Category: Investing
Dead Celebrity Ep 7 – Adam “MCA” Yauch: How to work with strong-willed clients — With Guest Jacqueline Bevilaqua

Dead Celebrity Ep 7 – Adam “MCA” Yauch: How to work with strong-willed clients — With Guest Jacqueline Bevilaqua

By |

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | iHeartRadio | TuneIn | RSS | More

Sponsored By: FS Investments

Do you have co-owned assets, similar to how the three members of Beastie Boys co-own their music?

In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Jacqueline Bevilaqua, associate at Katsky Korins, about what was done correctly and incorrectly in the estate plan of rapper Adam Yauch ( ⅓ of Beastie Boys). As they examine Adam Yauch’s estate,  David and Jacqueline discuss how to delicately manage the challenges that often come with high-net-worth clients and what steps need to be taken before incorporating copyright into a will.

In this episode, you will learn:

  • Possible reasons why a copyright clause made it into Adam Yauch’s will, despite him being a co-owner of his artistic property 
  • How to work with strong-willed clients who insist on using their will to make a public statement
  • What to consider when incorporating copyright into a client’s will
  • What it means to help your clients “play the tape through” when they’re appointing guardianship — and why it’s important
  • And more!

Tune in now and know that you are the one who can “fight for the right” to protect your clients after death.

Resources:  WealthManagement.com | Katsky Korins | jbevilaqua@katskykorins.com

Feature Image
Dead Celebrity Ep 6 – Women and their Finances: Gloria Vanderbilt  — With Guest Michelle Smith, CDFA

Dead Celebrity Ep 6 – Women and their Finances: Gloria Vanderbilt  — With Guest Michelle Smith, CDFA

By |

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | iHeartRadio | TuneIn | RSS | More

A massive demographic shift is underway for women with money. As an advisor, are you equipped to help women take control of their finances?

 In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Michelle Smith, a Certified Divorce Financial Analyst about women and money. Together, they unpack what advisors can learn from the life of Gloria Vanderbilt, who was a fashion icon, artist, author, actress, heiress, and socialite. Listen in and learn how you can help women take the reigns of their financial lives. 

In this episode, you will learn:

  • How opening the lines of communication is key to any relationship
  • Why prenups are a springboard for money conversations
  • What women often don’t realize about prenups
  • Why at least 25% of joint accounts become open to legal observation
  • How the advisor’s value proposition must change in this new paradigm
  • And more!

Tune in now and learn how to help women take control of their finances.

Resources: WealthManagement.com | Michelle Smith  

 

Feature Image
Dead Celebrity Ep 5 – Tom Petty’s Children and a Second Marriage — With Returning Guest Megan Gorman

Dead Celebrity Ep 5 – Tom Petty’s Children and a Second Marriage — With Returning Guest Megan Gorman

By |

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | iHeartRadio | TuneIn | RSS | More

When you’re creating or updating your estate planning documents, using clear language takes on a whole new level of importance. Your carefully crafted language can ensure that your wishes leave no room for interpretation. 

 In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Megan Gorman, founding partner of Chequers Financial Management. Together, they discuss the estate of Tom Petty, one of rock and roll’s biggest icons, who died from an accidental drug overdose. Up for discussion is the dispute that broke out over Tom Petty’s estate among his widow, ex-wife, and two daughters.

In this episode, you will learn:

  • About the background on Tom Petty and his blended family
  • About the disputes that can occur when people interpret “equal” differently
  • The importance of being crystal clear in the wording of your wishes
  • Why estate attorneys need to push for absolute clarity when drafting these documents
  • Why blended families may not be as happy as they appear  
  • And more!

Tune in to learn about Tom Petty’s estate and how to help your clients ensure their wishes leave no room for disagreement once they are gone.

Resources: WealthManagement.com | Chequers Financial Management | The Wealth Intersection

Feature Image
Dead Celebrity Ep 4 – Joan Crawford’s Decision to Exclude Children From Her Estate — With Guest Dr. Stanley Teitelbaum, PsyD

Dead Celebrity Ep 4 – Joan Crawford’s Decision to Exclude Children From Her Estate — With Guest Dr. Stanley Teitelbaum, PsyD

By |

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | iHeartRadio | TuneIn | RSS | More

Too many times we allow our emotions to get the better of us, leading us to make unfair or judgmental decisions. Will you use your estate plan to punish your heirs? Or will you choose to resolve issues before it’s too late?

In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Dr. Stanley Teitelbaum, PsyD. Together, they explore the estate of Joan Crawford, one of old Hollywood’s biggest stars. Up for discussion is Joan Crawford’s decision to deliberately exclude two of her children from her estate. Dr. Teitelbaum explains how estate planners and financial advisors can support clients who are tempted to make similarly harsh decisions.

In this episode, you will learn:

  • About the background of Joan Crawford, her relationship with her children, and her estate
  • How to help clients who are overly concerned about getting their children’s approval
  • How to determine if your clients would benefit from the support of a mental health professional
  • The benefits of sorting through your familial issues  
  • Possible options and alternatives for dividing your estate
  • And more!

Tune in to learn about Joan Crawford’s estate and how to help your clients resolve their family issues before it’s too late.

Resources: WealthManagement.com | Dr. Stanley Teitelbaum, PsyD

Feature Image
Dead Celebrity Ep 3 – Will Your Pets Become Heirs? A Look at Karl Lagerfeld and His Cat — With Guest Megan Gorman

Dead Celebrity Ep 3 – Will Your Pets Become Heirs? A Look at Karl Lagerfeld and His Cat — With Guest Megan Gorman

By |

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | iHeartRadio | TuneIn | RSS | More

Have you considered what would happen to your pet if something happened to you? Do you want to ensure that your family friend is taken care of after you’re gone?  

This episode will open your mind to the options available to you and your pet.

In episode three of Dead Celebrity, by Informa WealthManagement.com, David Lenok is joined by Megan Gorman of Chequers Financial Management. They speculate on the unreleased details of world-famous fashion designer Karl Lagerfeld’s estate plan and how he may have provided for his beloved cat, Choupette. Throughout the episode, you will hear examples of how your pet can be cared for after you’re gone.

In this episode, you will learn:

  • About the background on Karl Lagerfeld and his cat
  • How to use your estate plan to provide for your pet
  • Which options are available for ensuring your pet’s care, including trusts
  • The importance of picking the right guardian for your pet
  • And more!

If your dog/cat is your best friend, your child, your furbaby then you need to listen to this podcast.

Resources: Wealthmanagement.com | Chequers Financial Management | The Wealth Intersection

 

Feature Image
Dead Celebrity Ep 2 –  Robin Williams Planned It Right — With Guest Avi Kestenbaum

Dead Celebrity Ep 2 –  Robin Williams Planned It Right — With Guest Avi Kestenbaum

By |

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | iHeartRadio | TuneIn | RSS | More

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

Feature Image
Dead Celebrity Ep 1 – The Bizarre Story of Casey Kasem — With Guest Jim Dougherty

Dead Celebrity Ep 1 – The Bizarre Story of Casey Kasem — With Guest Jim Dougherty

By |

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | iHeartRadio | TuneIn | RSS | More

Are you that person who thinks, “I don’t need to do that paperwork today. It can wait”?  Do you think it’s unnecessary to plan out your final wishes and make sure your estate plan is in order?

In this inaugural episode of Dead Celebrity, by Informa WealthManagement.com, we learn lessons from the life and death of celebrity Casey Kasem. Jim Dougherty from Withers Worldwide discusses the pitfalls of not being prepared when you either pass suddenly or become incapacitated.

In this episode, you will learn:

  • The basic background of the Kasem family
  • The importance of preparing the proper documents
  • Why it’s crucial to update your information as your life changes
  • What can go wrong when family members are not on the same page
  • And more!

Learn about the issues faced by the Kasem family and why blended families can be difficult to manage in this episode of Dead Celebrity!

Resources: WealthManagement.com | withersworldwide