Michael Wild | What Happens with My Money & Assets When I Die? #31

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🛡️ Host Danny Rosenberg sits down with esteemed attorney Michael Wild, managing partner of WFP Law, to explore the vital world of estate planning, asset protection, and probate. Drawing from years of experience, Michael shares compelling stories and practical wisdom on how to protect what matters most—your family, assets, & peace of mind. From debunking common myths about wills & trusts to navigating complex scenarios like business ownership & high-stakes litigation, this conversation blends emotional depth with logical strategies to empower listeners to build a secure future. Whether you're a business owner, parent, or simply planning ahead, discover how proactive steps today can create lasting security & harmony for generations.

Timestamps
00:00:00 - 🎙️ Welcome
00:00:35 - 📜 Michael's Journey into Estate Planning
00:01 - 💼 The Entrepreneurial Mindset in Law
00:03 - 📖 Breaking Down Wills & Trusts
00:07 - ⚖️ Understanding Probate & Its Pitfalls
00:09 - 🛡️ The Power of Revocable Trusts
00:11 - 👨‍👩‍👧‍👦 - Protecting Against Contests & Illegitimate Claims
00:12 - 🔒 - Funding Your Trust Effectively
00:13 - ✍️ - Common Misconceptions & DIY Pitfalls
00:16 - 🧠 - Customizing Trusts for Unique Needs
00:19 - 👪 - Age Restrictions & Dynasty Protections
00:22 - 🔄 - Revocable vs. Irrevocable Trusts
00:24 - 💰 - Navigating Estate Tax Exemptions
00:28 - 🏠 - Trusts for Modest Estates
00:30 - ⚠️ - Asset Protection for Business Owners
00:33 - 🚌 - Real-World Asset Protection Stories
00:35 - 📑 - Building a Strong Business Foundation
00:36 - 🔄 - Handling Transfers After a Judgment
00:39 - 🤖 - AI's Role in Legal Planning
00:42 - 👋 - Closing Thoughts

What one step from this episode could you take today to better protect your family's future?

Visit WFP Law, PA: https://wfplaw.com

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