PODCAST
How to Know What is Cheap vs Expensive
Today, Tom discusses the importance of understanding the true costs of living, emphasizing the difference between short-term cheap options and long-term investments. He explores various aspects of personal finance, including ...financial planning, insurance, tax strategies, estate planning, and debt management, urging listeners to think holistically about their financial decisions and the impact they have on their future. Tune in to understand the true cost living.
Highlights
00:00 - Intro
03:00 - Long-term quality vs. short-term savings.
03:51 - Health as a long-term investment.
04:49 - Thinking beyond immediate costs.
05:55 - Long-term net worth vs. income planning.
10:18 - Comprehensive financial planning overlooked for sales.
15:00 - The role of insurance in risk mitigation.
20:53 - Proactive tax planning importance.
23:55 - Estate planning and legal basics.
25:59 - Leverage vs. debt in wealth building.
29:44 - Investing in personal health for long-term benefits.
Episode Resources
Connect with Tom Suvansri
https://perennialpride.com/
https://www.facebook.com/perennialpride/
https://twitter.com/perennialpride
https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
Call to Action
Schedule a Call with Tom
How to Listen:
Subscribe on Youtube
Listen on Spotify[+] Show More
Highlights
00:00 - Intro
03:00 - Long-term quality vs. short-term savings.
03:51 - Health as a long-term investment.
04:49 - Thinking beyond immediate costs.
05:55 - Long-term net worth vs. income planning.
10:18 - Comprehensive financial planning overlooked for sales.
15:00 - The role of insurance in risk mitigation.
20:53 - Proactive tax planning importance.
23:55 - Estate planning and legal basics.
25:59 - Leverage vs. debt in wealth building.
29:44 - Investing in personal health for long-term benefits.
Episode Resources
Connect with Tom Suvansri
https://perennialpride.com/
https://www.facebook.com/perennialpride/
https://twitter.com/perennialpride
https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
Call to Action
Schedule a Call with Tom
How to Listen:
Subscribe on Youtube
Listen on Spotify[+] Show More
How to Know What is Cheap vs Expensive
Today, Tom discusses the importance of ...
Today, Tom discusses the importance of understanding the true costs of living, emphasizing the difference between short-term cheap options and long-term investments. He explores various aspects of personal finance, including ...financial planning, insurance, tax strategies, estate planning, and debt management, urging listeners to think holistically about their financial decisions and the impact they have on their future. Tune in to understand the true cost living.
Highlights
00:00 - Intro
03:00 - Long-term quality vs. short-term savings.
03:51 - Health as a long-term investment.
04:49 - Thinking beyond immediate costs.
05:55 - Long-term net worth vs. income planning.
10:18 - Comprehensive financial planning overlooked for sales.
15:00 - The role of insurance in risk mitigation.
20:53 - Proactive tax planning importance.
23:55 - Estate planning and legal basics.
25:59 - Leverage vs. debt in wealth building.
29:44 - Investing in personal health for long-term benefits.
Episode Resources
Connect with Tom Suvansri
https://perennialpride.com/
https://www.facebook.com/perennialpride/
https://twitter.com/perennialpride
https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
Call to Action
Schedule a Call with Tom
How to Listen:
Subscribe on Youtube
Listen on Spotify[+] Show More
Highlights
00:00 - Intro
03:00 - Long-term quality vs. short-term savings.
03:51 - Health as a long-term investment.
04:49 - Thinking beyond immediate costs.
05:55 - Long-term net worth vs. income planning.
10:18 - Comprehensive financial planning overlooked for sales.
15:00 - The role of insurance in risk mitigation.
20:53 - Proactive tax planning importance.
23:55 - Estate planning and legal basics.
25:59 - Leverage vs. debt in wealth building.
29:44 - Investing in personal health for long-term benefits.
Episode Resources
Connect with Tom Suvansri
https://perennialpride.com/
https://www.facebook.com/perennialpride/
https://twitter.com/perennialpride
https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
Call to Action
Schedule a Call with Tom
How to Listen:
Subscribe on Youtube
Listen on Spotify[+] Show More
The Entrepreneurial Mindset with Richard Walsh
In this episode, Richard Walsh joins Tom ...
In this episode, Richard Walsh joins Tom and shares his extensive entrepreneurial journey, beginning from his time in the Marine Corps to becoming a successful business owner and coach. He ...discusses the challenges he faced during the 2008 economic downturn, the importance of shifting from an employee mindset to an owner mindset, and the critical role of feedback in validating business ideas. Richard emphasizes resilience in the face of rejection and the necessity of learning from failures to achieve success in entrepreneurship. Tom and Richard dive into the multifaceted journey of entrepreneurship, emphasizing the importance of commitment, understanding expectations, and the necessity of having a purpose beyond profit. Tune in to hear about the resilience required to navigate the ups and downs of business ownership and the significance of recognizing the true value provided to customers.
Highlights
00:00 - Intro
03:00 - From shoveling granite to $1,000 in a day: an entrepreneurial awakening.
04:45 - Scaling from landscape to custom water features.
07:02 - 2008 financial crash: Losing half a million in one day.
10:24 - Shutting down the business to refocus on family.
13:05 - The creation of "Escape the Owner Prison" and a new coaching venture.
18:50 - Side hustle reality for would-be entrepreneurs.
23:30 - Overestimating in one year, underestimating in five.
24:50 - The rejection blues: handling noes and setbacks.
31:36 - Vision-driven business: Understanding the bigger mission.
38:17 - The importance of customer journey and experience.
46:17 - The thrill of entrepreneurship: innovation and automation.
47:56 - Where to find more about Richard and his coaching services.
Episode Resources
Connect with Tom Suvansri
https://perennialpride.com/
https://www.facebook.com/perennialpride/
https://twitter.com/perennialpride
https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
Connect with Richard Walsh
https://www.linkedin.com/in/richard-walsh-866ab237
Call to Action
Schedule a Call with Tom
How to Listen:
Subscribe on Youtube[+] Show More
Highlights
00:00 - Intro
03:00 - From shoveling granite to $1,000 in a day: an entrepreneurial awakening.
04:45 - Scaling from landscape to custom water features.
07:02 - 2008 financial crash: Losing half a million in one day.
10:24 - Shutting down the business to refocus on family.
13:05 - The creation of "Escape the Owner Prison" and a new coaching venture.
18:50 - Side hustle reality for would-be entrepreneurs.
23:30 - Overestimating in one year, underestimating in five.
24:50 - The rejection blues: handling noes and setbacks.
31:36 - Vision-driven business: Understanding the bigger mission.
38:17 - The importance of customer journey and experience.
46:17 - The thrill of entrepreneurship: innovation and automation.
47:56 - Where to find more about Richard and his coaching services.
Episode Resources
Connect with Tom Suvansri
https://perennialpride.com/
https://www.facebook.com/perennialpride/
https://twitter.com/perennialpride
https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
Connect with Richard Walsh
https://www.linkedin.com/in/richard-walsh-866ab237
Call to Action
Schedule a Call with Tom
How to Listen:
Subscribe on Youtube[+] Show More
Navigating Tax Strategies for Wealth Building with Scott Phillips
Joining Tom in today's episode is Scott ...
Joining Tom in today's episode is Scott Phillips, founder of SDP, about wealth building strategies, particularly focusing on oil and gas investments. Scott shares his personal journey, insights into tax ...strategies, and the importance of diversification in investment portfolios. The conversation delves into the tax benefits associated with oil and gas investments, the risks involved, and the future of the industry in a changing economy. Scott emphasizes the need for careful planning and understanding one's financial situation before making investment decisions. Tune in to hear more about how tax benefits are not loopholes, but incentives.
Highlights
00:00 - Intro
02:03 - Insights from owning businesses: Reducing tax concerns.
04:41 - Early exploration into oil and gas tax strategies.
06:45 - Importance of understanding tax implications in investments.
08:06 - Learning cycles of investment: Oil vs. stock market.
09:52 - Tax benefits of oil and gas investment explained.
13:08 - Why government offers tax incentives for drilling.
15:00 - Technology advancements lower oil production costs.
19:39 - Ideal times to invest in oil and gas.
22:43 - Addressing the perception of oil's future amid alternatives.
26:46 - Environmental impact and the industry's response.
Episode Resources
Connect with Tom Suvansri
https://perennialpride.com/
https://www.facebook.com/perennialpride/
https://twitter.com/perennialpride
https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
Connect with Scott Phillips
https://www.linkedin.com/in/scottphillipssdp
Call to Action
Schedule a Call with Tom
How to Listen:
Subscribe on Youtube
Listen on Spotify[+] Show More
Highlights
00:00 - Intro
02:03 - Insights from owning businesses: Reducing tax concerns.
04:41 - Early exploration into oil and gas tax strategies.
06:45 - Importance of understanding tax implications in investments.
08:06 - Learning cycles of investment: Oil vs. stock market.
09:52 - Tax benefits of oil and gas investment explained.
13:08 - Why government offers tax incentives for drilling.
15:00 - Technology advancements lower oil production costs.
19:39 - Ideal times to invest in oil and gas.
22:43 - Addressing the perception of oil's future amid alternatives.
26:46 - Environmental impact and the industry's response.
Episode Resources
Connect with Tom Suvansri
https://perennialpride.com/
https://www.facebook.com/perennialpride/
https://twitter.com/perennialpride
https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
Connect with Scott Phillips
https://www.linkedin.com/in/scottphillipssdp
Call to Action
Schedule a Call with Tom
How to Listen:
Subscribe on Youtube
Listen on Spotify[+] Show More
How to Access Cash for Opportunities
In today's episode of the Perennial ...
In today's episode of the Perennial Pride podcast, Tom discusses different options for leveraging assets without liquidating them. He explores the use of personal credit cards, home equity lines of ...credit, margin accounts, and cash value life insurance as sources of capital. Tom highlights the pros and cons of each option and emphasizes the importance of being disciplined and responsible when using debt as leverage. He also emphasizes the need to be prepared and have access to cash in order to take advantage of opportunities that may arise. Tune in to hear more!
Highlights
00:00 - Intro
03:00 - Building an Opportunity Fund.
03:21 - No Magic Bullet in Financial Strategies.
03:57 - Leveraging Assets Without Liquidation.
05:05 - Pros and Cons of Credit Card Use.
06:46 - Home Equity Line of Credit: A Viable Option.
09:50 - Margin Accounts: Accessing Cash Through Brokerage.
13:08 - Infinite Banking: Leveraging Life Insurance.
18:31 - Benefits of Cash and Preparedness.
Episode Resources
Connect with Tom Suvansri
https://perennialpride.com/
https://www.facebook.com/perennialpride/
https://twitter.com/perennialpride
https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
Call to Action
Schedule a Call with Tom
How to Listen:
Subscribe on Youtube
Listen on Spotify[+] Show More
Highlights
00:00 - Intro
03:00 - Building an Opportunity Fund.
03:21 - No Magic Bullet in Financial Strategies.
03:57 - Leveraging Assets Without Liquidation.
05:05 - Pros and Cons of Credit Card Use.
06:46 - Home Equity Line of Credit: A Viable Option.
09:50 - Margin Accounts: Accessing Cash Through Brokerage.
13:08 - Infinite Banking: Leveraging Life Insurance.
18:31 - Benefits of Cash and Preparedness.
Episode Resources
Connect with Tom Suvansri
https://perennialpride.com/
https://www.facebook.com/perennialpride/
https://twitter.com/perennialpride
https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
Call to Action
Schedule a Call with Tom
How to Listen:
Subscribe on Youtube
Listen on Spotify[+] Show More
Seven Overlooked Areas That Are Robbing Your Wealth
Summary In today's episode, Tom dives ...
Summary
In today's episode, Tom dives into the importance of wealth management, discussing key areas that are often overlooked. He covers topics like cash flow management, tax reduction strategies, evaluating ...fees, and the drawbacks of relying solely on banks for wealth storage and borrowing. Tune in to hear more about alternative strategies, including infinite banking, diversifying investments, and essential risk mitigation through insurance and estate planning
Highlights
00:00 - Intro
01:54 - Uncovering hidden health risks.
03:05 - Financial risks beneath the surface.
04:26 - Importance of cash flow awareness.
05:09 - Diversifying streams of income.
06:34 - Tax strategies and opportunities.
07:55 - The true cost of fees.
09:22 - Rethinking the role of banks.
11:09 - Investment diversification beyond markets.
13:46 - Importance of risk mitigation.
15:56 - Estate planning for wealth transfer.
22:11 - Empowerment through financial education.
Episode Resources
Connect with Tom Suvansri
https://perennialpride.com/
https://www.facebook.com/perennialpride/
https://twitter.com/perennialpride
https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
Call to Action
Schedule a Call with Tom
How to Listen:
Subscribe on Youtube
Listen on Spotify[+] Show More
In today's episode, Tom dives into the importance of wealth management, discussing key areas that are often overlooked. He covers topics like cash flow management, tax reduction strategies, evaluating ...fees, and the drawbacks of relying solely on banks for wealth storage and borrowing. Tune in to hear more about alternative strategies, including infinite banking, diversifying investments, and essential risk mitigation through insurance and estate planning
Highlights
00:00 - Intro
01:54 - Uncovering hidden health risks.
03:05 - Financial risks beneath the surface.
04:26 - Importance of cash flow awareness.
05:09 - Diversifying streams of income.
06:34 - Tax strategies and opportunities.
07:55 - The true cost of fees.
09:22 - Rethinking the role of banks.
11:09 - Investment diversification beyond markets.
13:46 - Importance of risk mitigation.
15:56 - Estate planning for wealth transfer.
22:11 - Empowerment through financial education.
Episode Resources
Connect with Tom Suvansri
https://perennialpride.com/
https://www.facebook.com/perennialpride/
https://twitter.com/perennialpride
https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
Call to Action
Schedule a Call with Tom
How to Listen:
Subscribe on Youtube
Listen on Spotify[+] Show More
Mastering the Business Exit: Lessons in Risk, Resilience, and Maximizing Value with Lee Heisman
On this episode of Perennial Pride, Tom ...
On this episode of Perennial Pride, Tom reconnects with longtime friend Lee Heisman, CEO of Exit Stage Left Advisors. With decades of entrepreneurial experience, Lee shares insights into helping business ...owners maximize the value of their business as they prepare for an exit. From his start in the printing industry to managing multiple successful ventures, Lee reflects on the importance of risk-taking, resilience, and aligning your efforts with your long-term goals. Tune in to learn about Lee's journey, the lessons he's gained along the way, and what business owners need to know when selling their companies.
Highlights
00:00 - Intro
02:08 - The Value of Delayed Gratification.
03:39 - Challenging Conventional Wisdom for Success.
05:50 - Lee Heisman on Defining Personal Success.
06:34 - Transitioning from Physical Therapy to Entrepreneurship.
07:15 - Starting a Printing Business in Atlanta.
09:45 - Selling the Printing Business for New Ventures.
10:56 - The Importance of Resilience and Learning from Failures.
12:29 - Early Business Challenges: Working All Night.
14:39 - Side Hustles Need Full Dedication to Thrive.
16:19 - Balancing Different Types of Employees.
20:04 - Teaching Entrepreneurship at Kennesaw State University.
22:35 - Embracing Failure as a Learning Tool.
23:35 - Understanding Personal Risk Tolerance in Business.
26:04 - Preparing a Business for Sale.
28:55 - Importance of Business Financials and Predictability.
32:50 - Money in the Marketplace Post-COVID.
36:50 - Common Mistakes Before Selling a Business.
40:32 - Importance of Having a Generation 2 Successor.
42:39 - Horror Stories of Unprepared Sellers.
46:00 - The Joy of Helping Clients Exit Successfully.
Episode Resources
Connect with Tom Suvansri
https://perennialpride.com/
https://www.facebook.com/perennialpride/
https://twitter.com/perennialpride
https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
Connect with Lee Heisman
https://www.linkedin.com/company/exitstageleftadvisors/
Call to Action
Schedule a Call with Tom
How to Listen:
Subscribe on Youtube
Listen on Spotify[+] Show More
Highlights
00:00 - Intro
02:08 - The Value of Delayed Gratification.
03:39 - Challenging Conventional Wisdom for Success.
05:50 - Lee Heisman on Defining Personal Success.
06:34 - Transitioning from Physical Therapy to Entrepreneurship.
07:15 - Starting a Printing Business in Atlanta.
09:45 - Selling the Printing Business for New Ventures.
10:56 - The Importance of Resilience and Learning from Failures.
12:29 - Early Business Challenges: Working All Night.
14:39 - Side Hustles Need Full Dedication to Thrive.
16:19 - Balancing Different Types of Employees.
20:04 - Teaching Entrepreneurship at Kennesaw State University.
22:35 - Embracing Failure as a Learning Tool.
23:35 - Understanding Personal Risk Tolerance in Business.
26:04 - Preparing a Business for Sale.
28:55 - Importance of Business Financials and Predictability.
32:50 - Money in the Marketplace Post-COVID.
36:50 - Common Mistakes Before Selling a Business.
40:32 - Importance of Having a Generation 2 Successor.
42:39 - Horror Stories of Unprepared Sellers.
46:00 - The Joy of Helping Clients Exit Successfully.
Episode Resources
Connect with Tom Suvansri
https://perennialpride.com/
https://www.facebook.com/perennialpride/
https://twitter.com/perennialpride
https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
Connect with Lee Heisman
https://www.linkedin.com/company/exitstageleftadvisors/
Call to Action
Schedule a Call with Tom
How to Listen:
Subscribe on Youtube
Listen on Spotify[+] Show More
Asset Protection, Trusts, and Tax Strategies Explained with Alessandra Long
In this final episode with estate ...
In this final episode with estate attorney Alessandra Long, they explore the complexities of asset protection and tax planning. Together, they provide an overview of how to safeguard your wealth ...from risks and taxes, while ensuring a smooth transfer to future generations. They discuss strategies like irrevocable trusts, life insurance trusts, and charitable giving options. Tune in to learn more about protecting your assets and securing your legacy.
Highlights
00:00 - Intro
05:10 - Reduced estate tax exemption impact
09:00 - Revocable vs. Irrevocable trusts overview
11:18 - Irrevocable Life Insurance Trust (ILIT) explained
18:12 - Charitable Lead Trusts vs. Charitable Remainder Trusts
21:00 - Grantor Retained Annuity Trust (GRAT) benefits
Episode Resources
Connect with Tom Suvansri
https://perennialpride.com/
https://www.facebook.com/perennialpride/
https://twitter.com/perennialpride
https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
Connect Alessandra Long
aml@amlonglaw.com
Call to Action
Schedule a Call with Tom
How to Listen:
Subscribe on Youtube
Listen on Spotify[+] Show More
Highlights
00:00 - Intro
05:10 - Reduced estate tax exemption impact
09:00 - Revocable vs. Irrevocable trusts overview
11:18 - Irrevocable Life Insurance Trust (ILIT) explained
18:12 - Charitable Lead Trusts vs. Charitable Remainder Trusts
21:00 - Grantor Retained Annuity Trust (GRAT) benefits
Episode Resources
Connect with Tom Suvansri
https://perennialpride.com/
https://www.facebook.com/perennialpride/
https://twitter.com/perennialpride
https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
Connect Alessandra Long
aml@amlonglaw.com
Call to Action
Schedule a Call with Tom
How to Listen:
Subscribe on Youtube
Listen on Spotify[+] Show More
Powers of Attorney, Healthcare Directives, and Living Wills Explained with Alessandra Long
In this episode of the Perennial Pride ...
In this episode of the Perennial Pride podcast, host Tom Suvansri welcomes back state attorney Alessandra Long for part three of their estate planning series. They dive into crucial topics ...like powers of attorney, healthcare directives, and living wills. Alessandra explains the importance of setting up these documents before a crisis strikes, offering practical advice on how they can protect you and your loved ones. Tune in to learn how to ensure your wishes are respected and avoid the stress of legal complications during tough times.
Highlights
00:00 - Intro
03:08 - Importance of Durable Power of Attorney
06:50 - Springing Power of Attorney Explained
12:30- Short vs. Long Form Power of Attorney
15:10 - Potential Situations for Power of Attorney Use
20:59 - Choosing Agents and Trust Issues
23:19 - Introduction to Health Care Directives
24:40 - Distinction Between Living Will and Last Will
29:10 - Importance of Living Wills in Estate Planning
35:19 - Encouraging Family Discussions on Estate Planning
Episode Resources
Connect with Tom Suvansri
https://perennialpride.com/
https://www.facebook.com/perennialpride/
https://twitter.com/perennialpride
https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
Connect Alessandra Long
aml@amlonglaw.com
Call to Action
Schedule a Call with Tom
How to Listen:
Subscribe on Youtube
Listen on Spotify[+] Show More
Highlights
00:00 - Intro
03:08 - Importance of Durable Power of Attorney
06:50 - Springing Power of Attorney Explained
12:30- Short vs. Long Form Power of Attorney
15:10 - Potential Situations for Power of Attorney Use
20:59 - Choosing Agents and Trust Issues
23:19 - Introduction to Health Care Directives
24:40 - Distinction Between Living Will and Last Will
29:10 - Importance of Living Wills in Estate Planning
35:19 - Encouraging Family Discussions on Estate Planning
Episode Resources
Connect with Tom Suvansri
https://perennialpride.com/
https://www.facebook.com/perennialpride/
https://twitter.com/perennialpride
https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
Connect Alessandra Long
aml@amlonglaw.com
Call to Action
Schedule a Call with Tom
How to Listen:
Subscribe on Youtube
Listen on Spotify[+] Show More
Estate Planning Essentials: Understanding Wills and Trusts with Alessandra Long
In this episode, Tom Suvansri welcomes ...
In this episode, Tom Suvansri welcomes back estate planning expert Alessandra Long for a deep dive into the essentials of wills and trusts. Following their initial discussion on estate planning ...basics, Tom and Alessandra explore the key elements of wills, from the different types to the importance of having one in place, no matter your life stage. They also break down trusts, explaining their purpose, how they can benefit even those without vast wealth, and why funding a trust is crucial. This episode offers practical advice to demystify estate planning, helping listeners understand how to secure their financial legacy.
Highlights
00:00 - Intro
01:50 - Importance of wills and why they matter.
02:44 - Explanation of what a will is and its key components.
04:53 - Types of wills and their specific purposes.
06:31 - Why having a will could simplify estate management.
10:39 - The role of a will in managing the estate of young adults.
11:59 - Misconceptions about the cost of setting up a will.
18:20 - Significance of updating your will as life changes.
21:51 - Common scenarios necessitating a will, including second marriages and special needs
children.
27:16 - The reason behind creating trusts for minor children.
30:31 - Detailed insight into revocable living trusts.
36:34 - Understanding the process and timeline involved in probate.
37:39 - The financial and emotional burden associated with probate.
41:29 - How proper planning can alleviate the probate process.
Episode Resources
Connect with Tom Suvansri
https://perennialpride.com/
https://www.facebook.com/perennialpride/
https://twitter.com/perennialpride
https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
Connect Alessandra Long
aml@amlonglaw.com
Call to Action
Schedule a Call with Tom
How to Listen:
Subscribe on Youtube
Listen on Spotify[+] Show More
Highlights
00:00 - Intro
01:50 - Importance of wills and why they matter.
02:44 - Explanation of what a will is and its key components.
04:53 - Types of wills and their specific purposes.
06:31 - Why having a will could simplify estate management.
10:39 - The role of a will in managing the estate of young adults.
11:59 - Misconceptions about the cost of setting up a will.
18:20 - Significance of updating your will as life changes.
21:51 - Common scenarios necessitating a will, including second marriages and special needs
children.
27:16 - The reason behind creating trusts for minor children.
30:31 - Detailed insight into revocable living trusts.
36:34 - Understanding the process and timeline involved in probate.
37:39 - The financial and emotional burden associated with probate.
41:29 - How proper planning can alleviate the probate process.
Episode Resources
Connect with Tom Suvansri
https://perennialpride.com/
https://www.facebook.com/perennialpride/
https://twitter.com/perennialpride
https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
Connect Alessandra Long
aml@amlonglaw.com
Call to Action
Schedule a Call with Tom
How to Listen:
Subscribe on Youtube
Listen on Spotify[+] Show More
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