irrevocable

Don't get fooled by non-grantor irrevocable complex discretionary spendthrift trust scams. An expert warns about questionable trust structures marketed online.

The American College of Trust and Estate Counsel, ACTEC, is a professional society of peer-elected trust and estate lawyers in the United States and around the globe. This series offers professionals best practice advice, insights and commentary on subjects that affect the profession and clients. Learn more in this podcast.

Pastor Rebecca West dives into the message of 2 Timothy 1:6-7, teaching us the importance of stirring up our spiritual gifts. These gifts God has generously bestowed upon us are irrevocable and must be used to edify the church and the Body of Christ. When we stir up and use our gifts, we can expect to witness miracles and the transformation of our lives for the glory of God.

We stream live every Sunday at 11am ET and every Wednesday at 8 pm ET.

Visit our website: https://perfectingfaithchurch.com 

Connect with us on social media! 

Facebook: https://www.facebook.com/PerfectingFaithChurch/ 

Instagram: https://www.instagram.com/perfectingfaithchurch/ 

Twitter: https://twitter.com/PFCNY 

Tiktok: https://www.tiktok.com/@perfectingfaithchurch

This episode of ABCast focuses on trusts - what is a trust and why would one need to consider a trust.  The episode begins with a review of the key terms associated with a trust and an overview of the legal importance and structure of a trust itself.  A trust is a separate legal entity which provides additional protections for the assets placed within the trust.  These protections extend to shielding the assets from creditors while ensuring that they are well managed and ultimately passed on directly to the beneficiaries intended by the creator(s) of the trust.  There are several forms of trust vehicles, including but not limited to a revocable trust, an irrevocable trust, a special needs trust and a charitable trust.  Each form of trust carries protections and limitations associated with the purpose of the trust and the intentions of those who create it.  The conversation includes an overview of the time and expense associated with the process of probate, and why it is in the best interests of most people, including simply those who own their own home in San Diego and Southern California, to avoid having their assets taken through probate. In essence, a trust allows you to pass assets on to the people or entities you care about in a fairly immediate time frame after passing while saving your beneficiaries a substantial amount of time and money.  A trust ensures your wishes are accomplished while allowing one to ensure the beneficiaries have access to the assets contained within the trust in a manner which best suits the asset(s) as well as each beneficiary.  Controls within the trust can help protect a beneficiary from wasting the assets or to deliver them at a specific point in time (age, completion of rehab, etc.) or to simply ensure they pass to the beneficiaries in an efficient manner.

If you are ever the target of a frivolous lawsuit, is your stuff protected? What if the lawsuit is legitimate, is your stuff protected?

What happens to your stuff when you die?

This week's guest on the Crushing Debt podcast is attorney Michelangelo Mortellaro, who has been practicing since 2007 in the areas of estate planning and elder law.

In 2020, Michelangelo started Fortress Asset Protection with another attorney to help shield your business from lawsuits and creditors.

In today's episode, we discuss the basics of probate and estate planning law, and why its important to have an estate plan, especially if you own your own business. Then we turn to asset protection and the various tools Michelangelo can use, whether you're an individual, business owner, or investor, to protect what you have from frivolous lawsuits.

You can reach Michelangelo by visiting his lawfirm website - www.MortellaroLaw.com, or Fortress's website - www.FortressAssetProtection.com. 

Please support our sponsor, Sam Cohen at Attorneys First Insurance. Sam would appreciate introductions to attorneys and title companies all over the country, specifically in Florida and Texas. You can reach him at Sam@AttorneysFirst.com or www.AttorneysFirst.com.

If you want to reduce your debt to avoid credit card lawsuits, please download my second book - Become Debt Free in Less Than One Hour at www.ShawnMYesner.com/BecomeDebtFree. 

Grab a pen cause you're gonna want to write this info down. Gary lays out lots of real-life scenarios that emphasize the need for planning. Getting your house in order now can benefit you tremendously while you are still alive and also when you are dead. Make a WILL, think about a TRUST - Gary talks about the pillars of financial planning - Legal, Tax, Financial, and Health. Best to work with a professional when creating your Wills, Trusts, Power of Attorney, and other instruments like these. It's worth the upfront investment to do it right the first time. 

In Episode 29, John and Dean are joined by Danielle Frye again. She is an an Estate Planning attorney with Krugliak, Wilkins, Griffiths and Doughtery CO., L.P.A. Danielle spends some time explaining the different types of trusts which are estate planning contracts. She explains the ins and outs of each type and what might work best for you.

John Cindia can be found at www.lifestagesadvisory.com and this podcast can be found on all major podcast platforms. Additionally, if you have information to share or want to be on the show, please email jcindia@lifestagesadvisory.com

Paul draws his conclusions about God's universal love and acceptance in chapter 11. God's work in Christ was to take down the wall of hostility between Jew and Gentile. God identity belongs to the realm of the formless. There are no boundaries separating our global family with regard to value and identity. Everything and everyone is one. Paul lets the Gentiles know they have misunderstood their role in God's reconciliatory process, a process that involves all of us.

The Narrative tells us that Jesus arrived on the historical scene in the "fullness of time." In what sense does this fullness show up in the story? Paul explains that one element of fullness was the world-centric message of God identity that brought the Gentiles into the promises of God made long ago. Identity would break out and beyond the ethnocentric world into the universal nature of God. But another element of fullness that was necessary was regarding God's wrath. That fullness was modeled by unbelieving Israel. And the fullness of God's wrath was essential to gentile salvation as well. Not to determine who achieved proper faith and belief in order to obtain God identity, but rather to reveal the failure of all humanity to grasp anything through self as source. "He has found ALL under disobedience that He might have mercy upon ALL."

The evolution of God identity came through a two-fold process culminating in both justification as well as condemnation. Paul explained to the Galatian gentiles that the bondwoman, representing those under law, would be cast out. Therefore, do not give in to the Judaizers who were attempting to subject them to circumcision as part of their new identity. 

Pancham interviews Kevin Day, Asset Protection Attorney, Day & Associates Incorporated.  In this second segment of the show, we discuss asset protection strategies for risk mitigation in case you are sued.

Did you know that you can lose everything that you own (including your home) in case you are involved in a car accident? What if your tenant slips and hurts himself seriously? Or, what if the boiler or a pipe bursts causing bodily harm to a third person? While such untoward incidents are outside your control, you can certainly do your bit to limit your liabilities and protect yourself as well as your family.  

In today’s show, we first categorize assets and then reveal the best way to protect them. Strategies discussed include forming LLC’s, Equity Stripping and Forming Trusts. But, is a LLC or a trust completely lawsuit proof? As per the statute of limitations, is there a time period beyond which you cannot be sued? 

For all this and much more, tune in to our latest show now!

3 Key Points:

1. Understanding the concept of Homestead Exemption
2. How equity stripping can help you protect your real estate from unforeseen liabilities
3. Statute of limitations, and the maximum period beyond which you cannot be sued

Resources:

• Previous show on succession planning: www.TheGoldCollarInvestor.com/show18
• The Gold Collar Investor Show 5

• For more details visit: www.TheGoldCollarInvestor.com/show19

• Download free report on top 6 reasons to invest outside of wall-street: www.TheGoldCollarInvestor.com/download

Get in Touch:

• Pancham’s Email
• The Gold Collar Investor
• The Gold Collar Investor Facebook Page

Romans 10 cannot be understood apart from Romans 11. Sound simple? Well, it wasn't for the gentiles in Rome and it hasn't been for Christians during the last 2000 years. Today we discuss the 2 concurrent themes running through the last days: justification and condemnation. Both had a role in the universal reconciliation of the world and the restoration of all things. The role of condemnation is what the gentiles misunderstood. That's how we got Christianity!

Pancham interviews Kevin Day, Asset Protection Attorney, Day & Associates Incorporated.  Kevin goes over the minutiae of wills and trusts as he highlights why sound succession planning is critical.

If you are like me, you might not have given estate planning any thought at all. After all, you do expect to live till you are old and wrinkled. Right? But, what if you get hit by the proverbial bus? 

In today’s show Kevin reveals how succession planning can save your family from financial duress. Topics discussed in today show include probate, revocable and irrevocable trusts, pour-over will, and much, much more.

Tune in for some excellent insights!

3 Key Points:

1. Understanding the basics of succession planning
2. How are your financial affairs handled if you don’t leave behind a will?
3. Wills vs. Trusts – Analyzing the Pros & Cons

Resources:

• For more details visit: www.TheGoldCollarInvestor.com/show18

• Download free report on top 6 reasons to invest outside of wall-street: www.TheGoldCollarInvestor.com/download

Get in Touch:

• Pancham’s Email
• The Gold Collar Investor
• The Gold Collar Investor Facebook Page

Paul goes into detail in chapter 10 about the current state of Israel with regard to faith and belief. We have to remember that Israel also had those of great faith and deep belief (see Jesus, apostles, etc.!) The Narrative reveals how we humans will always have the potential for growth. Faith can always be deeper. Belief can always be stronger. In this sense our past represents a time of less faith and belief. Paul points out that Israel stumbled when she encountered the faith of Christ. However! Paul will also ask, "have they stumbled that they should fall? Certainly not!" (11:11) Our lack of faith will keep us unconscious of the abundance of life, but it is not a work or requirement that determines our identity as God's own. Thanks for joining us today.

In this episode we finish our discussion of Romans chapter 9. There are 2 aspects of our human nature that are being revealed in Paul's time. One aspect relates to our self-centered instincts and brings about wrath. But wrath is a term in the Narrative indicating the removal of what stands in the way of our growth in spirit. Wrath is never the final word in this amazing story of our life's journey. Instead, wrath always leads to reconciliation and restoration. 

Today we wrap up our conversation on the wrath of God in Romans 9. This subject will come back up in chapter 11. We will be able to fill out our understanding of wrath in its role once we complete Paul's line of thought. Ultimately, Paul understood that the story of Abraham, Isaac, and Jacob pointed to a revelation of wrath and reward that would be fulfilled through Christ. 

Do you know how many types of trusts there are? In this episode, we try to name as many as possible to show you the importance of using a Trusted Estate Planning Attorney.

There are two elements of salvation running side by side in the transformation period or what is called the last days. Those that remained attached to the passing world of religion as inaugurated by Moses were going to experience wrath. Those that followed the faith of Christ would be rewarded. However! We continue to discuss the role and function of wrath as that which sets the stage for restoration and reconciliation. Wrath serves to remove all that stands in the way of human misunderstandings. Wrath is for the benefit of God's children. Join us as we discuss this in more detail.

Abraham symbolizes two aspects of the integral trajectory in the Biblical Narrative. The first aspect relates to his grandson Jacob who later became Israel. This aspect is biological through genealogy and lineage. The second aspect relates to Abraham's son Isaac. Paul notes that ultimately Abraham's descendants would be through his seed singular - meaning Christ. The birth of Isaac and the resurrection of Christ both come by the power of God. Paul is setting the stage for correcting the gentile misunderstanding about salvation and their saved/lost paradigm.

Today we compare Paul's use of Romans 9:6 (a very controversial verse) with his writing in Galatians 3:16. His motivation for writing both groups was to emphasize the source of salvation and the source of our identity. The gentile struggles with this have been handed down through the centuries from the days of the Holy Roman Empire! We look at why an integral approach to Paul is so vital to moving beyond these long held struggles.