When Family Matters Become Legal Matters

Understanding Trusts and Wills: Choosing the Right Foundation for Your Estate Plan

Episode Summary:
In this episode, host Kevin Rosenquist and estate planning expert Betsy Holten dive deep into the differences between wills and trusts. They explore the benefits of different types of trusts, their applications for special needs planning, and how to protect family assets. Betsy shares personal insights from her experience with special needs planning and provides valuable information about trust funding and estate protection.
 
Key Timestamps:
00:01 - Show Introduction
00:38 - Basic differences between wills and trusts
04:12 - How to determine if you need a trust
09:26 - Trusts for families with special needs dependents
13:56 - Explaining revocable vs. irrevocable trusts
16:36 - How to get started with trust planning
 
About the Show:
"When Family Matters Become Legal Matters" helps listeners navigate the legal steps needed to protect their family, future, and legacy. The show features practical advice and trusted strategies from legal experts to simplify complex legal issues.

Why Every Family Needs an Estate Plan: Protecting Your Loved Ones and Your Legacy

Episode Summary:
In this debut episode, host Kevin Rosenquist and estate planning expert Betsy Holton discuss the fundamentals of estate planning and why it's crucial for every family, regardless of wealth status. They break down common misconceptions about estate planning, explain the differences between wills and trusts, and outline the essential documents needed for a comprehensive estate plan.
 
Key Timestamps:
00:06 - Show introduction and welcome
01:06 - Definition of an estate plan
01:59 - Why estate planning isn't just for wealthy people
04:03 - Essential documents in an estate plan
06:17 - Differences between wills and trusts
09:17 - Estate planning as an act of love for beneficiaries
11:01 - Common misconceptions about estate planning
12:58 - What happens when someone dies without an estate plan
14:28 - Digital assets and legacy planning
16:28 - How to get started with estate planning
 
About the Show:
"When Family Matters Become Legal Matters" helps listeners navigate the legal steps needed to protect their family, future, and legacy. Hosted by Kevin Rosenquist and featuring expert insights from Betsy Holton, founder of Holton Law Group.