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 Contact@GeorgeGrombacher.com.
George Grombacher
Lifeblood Host
Amanda Peck
Guest
More Episodes
Overcoming Adversity: How to Stay Ready
Do you remember the song “Lions and Tigers and Bears! Oh My!” from The Wizard of OZ? The grown up version of that is “Covid, inflation, recession and cancer! Oh my!” It’s not as fun. Adversity is one of life’s realities. Some of them, like winter, we can prepare...
Are You Succeeding at Life? A Three-Step Process for Doing It
How’s life going? Are you succeeding? Is everything going as planned? Do you know? I figured something out a couple of years ago, and while it’s obvious, it’s also profound. Are you ready? The only way to live how you want is to know how you want to...
What’s the Story of My Life?
Have you ever asked yourself, “What’s the story of my life?” Have you asked “What am I capable of and what could I be?” If you worked harder, accepted personal responsibility and took ownership for everything in your life, good and bad, what would your...
Get Better Today: How to Become More Resilient
Why do we wait to do important things? Do we think there’s someone more capable or more qualified who should, or will, be fixing the problem? Do we wait because the timing isn’t right? Once things settle down at work, then I’ll do it. Once the kids are out of...
Question Everything: How to Reexamine what You’re Doing
As a society, we’re asking questions. In fact, we’re questioning everything. We’re questioning why and where we work the ways we do? Why are we educating our kids the way we are? Why do we police our communities the way we do? There’s no topic or area of life...
Reexamine Everything: Why Are You Doing What You’re Doing?
Are you living how you want? Here’s some truth: The only way to live how you want, is to know how you want to live. I know I haven’t always been in the habit of, or had the headspace to reexamine everything, meaning my life. If COVID had a silver lining,...
Solving the Money Problem: Retirement Income Planning
There was a time when retirement was straightforward. You worked for the same company for 30 years, had a retirement party, then rode off into the sunset with a gold watch, a pension, and Social Security. Not so much today. In fact, it might be the...
Solving the Money Problem: Active Portfolio Management
I’m writing this on June 20th, 2022. We’re coming off one of the greatest bull market runs of all time, and entering a potentially new era of investing. As you try and successfully navigate your financial future, and work on solving the ever-present money...
Solving the Money Problem: The Value of Input
I’m constantly trying to get better. Living a happy and healthy life is a top priority, as is helping you do the same. Solving the money problem is where I spend most of my time and attention. I recognize people need different things at different times of...
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!