’s estate and funeral plan.  

American actor and teen idol, Luke Perry, was best known as “bad boy” Dylan Mckay on the TV series Beverly Hills, 90210. When you hear about Luke’s funeral instructions –– including his desire to be buried in a biodegradable mushroom suit –– it will become clear that he was a deep thinker who advisors can learn from when helping clients plan their funeral. 

In this episode, you will learn:

  • Why Luke Perry is an estate planning role model 
  • Why green funerals are a growing industry
  • Cost-effective and personal ways to plan a funeral
  • How to plan for and fund the expense of a funeral, as to not burden those left behind
  • Why advisors conversations with clients about funeral arrangements must go beyond discussing burial versus cremation
  • And more!

Learn how to help your clients plan for the end of their story!

Resources:  WealthManagement.com | Chequers Financial Management
Ep 33 – Sammy Davis Jr: An Insolvent Estate Is Not How You Want To Be Remembered

Ep 33 – Sammy Davis Jr: An Insolvent Estate Is Not How You Want To Be Remembered

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When you realize your client is living beyond their means and creating nothing but headaches for the executor of their estate, how can you help?

In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Mark Brandenburg, an attorney who focuses on estate planning, estate administration, and probate law.  

The celebrity example of today’s episode is Sammy Davis Jr., who was arguably the most famous Black entertainer of the 20th century. Together, David and Mark discuss Sammy Davis Jr.’s estate to cast light on the issues that can arise from an insolvent estate.

In this episode, you will learn:

  • What is meant by “insolvent estate”
  • What happens when someone who dies owes money: How do people get paid and who gets their money first?
  • Whether payments to creditors can be negotiated
  • Whether executors can be held financially responsible
  • And more!

Tune in now to get ahead of an insolvent estate and the trouble it causes once a client is deceased.

Resources:  WealthManagement.com | Mark Brandenburg