Estate and Tax Planning

Show aired on March 19th, 2022

Bob Ward, estate and tax planning attorney with offices in Vancouver and Maryland, joins Mike to discuss various aspects of estate planning, especially as it relates to taxes.

• How does the tax system affect estate planning?
• What is the gift and estate tax exemption?
• What is a trust and how does it impact estate planning?
  • Who is a settlor, a trustee, or a beneficiary on a trust? What are their various roles?
  • What are the advantages to acting sooner rather than later on gifting assets?
  • What is a generation skipping trust?
• What are some other considerations regarding inheritance? (What if a child get sued? What if they are in a bad accident? What if…?)
• How do state laws affect second or third marriages?
• How do you set up a trust to save current taxes, give to charity, and still give money to your children?

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Estate PlanningTax Planning

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Though Mike Miller is an employee of Ronald Blue Trust, Talking Money^® represents his individual views, and not those of his employer or any other sponsor of the program. During the program, Mike may discuss market trends as well as specific financial planning techniques and investment ideas. These discussions are for general information only and are not intended to provide specific advice or recommendations to any individual or organization. Work with your attorney, or accounting, or investment professional for specific individual advice and services. Any securities or investment products discussed on Talking Money® are not insured by the FDIC, are not a deposit or other obligation of or guaranteed by any bank, and are subject to investment risk, including possible loss of principal amount invested. Some shows contain time sensitive material that should not be relied upon without verifying.

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