The Practical Planner
Let's reimagine estate planning together. We'll explore ways for advisors to better serve existing clients and grow your business. Unlike other shows that skim the surface of easily Googled topics, hosts Thomas Kopelman and Anne Rhodes provide takeaways that advisors can use to meet your clients wherever they are in the estate planning process. What’s the difference between a will and a trust? What is an estate plan, and why do you need one? What are the biggest estate planning mistakes? The Practical Planner details everything advisors need for effective estate planning. We cover everything from the basics (defining term...
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The Top Reasons to Update Your Estate Plan
<p>In this episode of the Practical Planner Podcast, Thomas Koppelman and Anne Rhodes discuss the critical aspects of estate planning, focusing on when and why individuals should update their estate plans. They explore various triggers for updates, including changes in family dynamics, the maturity of beneficiaries, and the importance of trust structures. The conversation emphasizes the need for regular reviews of estate plans to ensure they remain effective and aligned with the individual's current circumstances.</p>
Navigating Louisiana's Estate Planning Landscape
<p>In this episode, Anne Rhodes is joined by Addie Prewitt, and Alaina Lacter unpack the complexities of estate planning in Louisiana—from its unique legal terminology to key concepts like forced heirship, community property, and usufruct. They also address common misconceptions and explain why a comprehensive estate plan—especially including powers of attorney—is essential. Whether you're planning for your own estate or advising clients, this conversation sheds light on how Louisiana law shapes the planning process.</p>
Creating Liquidity at Death
In this episode of the Practical Planner Podcast, host Thomas Kopelman, along with Anne Rhodes and guest Rachel Hartman, delve into the critical topic of liquidity in estate planning. They discuss the importance of liquidity for high-net-worth individuals, especially in the context of estate taxes and the implications of death. The conversation covers various strategies for creating liquidity, including the role of life insurance, tax implications after death, and the necessity of proper estate planning to avoid complications for beneficiaries. The episode emphasizes the need for advisors to guide clients in ensuring their estate plans are robust and capable of...
Capital Gains vs Estate Tax Planning
In this episode, Thomas Koppelman and Rachel Hartman delve into the complexities of capital gains tax and estate tax planning. They discuss the differences between the two, the importance of state-specific tax implications, and various strategies for managing high appreciating assets. The conversation highlights the significance of timing in tax decisions, the tools available for tax planning, and the benefits of gifting and charitable donations to maximize tax efficiency.
Trust Distributions
In this episode of the Practical Planner Podcast, Thomas Kopelman and Anne Rhodes return to their roots with a focused discussion on trust management. They explore the intricacies of being a trust beneficiary, the rights involved, and the strategic decisions surrounding trust distributions. With a focus on practical advice, this episode is a must-listen for anyone involved in estate planning or managing family trusts. Tune in to gain valuable insights into the world of trusts and how to effectively manage them for long-term success.
Corporate Trustees with Special Guest, Christopher Holtby
Join Thomas Kopelman and Anne Rhodes as they welcome Christopher Holtby to the Practical Planner Podcast. This episode delves into the world of trustees, exploring the differences between corporate and individual trustees and their impact on financial planning. Christopher shares his expertise on the strategic importance of trustees in managing wealth, offering listeners a comprehensive understanding of trust dynamics. Whether you're an advisor or a beneficiary, this episode is packed with insights to help you navigate the complexities of trust management.
Top Estate Planning Mistakes
In this episode of the Practical Planner Podcast, hosts Thomas Kopelman and David Haughton dive into the critical topic of estate planning. They discuss common mistakes people make, such as not having an estate plan, failing to update it after life changes, and the pitfalls of do-it-yourself planning. With personal anecdotes and professional insights, they emphasize the importance of proper planning to avoid costly errors and ensure your assets are protected. Tune in to learn how to safeguard your legacy and make informed decisions for your future.
Dive Into the One Big Beautiful Bill
In this episode of the Practical Planner podcast, hosts Thomas Kopelman and David Haughton delve into the intricacies of the "One Big Beautiful Bill," exploring its unexpected twists and implications for estate planning, income tax brackets, and more. They discuss key changes, such as the increase in the estate tax exemption and the extension of income tax brackets, while offering insights into strategic planning opportunities for high-net-worth individuals. Tune in to understand how these developments could impact your financial strategies and what steps you can take to stay ahead. Don't miss this informative discussion that could shape your financial future!
Everything you need to think about tax planning before the year's end
Join hosts Thomas Kopelman and David Haughton as they explore essential end-of-year tax planning strategies for financial advisors. This episode provides a comprehensive checklist, covering everything from maximizing deductions and charitable giving to Roth conversions and tax loss harvesting. Equip yourself with practical tips and insights to guide your clients through the tax season effectively. Enhance your advisory services with strategies that can save your clients money and improve their financial outcomes. Happy tax planning!
How to Incorporate Estate Planning Into Your Practice
In this episode of the Practical Planner podcast, hosts Thomas Kopelman, Dave Haughton, and Anne Rhodes, delve into the crucial role advisors play in estate planning. They explore the three phases of advisor involvement: nudging clients to initiate their estate plans, assisting with implementation, and ensuring plans remain up-to-date. Through personal anecdotes and professional insights, they highlight the importance of advisors in guiding clients through life events and maintaining effective estate plans. Tune in to learn how advisors can go beyond asset management to truly impact their clients' lives.
