Love, Death, and Money: A Woman’s Guide to Legally Protecting Yourself

Cumulus News Talk
Cumulus News Talk
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  • Investing
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For advice about something as complicated and emotional as the intersection of love, death, and money, you need a true expert. Naz Barouti is the perfect person to guide you through these topics. As a lawyer, Amazon best-selling author, entrepreneur, media commentator, and public speaker, Naz is known to many as a strong, calm, confident voice of reason. In 2011, she established her very own Barouti Law Corporation, which now boasts five offices in Southern California. In less than a decade, she’s become known throughout the area (and even around the globe) as an estate planning “guru.”

  1. 2d ago

    Don't Rely On AI When It Comes To End Of Life Planning

    Are you one of the 70% of Americans who don't have an end-of-life plan? If you don't have a plan, the state of California has one for you, and it's called probate court. This process can be expensive, time-consuming, and devastating for your loved ones. In this episode, Attorney Naz Barouti shares the importance of having a plan in place to protect your family's future. Attorney Naz Barouti explains that without a plan, your family will have to go through probate court, which can lead to financial losses, time-consuming proceedings, and public record of your assets. He emphasizes that having a plan is not just about protecting your assets, but also about ensuring that your loved ones are taken care of. Naz shares his expertise on creating a comprehensive end-of-life plan, including a revocable trust, pour-over will, financial power of attorney, and medical power of attorney. The episode also touches on the topic of asset protection, discussing how to safeguard your assets from lawsuits and creditor claims. Naz highlights the importance of having the right insurance coverage, operating agreements, and business entities in place to protect your assets. He also shares a cautionary tale about the importance of updating your plan after major life changes, such as marriage or divorce. Don't wait until it's too late to protect your family's future. Listen to this episode to learn more about the importance of end-of-life planning and how to create a comprehensive plan that suits your needs. Call Attorney Naz Barouti's office at 424-465-9003 to schedule a consultation and take the first step towards securing your family's future. See omnystudio.com/listener for privacy information.

  2. Sep 8

    Estate Trusts Aren't Just For The Rich & Famous

    Love, Death & Money listeners, are you prepared for the unexpected? In this episode, Attorney Naz Barouti shares a sobering statistic: 70% of Americans don't have an end-of-life plan, leaving their families to navigate the costly and time-consuming probate process. But it's not just about the financial implications - it's also about control and peace of mind. Attorney Naz Barouti breaks down the importance of end-of-life planning, explaining how a well-crafted plan can ensure that your assets are distributed according to your wishes, without the need for probate court. He also discusses the common misconceptions surrounding end-of-life planning, including the idea that it's only for the wealthy or that it's too expensive. Naz shares real-life examples of the consequences of not having a plan, including the potential for family conflict and financial strain. In this episode, Naz also delves into the world of life insurance, discussing the importance of having a plan in place to protect your loved ones. He's joined by Tina Barouti, founder of New Capital Insurance Solutions, who explains the different types of life insurance and how they can be tailored to meet individual needs. From term life insurance to indexed universal life insurance, Tina breaks down the options and shares common misconceptions about life insurance. Don't miss this eye-opening conversation about the importance of end-of-life planning and life insurance. Tune in to learn how to protect your family's financial future and ensure that your wishes are respected. Listen to the full episode to discover how to create a plan that works for you and your loved ones. See omnystudio.com/listener for privacy information.

  3. Sep 2

    Asset Protection Is The Best Protection

    Are you aware that if you don't have an end-of-life plan in place, the state of California has one for you - and it's not pretty? In this episode of Love, Death, and Money, Attorney Naz Barouti shares the importance of creating an end-of-life plan to avoid the costly and time-consuming probate court process. With 70% of Americans lacking a plan, Naz explains how probate court can leave your family with a hefty bill and limited access to your assets. Naz discusses the consequences of not having a plan, including the probate process, which can take two to three years to complete and leave your family with a significant portion of your estate going towards attorney fees. She also shares a case study of a young man who is seeking $558,000 from his parents' trust fund to pay for his defense, highlighting the importance of understanding the Slayer Statute and how it can impact your estate. In this episode, Naz emphasizes the importance of creating an end-of-life plan while you still have capacity, including setting up a trust, will, and powers of attorney. She also discusses the importance of choosing the right trustee and guardian for your minor children, and how to protect your assets from lawsuits and creditor claims. Don't miss this crucial conversation about end-of-life planning and asset protection. Listen to the full episode to learn how to secure your family's future and avoid the pitfalls of probate court. See omnystudio.com/listener for privacy information.

  4. Aug 17

    Control From Beyond The Grave When You Have A Plan

    Are you prepared for the unexpected? Unfortunately, many of us put off thinking about our mortality until it's too late. But what if you could take control of your family's future and ensure that your loved ones are protected? This episode of Love, Death and Money explores the importance of end of life planning and how it can save your family from a world of financial and emotional stress. In this episode, Attorney Naz Barouti shares his expertise on the consequences of not having an end of life plan. She explains how the state of California has a plan for those who don't, and it's not a good one. Probate court is a lengthy and expensive process that can leave your family with a huge financial burden. Attorney Barouti also discusses the importance of having a trust, will, and financial and medical power of attorney in place. He shares a personal story about a client who was paralyzed from the waist down and had to make difficult decisions about her healthcare, highlighting the importance of having a clear plan in place. Attorney Barouti also talks about the importance of long-term care planning, particularly for those who may need assistance with daily living activities. He welcomes guest Tina Barouti, founder of New Capital Insurance Solutions, who shares her expertise on long-term care insurance and how it can help alleviate the financial burden on families. If you're putting off thinking about your end of life plan, this episode is a must-listen. Attorney Barouti offers practical advice and insights on how to protect your family's future and avoid the pitfalls of probate court. Don't wait until it's too late – tune in to learn more about the importance of end of life planning and how it can make a difference for you and your loved ones. To get started on creating your end of life plan, visit Attorney Barouti's website at Baroutilaw.com or give his office a call at 444-659-003. See omnystudio.com/listener for privacy information.

  5. Aug 10

    You Pay More When You Don't Have A Plan

    Are you prepared for the unexpected? The state of California has a plan for you, but is it really in your best interest? This episode of Love, Death and Money explores the importance of end of life planning and how it can save your family from a costly and time-consuming probate process. Join your host, attorney Naz Barouti, as he shares real-life stories and expert advice on how to create a plan that ensures your loved ones are protected. In this episode, Naz discusses the consequences of not having an end of life plan, including the expense and hassle of probate court. He also talks to Tina Barouti from New Capital Insurance Solutions about fixed index annuities, a valuable tool for retirement planning that can provide financial stability and tax advantages. Additionally, Nas shares a cautionary tale about the importance of updating your trust and estate plan, citing a recent case involving Malcolm Jamal Warner's estate. He also delves into the topic of acid protection, explaining how it can safeguard your assets from creditors and lawsuits. If you're one of the 70% of Americans without an end of life plan, this episode is a must-listen. Nah provides practical tips and advice on how to create a plan that works for you, including the importance of having a revocable trust, maximizing exempt assets, and setting up proper business entities. He also emphasizes the need for acid protection, especially for those in high-risk professions or with significant assets. Don't wait until it's too late to protect your family's future. Listen to this episode of Love, Death and Money to learn how to create a comprehensive end of life plan that ensures your loved ones are taken care of. Call attorney Naz Barouti's office at 444-659-0003 to schedule a consultation and take the first step towards securing your family's financial well-being. See omnystudio.com/listener for privacy information.

  6. Aug 4

    Do You Trust The Government with Your Assets When You Die

    Are you one of the 70% of Americans who don't have an end-of-life plan in place? If so, you're not alone, but you're also not taking control of your legacy. In this episode of Love, Death and Money, Attorney Naz Barouti shares the consequences of not having a plan, including the costly and time-consuming probate process. He explains how the state's plan for you can leave your family with a hefty bill and a lengthy wait for access to your assets. Attorney Barouti highlights the importance of creating a revocable trust to control how your assets are distributed after you pass away. He also emphasizes the need to consider the potential conflicts that can arise among family members, especially when there are multiple children involved. By having a clear plan in place, you can ensure that your wishes are respected and your loved ones are protected. The episode also touches on the topic of asset protection, discussing the importance of having a plan in place to safeguard your assets from lawsuits. Attorney Barouti shares his expertise on how to create a comprehensive asset protection strategy, including the use of insurance, exempt assets, and business entities. Don't wait until it's too late to take control of your legacy. Listen to this episode to learn more about the importance of end-of-life planning and how to avoid the pitfalls of probate. Call Attorney Naz Barouti's office at 444-659-0003 to schedule a consultation and take the first step towards securing your family's future. See omnystudio.com/listener for privacy information.

  7. Jul 27

    Planning Ahead Lessens The Stress For Your Loved Ones

    Are you one of the 70% of Americans who don't have an end of life plan? If so, you're not alone, but you're also putting your family at risk of a lengthy and costly probate process. In this episode of Love, Death and Money, Attorney Naz Barouti shares the importance of creating an end of life plan to ensure your loved ones are taken care of after you're gone. Attorney Barouti explains how probate court can be a nightmare for families, with costs adding up to 50-60% of the estate's value. He also discusses the importance of having a plan in place to avoid the emotional, administrative, and economic burdens that come with long-term care. Joining him is Tina Barouti, founder of New Capital Insurance Solutions, who shares insights into long-term care insurance and how it can help families prepare for the unexpected. In this episode, you'll learn about the importance of having a plan in place, the consequences of not having one, and how to create a revocable trust to avoid probate. You'll also discover how to protect your business and assets from creditor claims with acid protection planning. Don't miss this crucial conversation about planning for the future and protecting your loved ones. Tune in to this episode to learn more about the importance of end of life planning and how to create a plan that works for you and your family. Call Attorney Naz Barouti's office at 444-659-003 to schedule a consultation and take the first step towards securing your family's future. See omnystudio.com/listener for privacy information.

  8. Jul 20

    Probate Causes Problems When You Don't Have A Plan

    Love, Death, and Money podcast is a thought-provoking show that delves into the complexities of end-of-life planning, probate court, and asset protection. In this episode, the speaker emphasizes the importance of having a plan in place, as 70% of Americans don't have one, leaving their families to navigate the costly and time-consuming probate court process. This can lead to frozen assets, public records, and a lengthy wait for loved ones to access their inheritance. The speaker shares a personal anecdote about a client who had to navigate the probate court process after their father's passing, highlighting the challenges and expenses involved. They also discuss the benefits of creating a revocable trust, which can help avoid probate court and provide control over asset distribution. However, the speaker clarifies that a revocable trust does not protect against creditor claims, and that acid protection trusts are a better option for those at high risk of being sued. The episode also touches on the importance of asset protection, particularly for business owners and high-risk professionals like physicians. The speaker shares a cautionary tale about a dentist who lost everything due to a lawsuit, emphasizing the need for multiple lines of defense, including insurance, protected accounts, and proper business entities. They stress that a revocable trust is not enough to protect against lawsuits and that acid protection trusts are a better option. If you're concerned about end-of-life planning, probate court, or asset protection, this episode is a must-listen. The speaker offers valuable insights and practical advice on how to create a plan that works for you and your loved ones. Tune in to learn more about the importance of having a plan in place and how to protect your assets from lawsuits. See omnystudio.com/listener for privacy information.

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About

For advice about something as complicated and emotional as the intersection of love, death, and money, you need a true expert. Naz Barouti is the perfect person to guide you through these topics. As a lawyer, Amazon best-selling author, entrepreneur, media commentator, and public speaker, Naz is known to many as a strong, calm, confident voice of reason. In 2011, she established her very own Barouti Law Corporation, which now boasts five offices in Southern California. In less than a decade, she’s become known throughout the area (and even around the globe) as an estate planning “guru.”

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