Webinar Transcript (6/11/2024): “Marital Miss: The Importance of Planning, Preparing and Protecting for Families Before (and After) a Loved One Marries”
Host: Jonathan I. Shenkman, President & Chief Investment Officer of ParkBridge Wealth Management (Contact: jonathan@parkbridgewealth.com)
Speakers: Lisa S. Presser, Esq. Presser (lisa.presser@faegredrinker.com) and Brian M. Balduzzi, Balduzzi, (brian.balduzzi@faegredrinker.com) both of Faegre Drinker Biddle & Reath LLP
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Jonathan Shenkman: Good morning and welcome to the Park Bridge Wealth Management Spring Webinar Series. This program is entitled Marital Miss. The importance of planning, preparing, and protecting for families before and after a loved one marries, as always. My name is Jonathan Shankman. I'm the president and chief investment officer of Park Bridge. Wealth management. In that role I serve in a fiduciary capacity to help my clients achieve their financial objectives.
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Jonathan Shenkman: The goal of my programs is to bring professionals together to help them better serve their clients. This is done by educating attendees on the latest topics in wealth planning, and by encouraging collaboration between a client's attorney, Cpa. And Financial Advisor, where appropriate
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Jonathan Shenkman: my practice folks. I'm working with high net worth families, businesses, and not for profits. I manage individual investment portfolios, trust accounts, corporate retirement plans, and endowments to help my clients achieve their financial goals.
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Jonathan Shenkman: In addition
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Jonathan Shenkman: to the to the 20 or so events, I run every year, they also do a fair amount of writing on the topics of investing in financial planning, and you create my work in a variety periodicals, including Barron, Cnbc. Forbes, Kiplinger, the Wall Street Journal, and Trust in Estates Magazine to name just a few. You could see all my work on my website at Parkbridge, Wealthcom, forward slash articles or by following me on social media at Jonathan, on money. Additionally, you could check out my weekly, podcast which is also called Jonathan on money, and you could listen that an apple spotify or wherever you get your podcasts.
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Jonathan Shenkman: Today, we're privileged to hear from Lisa presser and Brian Balduzzi, both from a law firm, vaguely drinker based in Philadelphia, Pennsylvania, and Princeton, New Jersey.
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Jonathan Shenkman: Lisa is a partner at the firm where she counsels individuals, corporate fiduciaries with respect to probate manners, trust accountings, and ongoing administration of trust and estates. Her workers in the estate administration area includes postmortem, tax planning, and income tax planning. She grass wills and trust using generation skipping, transfer, tax planning, marital deduction, planning, and other sophisticated tech techniques for the succession of family wealth.
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Jonathan Shenkman: Brian provides comprehensive legal advice to help entrepreneurs, executives, and families fulfill their goals, offering pragmatic, knowledgeable guidance on financial regulation laws and trends.
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Jonathan Shenkman: combining his strong command of trust and estates with his background and tax and investment management. Brian delivers timely and holistic counsel for intergenerational and business succession planning today Lisa and Brian be speaking about marital miss the importance of planning, preparing, and protecting for families before and after a loved one marries, and with that introduction I'll now turn the program over to Lisa and Brian.
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Brian Balduzzi: Thank you, Jonathan, and thank you everyone for coming this morning, or whenever you're listening today.
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Brian Balduzzi: today, we divide our presentation into 3 parts.
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Brian Balduzzi: In looking at planning before a marriage, when you find that a loved one is planning to wed, preparing before the marriage for estate, planning and other tax planning and then protecting during the marriage. The focus, primarily is on estate planning, but there are a number of topics to consider, and it's important to talk with your legal advisors. I hope that this provides
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Brian Balduzzi: in introduction, but not the final discussion on this topic for you. We'll conclude with some next steps today
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Brian Balduzzi: to begin. When we learn that a loved one is planning to wed, there are a number of different considerations, both legal and otherwise, that might come top of mind.
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Brian Balduzzi: One of the 1st considerations that we might look at is.
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Brian Balduzzi: what does our loved one own? Perhaps it is a child or a grandchild that's planning to wed. Perhaps we ourselves are planning to wed, and we may, as we acquire assets prior to a marriage, have
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Brian Balduzzi: earned and accrued and generated a number of items that are deemed to be separate property. But it's important to understand, under
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Brian Balduzzi: the relevant State law, where you are planning to wed, or where your loved one is planning to wed
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Brian Balduzzi: what is deemed to be a marital asset. Looking at the definition of that, and talking with a trusted family advisor, perhaps a family law attorney about what that definition might mean, and what you otherwise own.
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Brian Balduzzi: providing an inventory of what your assets are.
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Brian Balduzzi: as well as the liabilities.
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Brian Balduzzi: You may have accrued some debt.
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Brian Balduzzi: Perhaps there's student loan debt. Perhaps there's a mortgage that is only in one party's name, considering what each party owns and owes.
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Brian Balduzzi: can be important for determining
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Brian Balduzzi: what to plan and what to prepare and what to protect
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Brian Balduzzi: during and before a marriage.
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Brian Balduzzi: The majority of our discussion today, however, is looking at when a loved one is either the current beneficiary of seeking to establish a revocable trust, or has an expectation of a potential inheritance in the future, and protecting that family. Well.
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Brian Balduzzi: that family wealth might be in the form of a business or otherwise, in cash and securities that are passed along during
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Brian Balduzzi: a loved one's lifetime, either before or during
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Brian Balduzzi: a marriage.
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Brian Balduzzi: and therefore it's important as advisors or for you as your own personal family planning to consider what your own financial planning and family circumstances are
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Brian Balduzzi: understanding who has a role in the conversation. Perhaps you yourself are getting married but because of the family circumstances with a family business that parents, grandparents, siblings, might be involved in the conversation for you to wed. Similarly, if you are
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Brian Balduzzi: advising clients
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Brian Balduzzi: on their own children or grandchildren
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Brian Balduzzi: expected inheritance
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Brian Balduzzi: beneficiary of a trust, or the decision to wed, it is important to consider
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Brian Balduzzi: what those assets are that are deemed to be family assets
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Brian Balduzzi: versus assets that can accrue
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Brian Balduzzi: as part of the marriage, and are deemed to be marital property, or that the loved ones wish to deem marital property.
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Brian Balduzzi: I have to make an aside and talk briefly about family businesses, and the participation as such as these can be very important to families, and might be important to you if you are listening in and own a family business, either as 1st generation, founder, or second, 3, rd even 4th generation
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Brian Balduzzi: determining who is participating in this business
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Brian Balduzzi: prior to the marriage
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Brian Balduzzi: or during the marriage, can be an important consideration and conversation to have.
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Brian Balduzzi: as well as considering who can enjoy in the appreciation in the business, who is deemed to have sweat, equity, or even investment equity into the business.
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Brian Balduzzi: and who can be and hold an interest in that business as an owner or a member.
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Brian Balduzzi: All of this is part of our 1st consideration as part of
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Brian Balduzzi: our determination of what is separate property and a marital asset
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Brian Balduzzi: turning our attention next
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Brian Balduzzi: to
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Brian Balduzzi: inherited trust. These are 3rd party trust that are created by
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Brian Balduzzi: someone other than the beneficiary spouse
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Brian Balduzzi: or the other spouse.
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Brian Balduzzi: This could be
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Brian Balduzzi: a parent, a grandparent, a sibling.
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Brian Balduzzi: but that the one of the spouses had a beneficial interest in.
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Brian Balduzzi: We'll also include in this section. Talk about expected inheritance.
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Brian Balduzzi: But it's important to consider
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Brian Balduzzi: before a loved one marries that there's a possibility of divorce. I'm sure we've heard the statistics on the rates of divorce in the United States and worldwide.
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Brian Balduzzi: and it's important for many families to consider
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Brian Balduzzi: when a loved one chooses to marry, that a loved one might choose to be divorced in the future, and what might happen to those marital assets
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Brian Balduzzi: under
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Brian Balduzzi: us and various State laws. They use principles of equitable division.
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Brian Balduzzi: and as part of that inherited assets, at least under New Jersey, New York, and Pennsylvania, which are 3 of the States that I practice in inherited assets generally are excluded as long as they remain in the sole name and control of the inheritor. That beneficiary spouse
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Brian Balduzzi: to the extent they are commingled at some point during the marriage, perhaps in a joint account.
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Brian Balduzzi: or otherwise inadvertently spent by both parties, there might be an argument later upon divorce, that those inheritance.
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Brian Balduzzi: trust distributions, or
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Brian Balduzzi: lifetime gifts from others to the beneficiary spouse are deemed to be a marital asset.
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Brian Balduzzi: one important consideration that Lisa will talk about more in just a minute is
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Brian Balduzzi: the governing law of the state of divorce an absent, a prenuptial agreement. That State law is what we will consider as part of the
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Brian Balduzzi: division of the assets upon divorce, and whether the equilibrium division applies, and what the determination of marital assets is
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Brian Balduzzi: separately
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Brian Balduzzi: from considering the equitable division of the
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Brian Balduzzi: marital assets is the consideration of alimony and spousal maintenance in the context of inherited trust and expected inheritance.
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Brian Balduzzi: And here we look at not only the spouse's control, but also what is the trustees? Discretion in making distribution?
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Brian Balduzzi: It's important to look at the State law governing
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Brian Balduzzi: the state of divorce
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Brian Balduzzi: absent a prenuptial agreement.
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Brian Balduzzi: One case that I'd like to draw your attention to is a recent case for Massachusetts
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Brian Balduzzi: in the fall of 2023.
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Brian Balduzzi: I'll give it a bridge version of the fax. I encourage you to read this case in detail, because it is a departure from other States, and surprise many estate planning, and family law attorneys with the determination of the facts, and the whole day
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Brian Balduzzi: under this case the parties married in Michigan, but divorced in Massachusetts.
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Brian Balduzzi: There was no prenuptial or postnuptial agreement
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Brian Balduzzi: during the party's marriage, and even before the wife's mother had made various gifts to the family and to her daughter.
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Brian Balduzzi: the wife.
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Brian Balduzzi: including establishing an irrevocable trust for the wife's benefit.
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Brian Balduzzi: These substantial lifetime gifts were woven into the marriage and became part of the fabric of the marriage, including allowing the parties to live beyond their income from other sources.
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Brian Balduzzi: The trial judge had reviewed the financial circumstances of the family, and found that the applicable trust, as well as a remainder trust from a grant or retained annuity trust.
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Brian Balduzzi: were deemed to be part of the marriage, and woven into the fabric of the marriage.
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Brian Balduzzi: The wife had appealed the trial court, stating that her interest in the irrevocable trust was deemed to be too speculative to constitute marital property. The irrevocable trust
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Brian Balduzzi: was held for the wife's lifetime, but terminated upon the death of the mother, and the wife argued that the mother's death, the timing of both her death and her mother's death, was too speculative for the Court to include, as a vested interest under
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Brian Balduzzi: Massachusetts law.
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Brian Balduzzi: The wife, however, was the sole beneficiary of this trust.
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Brian Balduzzi: and the trustees could distribute in their discretion income in principle.
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Brian Balduzzi: The trustee could do so in their soul an absolute discretion
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Brian Balduzzi: in what they consider to be the wife's best interest and welfare.
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Brian Balduzzi: The trust could was required, however, to make a mandatory distribution to the wife upon the death of the wife's mother.
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Brian Balduzzi: There was, however, a postponement clause that allowed the trustee upon the mandatory distribution time to also postpone if they felt that it was in the wife's best interest, and gave various scenarios in which it would be
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Brian Balduzzi: the wife's best interest.
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Brian Balduzzi: The court and Jones, B. Jones, Massachusetts Court, held that the mandatory distribution
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Brian Balduzzi: at the death of the wife's mother made the interest quote sufficiently fixed, invested, and this is a standard that Massachusetts used for a marital asset, and therefore it was included as part of a marital asset.
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Brian Balduzzi: even though the trustee could postpone such distribution under those specific circumstances.
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Brian Balduzzi: and even if the
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Brian Balduzzi: wife did not receive such distributions, the trust existed
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Brian Balduzzi: had contributed to the party's higher current standard of living, and should be deemed part of the marriage.
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Brian Balduzzi: The Appeal Court affirmed the Probate Court decision that ultimately divided the marital asset equally, but included the trust assets as part of the marital estate.
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Brian Balduzzi: and assigned the wife's interest in the trust
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Brian Balduzzi: to the wife side of the ledger, and the wife was required to make other equalization payments to the husband over time, from the other assets assigned to her as part of the equitable division of the assets.
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Brian Balduzzi: And so, while this court turned on Massachusetts.
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Brian Balduzzi: quote unquote, unique definition of the marital estate that differs, perhaps, from other estates.
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Brian Balduzzi: The principles, however, could be adopted by other States legislatures, or court, or a party in the future could move to Massachusetts or to another State with a similar definition of marital assets during the marriage.
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Brian Balduzzi: and therefore it's important to consider how we plan before and during a marriage.
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Brian Balduzzi: So one of the 1st steps that we can take
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Brian Balduzzi: is looking at. If this concerns you, perhaps existing third-party trust
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Brian Balduzzi: the terms of these inherited trust.
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Brian Balduzzi: 1st determining whether it is a revocable or an irrevocable trust.
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Brian Balduzzi: and next, considering
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Brian Balduzzi: who holds a power of appointment and the breadth of such power. These are frequently given and beneficiaries might
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Brian Balduzzi: be deemed to be the holder of them, that they can exercise during their lifetime or upon their death, and have various classes of individuals.
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Brian Balduzzi: This all might turn on. How vested and fix the property right is, and
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Brian Balduzzi: whether such interest in the trust will be deemed to be a marital asset.
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Brian Balduzzi: Many State courts have also differentiated between who the beneficiaries of the Trust are
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Brian Balduzzi: seemingly differentiating between trust, for which the spousal beneficiary is the sole beneficiary versus those for which they are deemed to be in a class of beneficiaries, for the Trust.
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Brian Balduzzi: so called pot Trust or family Trust.
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Brian Balduzzi: But it's important to review the terms of the trust to determine who the current
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Brian Balduzzi: income and principal beneficiaries are
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Brian Balduzzi: finally determining
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Brian Balduzzi: who the
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Brian Balduzzi: permissible beneficiaries are, and the terms of distribution
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Brian Balduzzi: in what terms of discretion the trustees might distribute income in principle might be an important consideration for
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Brian Balduzzi: State courts.
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Brian Balduzzi: particularly the family law courts.
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Brian Balduzzi: It's important to note that family law courts
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Brian Balduzzi: different than surrogates and orphans, core or other.
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Brian Balduzzi: State courts that determine
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Brian Balduzzi: trust and a State under State law, and therefore might not be as familiar with this. It's important that we put structures in place and do planning in advance.
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Brian Balduzzi: so that we are not leaving things up as they were in the Jones case to the State courts.
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Brian Balduzzi: With that I'll turn the next portion over to Lisa, in determining how we prepare for marriage.
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Lisa Presser: Thank you, Brian.
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Lisa Presser: So you've met that person. You've fallen in love.
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Lisa Presser: and you're going to get married.
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Lisa Presser: So you're focusing on the wedding.
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Lisa Presser: Where will you live?
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Lisa Presser: What will the venue for the wedding be?
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Lisa Presser: Who will be the band?
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Lisa Presser: What about the decorations? And then, all of a sudden, one of the spouses says.
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Lisa Presser: Wait a minute.
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Lisa Presser: What about a prenuptial agreement?
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Lisa Presser: And that kind of takes this
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Lisa Presser: love excitement into another level? It's
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Lisa Presser: law. It's what if we get divorced. It's lots of
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Lisa Presser: things that you really don't want to think about, but it's important.
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Lisa Presser: Usually, I find clients bring up the prenuptial agreements, even if we haven't yet discussed it with them. In cases of, as Brian had said before, a wealthy family, oftentimes with a family business where they don't want the new spouse to get involved in the family business, or possibly get a distribution in the case of death or divorce.
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Lisa Presser: Another case where people often start to think about it is if it's a second marriage. If you've been married before you've gotten divorced, you've been burned. Maybe the 1st marriage ended in death, not divorce. But you've got children.
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Lisa Presser: So there are many
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Lisa Presser: kind of considerations, and we've got our little block here. Where, you know, should there be a prenuptial. What should the terms be?
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Lisa Presser: Minors and ours? So whose assets are they?
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Lisa Presser: As Brian indicated? There will be some assets that would be considered separate some that would be considered marital, but a prenuptial will lay it out
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Lisa Presser: ages of the partners. If you're very young, and you know you probably have never thought about that
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Lisa Presser: But
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Lisa Presser: as you get older, or if you've got wealthy family, they will
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Lisa Presser: tell you that you should be thinking about this or pushing you to think about it. Blended families! You've got children. You want to take care of your children. You don't want your new spouse coming in and getting money that you otherwise had earmarked for your family
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Lisa Presser: vast differences in net worth. So the poorer spouse would inherit potentially in the case of a divorce or death
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Lisa Presser: interest in family businesses, trusts, or expected inherances and risk of mobility. So
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Lisa Presser: here, when you have a prenuptial agreement, and maybe one of you is living in New York, and one is living in California. The prenuptial agreement can say
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Lisa Presser: New York law will govern California. Law will govern, and you're kind of figuring out right then. And
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Lisa Presser: you
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Lisa Presser: sorry? My!
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Lisa Presser: If you fix the State law that governs at the time your lawyers advise you, and you know the terms. Some families where they didn't want the couple to have to think about a prenup have encouraged their children to create a self settled
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Lisa Presser: trust with their premarital assets in a state like Delaware or South Dakota. Not the subject of this presentation, but that would be a self settle trust in a state that allows it to be kind of beyond the scope of the marriage. So sometimes that is something we have thought about. But many considerations when you're thinking about a prenuptial agreement
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Lisa Presser: estate planning.
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Lisa Presser: So
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Lisa Presser: when a couple
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Lisa Presser: goes into their lawyer to talk about.
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Lisa Presser: what will we be doing in our trust or our will
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Lisa Presser: we say, what do you want to do for your spouse?
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Lisa Presser: Some spouses? Say.
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Lisa Presser: I love my spouse. I want my spouse to get everything, and it's a total I love. You will
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Lisa Presser: so normally, if a spouse
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Lisa Presser: says that we will create an outright provision with disclaimer possibilities, so that the surviving spouse can push back some of the assets into a trust. Other times the spouses will say.
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Lisa Presser: I love you, but I love you, but I want to protect the assets for you, for life, but then for
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Lisa Presser: my children or our children depending, if it's a 1st marriage, second marriage, so we have to think as attorneys and planners about how we're setting this up. And oftentimes we represent both spouses. So the spouses consent to a joint representation, and they come in together, and if that's the case, you have to really
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Lisa Presser: kind of lay it out there for both of them to think about. If we're going to set up a trust, it may be protective to have an independent Co trustee with the surviving spouse, so if the surviving spouse is the sole trustee.
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Lisa Presser: they have some discretion as to when and how to pay the money out to themselves. If there's an independent Co trustee, a friend of the family, a trusted advisor, a bank or a trust company, there would be more regulation and more consideration of, when to distribute or not to distribute.
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Lisa Presser: Oftentimes in a planning situation, we will have the spouse designated as an agent attorney, in fact, under adorable power of attorney, that gives the spouse a lot of flexibility to pay for
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Lisa Presser: family needs to
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Lisa Presser: use the money of the spouse as appropriate, but as the attorney, in fact, sees fit again something to think about, something to consider. I love you very much, or my spouse today, but 5 years from now you may not be my spouse, and I still want to make sure to protect my own children, my family, whoever
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Lisa Presser: you may want to create separate, irrevocable trusts for the benefit of other family members. So yes, I've got my spouse. I'm taking care of my spouse. But I have money. I want to set up irrevocable trust for my children, for my grandchildren. That's another way to move money out of the marital estate to others, that you may love or want to benefit
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Lisa Presser: also should review
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Lisa Presser: the beneficiary designations on qualified plan benefits and life insurance, because that can skew what happens
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Lisa Presser: during the marriage after the marriage and at death.
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Lisa Presser: Now, sometimes in a prenuptial agreement, we will provide what happens on the case of divorce. I think we always provide what happens in the case of divorce, because that's why the spouse is really coming. But sometimes we also want to provide what happens on death.
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Lisa Presser: So most states have a spousal elective share. And we're gonna just highlight 3 states that we practice in in Pennsylvania.
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Lisa Presser: The spouse is entitled to in the absence of a prenup.
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Lisa Presser: 1 3rd of the decedent spouse's property
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Lisa Presser: other than expressly waived by the surviving spouse.
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Lisa Presser: or exercise of power, of appointments. But again, a prenup can cover what happens on death, and can say.
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Lisa Presser: if I die, my spouse shall be entitled to
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Lisa Presser: no less than a hundred $1,000, 1 10th of the estate or nothing.
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Lisa Presser: and again, valid prenup can protect against the inheritance. New York.
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Lisa Presser: the surviving spouse is entitled to 1 3rd of the decedents estate. If there are issue
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Lisa Presser: of the deceit.
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Lisa Presser: and if none one half of the net estate.
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Lisa Presser: New Jersey is a little interesting New Jersey provides. A surviving spouse, is entitled to 1 3rd of the augmented estate, and the augmented estate brings back certain lifetime transfers.
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Lisa Presser: and the spouse can defeat the 1 3rd outright by doing a trust of double that or 2 thirds, so create a trust. 2 thirds of the augmented estate goes in, and maybe you only provide for income to the spouse. So each spouse has their own elective share. But if you've got a valid prenup, then you can wave
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Lisa Presser: the elective share rights.
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Lisa Presser: So that's something else to think about
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Lisa Presser: during the marriage. So now you're married, you're in love. Everything is going great.
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Lisa Presser: But you've got family members that want to take care of you.
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Lisa Presser: but they don't necessarily want to take care of your future ex spouse.
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Lisa Presser: So we want to make sure that the family trusts are created in such a way
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Lisa Presser: that your spouse will not be entitled to a portion or to a distribution in the case of divorce.
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Lisa Presser: purely discretionary trust.
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Lisa Presser: just total discretion. And, as Brian said, maybe it's a sprinkle trust with other people involved.
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Lisa Presser: a provision that says
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Lisa Presser: principal distributions may
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Lisa Presser: be made.
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Lisa Presser: but not required to be made to my child.
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Lisa Presser: rather than the trustee shall distribute to my child what is needed for health, maintenance, and support
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Lisa Presser: discretionary over ascertainable. So support. You can kind of say what is support. It's
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Lisa Presser: it's health, it's housing, it's food.
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Lisa Presser: but discretionary is, as the trustee shall see fit may see fit.
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Lisa Presser: totally discretionary
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Lisa Presser: settler's intent is important, so the settler may say. I intend for this to be used for luxuries for my child
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Lisa Presser: again very important to be intentional and to have language that is very discretionary. No mandatory distribution
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Lisa Presser: we often say, do a dynasty trust a lifetime trust rather than saying, when my daughter attains age 30, she shall get 1, 3, rd 35,
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Lisa Presser: half of the balance, and 40. It goes out right well, then it becomes hers, and if she's got a spouse who says I love you, honey, let's put it in joint names. We blend everything. Let's buy that Beach House. Well, you know you buy the Beach house, you put it in joint names. And now what? Now? It's a marital asset and not a separate asset.
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Lisa Presser: So be very intentional when you're creating trust for your children or your grandchildren. Think about the rights of of
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Lisa Presser: future expense, and it's better to give your child a limited power of appointment, whether it's a lifetime or a testamentary rather than a general power. A limited power may say, you may give such amounts as you see fit to
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Lisa Presser: your children
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Lisa Presser: or to your siblings and their children, but it stays within the family rather than being allowed to be paid to a spouse. Sometimes people look at me like I'm crazy, and they say.
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Lisa Presser: Well, if that's the person they chose, and they're in love with. Well, I want them to be able to appoint to them. And if that's the case, then it's okay.
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Lisa Presser: I see that we're getting to the head of the hour, and I don't know, Jonathan, how strict we are. So I'm gonna kind of run through a planning technique slats spouse a lifetime access. Trust that we often recommend for our clients, especially now, with very, very large exemptions that may sunset in a very short time. We often advise clients to create a trust for spouse and descendants.
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Lisa Presser: so that
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Lisa Presser: the couple can get back at the assets if they need them. But they're actually a completed gift, and out of the estate we have to be careful how we define spouse, because if there's a divorce.
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Lisa Presser: Brian introduced me to the concept of a floating spouse, I thought that was kind of interesting it means, whoever my spouse may be at the time.
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Lisa Presser: But a spa, a slat is a grant or trust when you create it, and it even remains as such. If you divorce the spouse for whom you have created the interest, it stays
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Lisa Presser: a grant or trust. So perhaps we put in language that allows us to decant or modify into a new trust. Next steps review existing trusts, consider language for future trusts, think about prenuptial agreements as hard as it is to raise the issue, memorialize understandings and agreement.
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Lisa Presser: careful planning. Make sure you have the right State law governing
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Lisa Presser: estate planners should review
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Lisa Presser: your estate, planning before and after the marriage, and also
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Lisa Presser: the parents and grandparents who are taking care of you in their documents. Their documents should be reviewed
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Lisa Presser: to think about family goals and the slats are an option. But we worry about divorce
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Lisa Presser: once we create the slack.
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Lisa Presser: So lots to think about. I know we've crammed a lot into a half hour. But we are available for calls emails, and you've got our contact info in the handout.
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Jonathan Shenkman: Great. Thank you so much, Lisa and Brian. And if anyone has any specific questions, new business opportunities, or any other issues, they'd like to discuss. Please feel free to reach out directly to Lisa, Brian or myself, where appropriate, and I'll also be sure to include their contact information in the follow up email to this program. And, as I said, at the onset the goal, these programs stay up to date and timely wealth management related topics, and to collaborate where appropriate.
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Jonathan Shenkman: I think we could all agree that the clients were best prepared are the ones that are served by team of knowledgeable advisors. 3 more quick items before I let you go first.st My Spring Webinar series continues on June 27, th on the topic of children on money, timeless strategies to transmit to the next generation, generation. Featuring yours truly, Jonathan, I. Shankman, president and chief investment Officer, Park Ridge wealth management, and I'll send out an invitation to this program in the coming days.
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Jonathan Shenkman: In the meantime, if you have a friend, colleague, or client who like to be notified of my upcoming webinars. They can email me with the word webinar and the subject line. And I'll add them to my Webinar distribution list. My email is Jonathan at Parkbridge Wealth Com. Second, you could follow all my work on X and Instagram at Jonathan. Omoney. You could listen to my weekly, podcast also called Jonathan money, which is available on apple spotify or wherever you get your podcast and you watch my new daily financial planning videos
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Jonathan Shenkman: on Youtube. And that's at Jonathan, on money as well. And 3, rd please take 30 seconds to fill out my survey at the end of this program, and hopefully improve my webinars and provide timely and interesting content to attendees. I thank you in advance for that. And with that this concludes today's session. Please stay safe and healthy and have a wonderful day. Everybody.