Lynne Shelton joins Nicole and Joel to talk about Wills, Trusts, and Estate planning. What is the difference between each of these? How do we make sure our wishes are legally binding? What are the costs of Wills and trusts? 

These are all questions we should all be asking regardless of our age. It is important to make sure that our wishes are granted if we become incapacitated or if we pass away. Lynne helps make everything easy. You will enjoy this episode. 

Highlights:

{01:30 } What is an estate planning and who should do it

{02:39 } Communication between family members

{05:20 } How to make sure your wishes are legally binding.

{10:34 } The types of wills

{13:00 } The cost of a will

{17:10 } Taxes and Wills

{18:37 } What is a trust?

{28:00 } Can non-family members approve expenditures.

{29:48 } Pulling assets out of a trust.

{32:00 } How to set up a trust.

{38:10 } Life insurance policies and Trusts

{43:30 } Healthcare directives

Lynne D. Shelton Bio:

Speaking to both Franchisors and Franchisees on an international stage, and logging over 30 years in the industry, Lynne utilizes her current Franchisor knowledge, plus the past 783 unit franchise system experience to teach those who want to “Expand Your Brand”® by franchising their business or buying a franchise. She has authored many articles and a book, “How to Buy a Franchise with Your Retirement Funds.” She earned the elite title of Certified Franchise Executive (“CFE”) from the International Franchise Association in 2013 and was admitted as a Franchise Expert Witness during a large 2018 franchise court case.

Links:

Phone: 512-535-0090

Website: https://sla.law