What Really Drives Your Estate Plan? Capital Gains, Residency & Trust Strategies

In Part 1 of this in‑depth conversation, Chris Boyd and estate planning attorney F. Keats Boyd III explore the real drivers of an effective estate plan — beyond the basics and far past what most families consider. Topics include:

• Why most estate plans are outdated long before people realize
• How step‑up in basis really works (and why families lose hundreds of thousands by structuring things incorrectly)
• Joint trusts vs. individual trusts — and why traditional planning often fails today
• Residency choices (MA vs. FL) and the tax implications, including:
• • Estate tax thresholds
  • Capital gains considerations
  • Required steps for changing domicile
• How the SECURE Act changed IRA planning and why most trusts created before it need updates
• Why "funding the trust" is the #1 reason estate plans fail

If you own real estate, have retirement accounts, or haven't updated your estate plan in years, this episode provides essential insights. #EstatePlanning #FinancialPlanning #WealthManagement #TrustsAndEstates #TaxPlanning #ResidencyPlanning #MAEstateTax #FloridaResidency #IRAPlanning #TrustFunding #smwcb