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
7 Prioritization Tips for Better Time Management
A big part of prioritization is proactively making decisions about what’s important and should be paid attention to, as well as what is unimportant and should be avoided. It’s knowing the highest and best use of your time, and working to spend as much time as...
Best to Leave the Stones Where They Are
Here’s the problem; we don’t know what’s in one another’s hearts. I don’t know your true intentions and you don’t know mine. Therefore, I can choose to believe you, or not. We live in a time when people scour the internet to find a single world (written or...
Defined Contribution Fundamentals: 3 Key Areas
Defined contribution plans are a great place to save for retirement. In fact, it’s what they’re designed for. Different types of defined contribution plans are plans that receive special tax treatment from the IRS to incentivize people to save money for the long-term....
How to Change Your Mind
Is it better to be open or closed-minded? Would you rather be constantly learning, or stuck in your ways? The answer seems obvious, but we don’t act like it. Instead, we seem to have settled and dug into our positions, and have become aggressively...
How to Check In with Yourself to Avoid Self-Sabotaging Behavior
We all have the ability to “power through” things. To put our heads down and do what needs to be done, in spite of being exhausted, burned-out, or not feeling like it. And, we all do it. Besides, what choice do we have? All the things still need to get...
Understanding Disability Insurance
We spend a lot of money protecting things. There’s life insurance to protect our loves should something happen to us. Health insurance pays for the cost (or some of the cost) of medical care. Long term care insurance pays for skilled care should we need it when...
Understanding Car Insurance
Car accidents happen. We don’t cause them on purpose, which is why they’re called accidents. Being in a car accident can be a surreal and life-threatening experience. Hopefully, should you ever be involved in one, the only damage will be to the car. ...
Understanding House Insurance
It probably won’t surprise you that Ben Franklin was the Founder of the first home owners insurance company in the United States. His company, Philadelphia Contributionship for the Insurance of Houses from Loss by Fire was formed in 1752. For a long time,...
Understanding Umbrella Liability Insurance
Don’t I already have insurance that covers this? Probably. Your homeowners insurance and auto insurance commonly provide coverage for personal liability. But is it enough? That’s the key question I hope to help you answer. Understanding...
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!