Ex-it Strategy

Your no bullsh$t guide to divorce with experienced attorneys from New Direction Family Law and guests and professionals who have been there. Unfiltered discussions to help you move from victim to victorious and from bitter to better.

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    Estate Planning Meets Family Law: Generational Wealth & Trusts

    In this insightful discussion, Cameron, the Marketing and Business Development Manager at New Direction Family Law, and Elizabeth Stevenson, a partner at the firm, dive deep into the intricate intersection of estate planning and family law with Hampton Crumpler, an attorney at NC Planning. They explore the complexities of generational wealth, trusts, wills, and how these elements play crucial roles in divorce, custody battles, and property division. Key topics include the impact of prenuptial and postnuptial agreements, protecting assets for children from previous marriages, the importance of regularly updating estate plans, and understanding the differences between revocable and irrevocable trusts. Tune in to gain valuable insights into how smart estate planning can save time, money, and stress for your family. 00:00 Introduction and Guest Introduction 00:57 Intersection of Estate Planning and Family Law 01:34 Prenups, Postnups, and Estate Planning 07:15 Trusts for Minor Children 10:15 Revocable vs. Irrevocable Trusts 12:26 Blended Families and Q-Tip Trusts 15:12 Importance of Having a Will 18:32 Inherited Property and Marital Assets 21:06 Tax Consequences of Inherited Money 21:30 Trusts and Taxation 22:22 Real Estate and Inheritance 23:47 Estate Planning and Separation Agreements 25:44 Gifts and Marital Property 27:09 Handling Property in Divorce 28:58 Importance of Estate Planning 31:53 Updating Estate Plans 33:02 Legal Representation in Divorce 34:49 Getting in Touch with an Estate Planning Attorney 37:17 Final Thoughts on Estate Planning

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Your no bullsh$t guide to divorce with experienced attorneys from New Direction Family Law and guests and professionals who have been there. Unfiltered discussions to help you move from victim to victorious and from bitter to better.

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