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

Cumulus News Talk
Cumulus News Talk
  • 4.5 (4)
  • Investing
  • Updated Weekly

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. 5d ago

    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.

  2. Jul 13

    Love Doesn't Create Legal Rights, Paperwork Does

    Love, Death, and Money listeners, are you prepared for the unexpected? Today's episode is a wake-up call for anyone who's putting off end-of-life planning. The reality is, if you don't have a plan in place, the state of California has one for you, and it's not a pretty process. It's expensive, time-consuming, and can leave your family with a huge burden. In this episode, Attorney Naz Barouti shares the hard facts about why Americans don't have end-of-life plans, and the consequences that follow. He explains how probate court works and why it's not an ideal solution for families. You'll learn about the importance of having a revocable trust, a power of attorney, and a medical directive in place. These documents can save your loved ones from a world of stress and financial strain. But that's not all - Attorney Barouti also talks about asset protection, a crucial aspect of estate planning that many people overlook. He shares a shocking story about a family who lost everything due to a lawsuit, and how having the right protection in place could have made all the difference. You'll discover how to maximize exempt assets, set up proper business entities, and create acid protection trusts to safeguard your wealth. Don't wait until it's too late to take control of your estate planning. Listen to this episode to learn how to protect your family and your assets from the unexpected. Call Attorney Naz Barouti's office at 444-659-0003 to schedule a consultation and take the first step towards securing your financial future. See omnystudio.com/listener for privacy information.

  3. Jul 6

    Protect Your Loved Ones While You Still Can

    Are you one of the 70% of Americans who don't have an end-of-life plan in place? 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 family. In this episode, Attorney Naz Barouti shares the importance of creating an end-of-life plan to avoid probate and ensure that your loved ones are taken care of. Attorney Barouti emphasizes that having a plan is not just about creating a revocable trust, but also about preparing yourself financially and protecting your assets from creditors. She shares a personal story about a client who was sued for over $20 million due to a car accident involving their child, highlighting the importance of having an acid protection plan in place. She also discusses the benefits of long-term care insurance and how it can help you and your family avoid financial ruin. In this episode, you'll learn how to create an end-of-life plan that includes acid protection, long-term care insurance, and tax planning. You'll discover how to protect your assets from creditors and ensure that your family is taken care of, even if you're no longer around. Don't wait until it's too late – tune in to this episode to learn how to create a plan that will give you peace of mind and protect your loved ones. Don't miss this crucial conversation about end-of-life planning. Listen to the full episode to learn how to create a plan that will give you peace of mind and protect your loved ones. See omnystudio.com/listener for privacy information.

  4. Jun 30

    70% Of Americans Don't Have an End Of Life Plan

    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 going through the costly, time-consuming, and emotionally draining probate process. In this episode, the speaker shares a tragic celebrity example of Liam Payne, who died without a will, leaving his 9-year-old son as the sole beneficiary of his $29 million estate. The consequences of not having a plan are dire, including tax implications, beneficiary issues, and the wrong people in charge of managing the estate. The speaker emphasizes the importance of having a plan to avoid the state's plan, which can be devastating for your family. They discuss the tax implications of not having a plan, including the 40% tax on estates over $15 million. They also highlight the importance of having a backup beneficiary and a power of attorney to ensure that your wishes are carried out. Additionally, the speaker talks about acid protection, a crucial aspect of estate planning that can protect your assets from lawsuits. The speaker also welcomes Tina Barouti, founder of New Capital Insurance Solutions, who discusses fixed indexed annuities as a solution for retirement planning. Tina explains how fixed indexed annuities can provide a guaranteed income stream, tax-deferred growth, and protection from market losses. 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 having an end of life plan and how to avoid the devastating consequences of not having one. Call the speaker's office to schedule a consultation and take the first step towards securing your family's financial future. See omnystudio.com/listener for privacy information.

  5. Jun 23

    The Downfalls Of Probate Court

    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 something you'll want? In this episode of Love, Death and Money, Attorney Naz Barouti shares the alarming statistic that 70% of Americans don't have a plan, leaving their families to navigate the costly and time-consuming probate process. Attorney Barouti explains how probate can be a nightmare for families, with expenses adding up to 50-60% of the estate's value, and assets being frozen for months or even years. He also shares a personal story of a client who was sued and lost everything due to a lack of asset protection. This episode is a must-listen for anyone who wants to ensure their loved ones are protected and their assets are secure. Attorney Barouti discusses the importance of having a trust in place, and how it can help avoid probate. He also talks about the need for asset protection, including the use of irrevocable trusts and proper business entities. With so many potential pitfalls, it's essential to have a solid plan in place to safeguard your family's future. Don't wait until it's too late - tune in to this episode to learn how to protect your family and your assets. Listen to the full episode to discover the steps you can take to ensure your loved ones are taken care of, and your assets are secure. See omnystudio.com/listener for privacy information.

  6. Jun 15

    Protect Your Family's Future: The Importance of End of Life Planning

    Are you prepared for the unexpected? In this episode of Love, Death and Money, Attorney Naz Barouti shares a sobering reality: 70% of Americans don't have a plan in place for their loved ones after they're gone. Without a plan, the state of California has one for you - and it's called probate court. This process is expensive, time-consuming, and can leave your family without access to the assets you've worked hard to leave behind. Attorney Barouti explains how probate works and why it's essential to have a plan in place. She shares a personal story about a client who thought they were saving money by gifting their home to their child, only to create a host of problems that could have been avoided with proper planning. She also discusses the importance of having an asset protection plan in place, especially for those who own businesses or have high-risk professions. In this episode, Attorney Barouti also talks about the benefits of fixed indexed annuities, a product that can help you grow your savings without losing a big chunk of your money. She's joined by Tina Barouti from New Capital Insurance Solutions, who explains how fixed indexed annuities work and why they might be a good option for those approaching or in retirement. Don't miss this important conversation about protecting your family's future. Listen to the full episode to learn more about end of life planning, asset protection, and how to create a plan that works for you. See omnystudio.com/listener for privacy information.

  7. Jun 9

    Protect Your Family from the Pitfalls of Probate

    Are you aware that 70% of Americans don't have an end-of-life plan in place? This means that their families will have to navigate the complex and costly process of probate, which can leave them vulnerable to financial and emotional distress. In this episode of Love, Death and Money, Attorney Naz Barouti shares the importance of creating an end-of-life plan to avoid the pitfalls of probate and ensure that your loved ones are protected. Attorney Barouti explains how probate can be a time-consuming and expensive process that can leave your family without access to the assets you leave behind. He also highlights the risks of not having a plan in place, including the possibility of medical providers filing claims against your estate. If you're a homeowner, especially if you're on Medi-Cal, it's crucial to have a trust in place to avoid medical claims. Attorney Barouti also discusses the importance of having a financial power of attorney and medical power of attorney to ensure that your spouse can make decisions for you if you become incapacitated. In this episode, Attorney Barouti also delves into the world of acid protection, explaining how to protect your assets from creditors and lawsuits. He discusses the importance of having insurance, maximizing exempt assets, and setting up proper business entities to safeguard your wealth. If you're a business owner, landlord, or have children under the age of 18, it's essential to have an acid protection plan in place. Don't wait until it's too late to protect your family and assets. Listen to this episode of Love, Death and Money to learn how to create an end-of-life plan and avoid the pitfalls of probate. Call Attorney Naz Barouti's office at 444-465-9003 to schedule a consultation and take the first step towards securing your family's financial future. See omnystudio.com/listener for privacy information.

  8. May 26

    Trusts Wills and Probate, Oh My

    Host Naz Barouti emphasizes that having an end of life plan is not just for the rich and famous, but for every adult over the age of 18. Without a plan, your family will have to go through probate court, which can take two years or more to complete. This process can be costly, with attorneys taking a percentage of the estate's value, and can leave your family without access to your assets. She also discusses the importance of having a revocable trust, which allows you to control your assets from the grave and put restrictions on how your beneficiaries receive them. 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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