Tag: Estate Planning

Divorce Lawyer Talks Top 5 Financial Considerations

Divorce Lawyer Talks Top 5 Financial Considerations

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Are you going through a divorce? Do you know someone who is going through a divorce?

There are a lot things to think about during a divorce and there are some big mistakes people can make if they act out of emotion. Hear what Elizabeth Stephenson and Jason Deshayes have to say about navigating finances during a divorce.

In this episode, you’ll learn about:

  • What does New Direction Family Law do?
  • Managing Expenses During Divorce
  • Getting a New Home after Divorce
  • Figuring Out Income During a Divorce
  • Business Owner Income During a Divorce
  • Splitting Retirement Assets During a Divorce
  • Dealing with the Marital Residence During a Divorce
  • Dividing Property During a Divorce
  • and more!

 

Connect with Elizabeth

“I get to make people’s lives better everyday” Elizabeth A. Stephenson, MSW – New Direction Family Law

Elizabeth A. Stephenson, MSW, Attorney

Get a Consultation with New Direction Family Law – https://newdirectionfamilylaw.com/

The Ex-It Strategy Podcast (Your No Bullsh$t Guide to Divorce) – https://newdirectionfamilylaw.com/podcasts/

 

Connect with Jason 

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Financial Advice for People with Aging Parents – Sandwich Money Part 3

Financial Advice for People with Aging Parents – Sandwich Money Part 3

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Do you have aging parents and kids? This video is for you. It’s the third video from our Sandwich Money series, where Mike and Sophie discuss financial considerations for adults who have aging parents while also caring for their own children. At the end, Mike asks “Is it more impactful for them [beneficiaries] to get a big lump sum after they’ve already gotten through those hurdles on their own?”

This video is part 3 of a 3-part series called “Sandwich Money”, where Sophie and Mike discuss financial advice for adults who are sandwiched between raising children and caring for aging parents.

Part 1: Financial Advice for Young Parents

Part 2: Financial Advice for Adults with Children in the Workforce

Part 3: Financial Advice for Adults with Aging Parents

 

Topics in this episode include:

  • What do people with aging parents face financially?
  • Planning for long-term care
  • Why is it important to talk to your parents about their estate plan?
  • How can I bring up the estate plan talk with my parents?
  • Who do you decide who to make the executor of your will? the POA?
  • How do you set up a will without stress?
  • Have you ever had an executor challenge their parents?
  • When’s the right time to talk to your parents about their estate plan?
  • Bonus time: Retirees, how can you make sure your kids are comfortable and ok?
  • Retirees taking families on trips vs giving a lump sum inheritance

 

Connect with Sophie

Connect with Mike

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Financial Advice for Parents of Adult Children – Sandwich Money Part 2

Financial Advice for Parents of Adult Children – Sandwich Money Part 2

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Are your kids starting new jobs? Graduating college soon? Getting promoted? Do they listen to you? Do you wish there was a mutual third party to help set them up for financial success? This video is part 2 of a 3 part series called “Sandwich Money”, where Sophie and Mike discuss financial advice for adults who are sandwiched between raising children and caring for aging parents.

Part 1: Financial Advice for Young Parents

Part 2: Financial Advice for Parents of Adult Children

Part 3: Financial Advice for Adults with Aging Parents

Topics in this episode include

  • Financial milestones for young adults
  • What should people consider with their first job offer?
  • Story: max your match, not max your contribution
  • Getting an unbiased third party for financial advice
  • Uncomfortable family conversations about money
  • Quality time instead of financial logistics and numbers
  • How do you introduce your young adult to a financial advisor?
  • What changes financially when you become an empty nester?
  • If you have multiple kids, who do you want to name as the executor?
  • A health scare that ended up positively
  • Cautionary tale: Have written agreements
  • Approaching the Estate conversation with your adult children
  • Ideal sequence of financial conversations for your adult children with an advisory team
  • What happens if you can’t think of someone to be the executor of your will?
  • What’s the scope of a corporate trust?
  • When do lawyers get involved?

Connect with Sophie

Connect with Mike

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Financial Advice for Parents with Children in School – Sandwich Money Part 1

Financial Advice for Parents with Children in School – Sandwich Money Part 1

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Parenting is hard!

Mike eases the burden a bit with some tips about money for parents with children college age and younger.

This video is part 1 of a 3-part series called “Sandwich Money”, where Sophie and Mike discuss financial advice for adults who are sandwiched between raising children and caring for aging parents.

Part 1: Financial Advice for Young Parents

Part 2: Financial Advice for Adults with Children in the Workforce

Part 3: Financial Advice for Adults with Aging Parents

Topics in this episode include:

  • Why is money an important topic for parents with young children?
  • What does it mean for a kid to be financially literate?
  • When is the right time to talk to kids about money?
  • How do you explain the relationship between work and money to kids?
  • How do you make learning about money fun for kids?
  • How can we help children understand the value of money when it’s digital?
  • How to teach kids about saving money.
  • When should you talk to your child about credit cards and credit debt?
  • How can I teach my child about investing money?
  • How can an advisor help parents with young kids?
  • What’s the difference between trust and a will?
  • What’s the going rate for allowance?

Connect with Sophie

Connect with Mike

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Talking To Your Family About Your Estate Plan (Ep. 25)

Talking To Your Family About Your Estate Plan (Ep. 25)

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Why is talking about money with your family so taboo? How can we take some of the awkwardness out of talking about money? Is it important to discuss your estate plan with your children? How much money transparency is too much? Hear what Jason Deshayes, COO and Partner, and Sophie Howell, CXO, have to say about why talking about money can be so funny.

 

Listen now to learn:

  • How do different generations approach money differently?
  • How can you set good money habits in your family?
  • How can you contextualize money for small children?
  • How do you bring up the estate planning conversation with your children?

Connect with Jason

Connect with Sophie Howell

 

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Giving Tuesday: Being Intentional With Our Time, Talents, and Treasures, With Jake Rudy (Ep. 18)

Giving Tuesday: Being Intentional With Our Time, Talents, and Treasures, With Jake Rudy (Ep. 18)

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Giving generously—on Giving Tuesday and all year long—is one of the best ways to expand your impact, support the causes you care about, and create a legacy that lasts. And it goes far beyond dollars and cents. 

In this episode of Own Your Wealth, host Jason is joined by Cook Wealth Planner, Jake Rudy. In this intentional conversation, they talk about cultivating generosity early in life, even when you don’t have much to give, leveraging your time and talents, and exploring tax-advantaged giving tools. 

Listen now to learn:

  • How the three categories of giving work together to build a generous life
  • Why generosity is worth planning for
  • The role Donor-Advised Funds and Qualified Charitable Distributions play in tax-advantaged giving
  • How Jason and Jake have seen, firsthand, the impact charitable giving has on family, communities, and our corner of the world
  • And more

Connect with Jake Rudy:

Resources:

Connect with Jason: 

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Cook Wealth Management Group, LLC is a registered investment advisor with the U.S. Securities and Exchange Commission.

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