What really happens to your money, property, and loved ones when you die—and how much could it cost them if you don’t plan properly? In this episode, estate planning attorney Tammi Caress breaks down why revocable trusts are one of the most powerful (and misunderstood) tools in estate and tax planning. She explains what a trust actually does, how it functions like a will, who benefits from it, and why avoiding probate can save your family significant time, stress, and money.
Listen in to learn why probate is so expensive, the biggest financial mistakes people make when they pass away, and how unpaid taxes can leave a serious burden behind. Tammi also walks us through estate taxes, gifting strategies, charitable giving, and what to consider when moving between jurisdictions—all with practical examples that make complex topics easier to understand.
What You’ll Learn In Today’s Episode:
- What a revocable trust actually does.
- How trusts compare to wills.
- Why probate takes so long.
- The true cost of probate.
- Common estate tax mistakes.
- How estate taxes really work.
- What happens if taxes aren’t filed.
- How gifting affects estate taxes.
- Why charitable giving can reduce taxes.
- What to consider when changing jurisdictions.
Ideas Worth Sharing:
Resources In Today’s Episode:
- Tammi Caress: LinkedIn | Website
- APM Success YouTube
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