Waiting until something goes wrong is the most expensive way to test your estate plan. Listen in as we walk high net worth Floridians through what it really takes to protect what they’ve built.
We unpack why a basic will and power of attorney package often falls short once you own a business, rental properties, or a large retirement portfolio, and why an unfunded revocable trust can be just as dangerous as having no trust at all. You’ll hear how Florida probate costs are calculated, how homestead rules and tenancy by the entirety work, and where those statutory protections quietly run out.
We also explore how asset protection and estate planning should be built together, using LLCs, trusts, and tax-aware strategies to manage liability, federal estate tax exposure, and inherited retirement accounts under the SECURE Act. Listeners come away knowing when to review their plan, which life events demand changes, and next steps to create a plan that actually works when life gets complicated.
In this episode, you will hear:
- Why basic will-based plans fail high net worth families in Florida
- The cost of probate and the risk of unfunded revocable trusts
- How homestead, tenancy by the entirety, and retirement accounts really protect assets
- Using LLCs and trusts together for estate planning and asset protection
- Planning for federal estate tax and stepped-up basis with growing wealth
- Secure Act rules for inherited IRAs and when to use conduit vs accumulation trusts
- Life and wealth events that should trigger an immediate estate plan review
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