Estate & Inheritance Planning
Understand how estate planning, inheritance, trusts, beneficiaries, and family communication work together. Learn how to prepare heirs, reduce avoidable mistakes, and coordinate legal structures with the financial outcomes your family wants.
If you hear the phrase “inheritance planning” and immediately picture wills, trusts, attorneys, and a stack of complicated documents, you are not alone. The topic feels overwhelming before people even start, because it sounds like a legal ordeal rather than something they can actually approach with clarity. Here is the reframe. At its core, this…
The most damaging inheritance planning mistakes are not always bad investments, poor tax planning, or even missing legal documents. More often, families lose wealth because the people receiving it were never prepared for the responsibility that came with it. When most people hear “inheritance planning,” they picture an attorney’s office: the will, the trust, the…
“I’m Not Paying for Oil—I’m Protecting the Engine” There’s a moment in our house where Lucas will look at me—calm as can be—and say, “Rachel… I’m not paying for oil. I’m protecting the engine.” And every time he says it, it reminds me of how people think about taxes. Because an oil change feels annoying.…
The “Billion-Dollar Asset” That Still Had to Be Sold A story Bruce shares in our retirement class teaching always stops people in their tracks. A family inherited an NFL team worth just under a billion dollars. The asset was valuable. The legacy was real. But the planning wasn’t there. When estate taxes came due, the…
Premium financing life insurance for estate planning is one of those strategies that sounds impressive—and sometimes is. But for most families, it introduces more complexity and risk than benefit. At The Money Advantage, we don’t lead with premium financing, and we rarely recommend it. But in a recent conversation with a client facing an eight-figure…
SLAT vs ILIT for High Net Worth Estate Planning isn’t just a legal distinction—it’s a strategic decision that could determine how well your wealth serves your family, both now and for generations to come. We were deep into a conversation with Andrew Howell, one of the foremost estate planning attorneys in the country, when he…
When we first started talking about estate planning with life insurance, it was because we saw a massive disconnect in how families were thinking about their wealth. Not just the numbers. But the purpose behind it. Bruce and I were in the middle of one of our deeper conversations—talking through how most people think life…
What do the St. Louis Rams and Prince have in common? Their stories illustrate the pros and cons of ILIT insurance – or, more accurately, what happens when estate planning tools like an ILIT aren’t used at all. They both became cautionary tales of what happens when estate planning falls short. When Georgia Frontiere passed…
Do you want to give your kids the best possible chance at life, but you’re afraid of spoiling them, or worse? Are you concerned that leaving an inheritance will only end in disaster? Learn why “leaving an inheritance to my great-grandchildren” is a good thing and how to do it. Many parents are undecided about…
Can you confidently say your family’s financial future is protected? Staring down the barrel of a life-altering moment, I was forced to confront the fragility of existence and the critical importance of having one’s affairs in order. That harrowing experience became a catalyst for today’s soul-searching episode of the Money Advantage podcast, where we navigate…
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