Jeffs guest is Matt Halperin, the founder of Backstay Digital, an innovative company specializing in website design and development along with cross-platform solutions. On the cross-platform side, Backstay Digital works with clients to develop apps and build minimal viable products that attract investors.  The team also works with a wide range of companies to create user-friendly websites and apps that capture the value of the clients services. The firms sweet spot is building solution-based websites for those in professional service areas (e.g., doctors, lawyers, and accountants).  Whether its creating better customer experiences or streamlining processes, Backstay Digital provides its clients with a strong online presence and creative solutions to todays real-world business problems. Learn more at https://backstaydigital.com/. Don't forget to Follow, Like, and Subscribe for upcoming podcast episodes: Apple: https://podcasts.apple.com/us/podcast/backstay-digital-providing-practical-solutions-that/id1634278675?i=1000626287058 YouTube: https://youtu.be/ZfYec6Vc_HI Spotify: https://open.spotify.com/episode/1ck2ZfPhDyEgfOtJQoGSuz?si=tgAprv6iRNejyxpx2_wV8g

There are four ways to transfer assets to your loved ones: joint ownership, sole ownership, sole ownership with beneficiary designations, and via a trust. Depending on your situation, you could use one or more of these methods. It is vitally important, however, that you treat the four methods as related elements in an overarching estate plan.  Jeff takes you through the proper use cases and tax implications of each wealth transfer method. He issues a reminder that family members with special needs require unique consideration within the overall estate plan. And, he encourages you to review your legal and financial arrangements to ensure that they are well coordinated and aligned with your long-term goals.Don't forget to Follow, Like, and Subscribe for upcoming podcast episodes: Apple: https://podcasts.apple.com/us/podcast/mastering-wealth-transfer-coordinate-your-assets-for/id1634278675?i=1000625510053 YouTube: https://youtu.be/cu4k69D_iRA Spotify: https://open.spotify.com/episode/0sIs3YeTTOVZm8hfj0q9zo?si=Q95FXdRjSce9frvl56XGWA

Episode 55. The Smart Move: Protect Your Biggest Asset by Placing Your Home in a TrustRegardless of your financial situation, putting your home in an asset protection trust provides unparalleled benefitsit safeguards the wealth in your home, anticipates future healthcare needs, and minimizes taxation. Placing your home in a trust is not just a smart financial move, it provides you with the sense of security that comes with continued control and ownership of your home.Estate tax planning trusts were used more when tax rates were much higher. But today, it makes more sense to use an asset protection trust. An asset protection trust that satisfies the look-back period ensures you wont lose the home to creditors, reduces capital gains tax, and provides your children and grandchildren with greater inherited wealth.Don't forget to Follow, Like, and Subscribe for upcoming podcast episodes: Apple: https://podcasts.apple.com/us/podcast/the-smart-move-protect-your-biggest-asset-by-placing/id1634278675?i=1000624726087 YouTube: https://youtu.be/rxD-hiL1dVo Spotify: https://open.spotify.com/episode/4LKIZs6vpCr5J0UECEMPLb?si=4davi1pgQY6KbRg6oWzjXg