Understanding Trusts with Amanda Peck
Think trusts and estate planning fare just for the ultra wealthy? Amanda Peck talks about why that’s not the case, and how ordinary folks can easily access and benefit from using them!
Listen to us On
About the Episode
LifeBlood: We talked about the realities of trusts in America and how they are only for the most affluent people. How estate planning and the use of trusts can create a sense of organization around family matters and what you’d like to have happen when you’re gone.
We discussed the dangers of leaving assets to children outright and how to think and approach that process, the value of having a third party in charge of administering trusts due to the complexity of legal and accounting considerations, as well as the interpersonal stress that money can cause.
We talked about the reality that money changes behaviors and even though relationships are solid now, it doesn’t guarantee they will remain that way when you’re gone.
How Covid has taught us the need to control whatever controllables we have, and reminded us of our mortality, and how proper planning can give us peace of mind, which is of immense value, and what the estate planning and trust process actually looks like with Amanda Peck, the Director of Inside Sales at Independent Trust Company of America, a national leader in trust services on a mission to provide a space where families can be protected and cared for.
Listen to learn why trusts and estate planning are not just for the ultra wealthy, and how ordinary folks can easily access and benefit from them!
For the Difference Making Tip, scan ahead to 16:37!
You can learn more about Amanda at IndependentTrust.com and LinkedIn.
Thanks, as always for listening! If you got some value and enjoyed the show, please leave us a review wherever you listen and subscribe as well.
You can learn more about us at MoneyAlignmentAcademy.com, Twitter, LinkedIn, Instagram, Pinterest, YouTube and Facebook or you’d like to be a guest on the show, contact George at [email protected].
George Grombacher
Lifeblood Host
Amanda Peck
Guest
More Episodes
How to Overcome Market Risk in Retirement Using Annuities
Retirement should be a time of peace and freedom—not stress and financial uncertainty. But for many retirees, one major concern threatens that vision: market risk. The fear of a stock market downturn wiping out years of hard-earned savings can keep even the most...
How to Set Up Your Retirement Budget and Create Guaranteed Income with a Fixed Annuity
One of the most important steps to enjoying a stress-free and financially secure retirement is having a well-planned retirement budget — and making sure that budget is supported by reliable, guaranteed income. While investment accounts can offer growth, they also...
How to Make Sure You Don’t Outlive Your Retirement Nest Egg — With the Help of Annuities
One of the biggest fears facing retirees today isn’t boredom, health issues, or even the rising cost of living. It’s the fear of outliving their money. And it's a valid concern. With people living longer, markets remaining unpredictable, and inflation eating away at...
How to Have an Anxiety-Free Retirement Using Budgeting and Annuities
Retirement should be a time to relax, explore your passions, and enjoy the life you've worked so hard to build. But for many retirees, financial anxiety can cast a long shadow over those golden years. One of the most effective ways to manage this anxiety is through...
How to Manage Financial Uncertainty and Anxiety in Retirement Using Annuities
Retirement is meant to be a time of relaxation, freedom, and enjoyment. But for many retirees, it can also bring anxiety and uncertainty—especially about finances. Concerns about outliving savings, market volatility, rising costs, and unpredictable healthcare expenses...
How to Handle Inflation on a Fixed Income in Retirement
Inflation is one of the biggest threats to a comfortable and sustainable retirement. As prices for everyday goods and services increase over time, the purchasing power of your money decreases. For retirees living on a fixed income, this can be especially challenging....
Finding Safety in Retirement with Annuities
Planning for retirement is one of the most significant financial journeys a person takes. While retirement is often envisioned as a time of relaxation and enjoyment, many people face the looming question: "Will my money last?" With market volatility, rising healthcare...
Using Annuities to Overcome the Fear of Spending Too Much in Retirement
One of the biggest concerns for retirees is striking the right balance between enjoying their savings and making sure they don’t run out of money. The fear of spending too much too soon can lead to financial anxiety, limiting a retiree’s ability to fully enjoy their...
Why Investors Choose Annuities for Secure Retirement Income
Planning for retirement is one of the most critical financial decisions a person will make. With concerns about market volatility, longevity, and sustainable income, many investors turn to annuities as a solution for secure retirement income. But what makes annuities...
Join the show.
Interested in being on the show? Tell me a little bit more about you and what you’d like to talk about!