Tag Archives: trusts

Ep 54 – James Brown: Philanthropy After Death With Robert Strauss



In this episode, David Lenok, senior editor at WealthManagement.com, is joined by Robert Strauss,  shareholder and director of Weinstock Manion, specializing in guiding high net worth families, business owners, and real estate developers through the complex process of estate and wealth transfer planning.

Today’s celebrity example is the estate of legendary musician and American icon James Brown, including the fifteen years it took to settle his relatively simple estate. David and Robert discuss how charitable giving can help you avoid drawn out settlements after your death.

David and Robert discuss:

  • The importance of defining the clients’ wishes for their estate after they pass
  • Charitable giving before vs. after death
  • How family and legal dynamics can change after you are gone
  • How charitable gains are taxed
  • And more

Connect With Robert Strauss:

Connect With David Lenok:

About Our Guest:

As a Partner at Weinstock Manion, I specialize in guiding high-networth families, business owners and real estate developers through the complex process of estate and wealth transfer planning. With an extensive background as a transactional attorney, I am able to effectively advise owners of businesses and real estate regarding business succession plans and pre-liquidity event wealth transfer plans. Further, I bring a creative and customized approach to all estate matters in order to reduce estate taxes, achieve liability and creditor protection and, if desired, incorporate charitable giving and life insurance planning.

 


Ep 53 – The Information About Special Needs Trusts Everyone Needs To Hear With Gina Nelson



Many of us remember Chrisptopher Reeves for his unforgettable performance as the first Superman to appear on the big screen in 1978. But a lot of us forget his later years were spent as a parapelegic after a tragic horse accident. 

In this episode, David Lenok speaks with Gina Nelson about some of the different planning you can do to prepare if you or a loved one should become disabled, and what you can do today to set them up for after you’re gone. 

Gina discusses:

  • The Christopher and Dana Reeves Foundation and how it’s set up to help those living with any type of disability 
  • How a special needs trust can help you and your loved ones
  • The difference between special needs and supplemental needs
  • The importance of flexibility in your trust documents 
  • The different scenarios between who sets up the trust
  • And more

Connect With Gina Nelson:

Connect With David Lenok:

About Our Guest:

Gina M. Nelson is a Senior Vice President – Head of Fiduciary Services with over 15 years of experience in various trust and estate roles.  Prior to joining Chilton Trust, Ms. Nelson served as Executive Director/Global Head of Trusts and Estates Risk at J.P. Morgan where she was responsible for Risk Management of all of J.P. Morgan’s trust companies, which include the U.S., Delaware, Bahamas, and other international entities.  Prior to J.P. Morgan, Ms. Nelson accumulated over 10 years of trust company experience, serving as a resource on complex fiduciary matters, reviewing and approving new business, and developing and enhancing fiduciary processes and procedures.  

She has spoken on panels at several key industry events, including the Delaware Trust Conference and the Mourant Ozannes International Trust and Private Client Conference.  Ms. Nelson began her career practicing law and opened her own practice where her focus was estate planning and trust and estate administration.  Ms. Nelson received her B.A. in French and European Studies from Vanderbilt University and her J.D. from the University of Minnesota School of Law.  


Ep 48 – Hugh Hefner: Plan it and Communicate it –– With Robert Wermuth and Kevin Donohue



In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Rob Wermuth, senior partner and Kevin Donohue, partner at the Pennsylvania-based firm Legacy Planning about the intricacies of estate planning. 

Today’s celebrity estate example is brought to us by Playboy Magazine founder and figurehead Hugh Hefner. Through the use of trusts, prenups and taking care of business deals during his life, Hefner left his family and his legacy in a very good place to move on from following his death.

You will learn:

  • How advisors can help clients take advantage of estate planning-focused transactions during their lifetime
  • How planning around a family business in your estate helps avoid the most common conflicts that often arise
  • The benefits of allowing your assets to grow outside of your estate
  • And more!

Hugh Hefner knew what he wanted, and made sure everyone on his team knew it too! Tune in for more details!

Resources: WealthManagement.com | Legacy Planning