Latest / Go News To Go: More Good News / SUNDAY LIVE # 1 BEST SELLING AUTHOR ANN- MARGARET CARROZZA ON WOR 710 AT 10:30AM, CALL IN DISCUSSING PROTECTING YOUR ASSETS...

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SUNDAY LIVE # 1 BEST SELLING AUTHOR ANN- MARGARET CARROZZA ON WOR 710 AT 10:30AM, CALL IN DISCUSSING PROTECTING YOUR ASSETS... · Go News To Go: More Good News

• 0:04
  Speaker 1: Hello, and welcome to the Laws of your Money.
• 0:08
  Speaker 2: This is a show dedicated to protecting you from legal
• 0:13
  Speaker 2: and financial mayhem.
• 0:17
  Speaker 1: I believe the.
• 0:18
  Speaker 2: Most important elements of personal finance are legal protections, because
• 0:25
  Speaker 2: what does it matter how diligently I save and invest
• 0:29
  Speaker 2: if there's a greater than forty percent chance of losing
• 0:34
  Speaker 2: significant assets to a long term illness?
• 0:38
  Speaker 1: Taxes?
• 0:39
  Speaker 2: This can be capital gains taxes, estate taxes, an expensive breakup,
• 0:46
  Speaker 2: or ordinary lawsuits. Folks, we are living in the most
• 0:52
  Speaker 2: litigious society that the world has ever seen. There are
• 1:00
  Speaker 2: thousands of laws out there to protect you from evil doers,
• 1:06
  Speaker 2: but only if you learn about them and implement them
• 1:11
  Speaker 2: and protect yourselves. We're gonna dig into many of these
• 1:16
  Speaker 2: topics today. I am and Margaret Carosa, joined today again
• 1:23
  Speaker 2: by my esteemed colleague and guest co host, the Reverend
• 1:27
  Speaker 2: Paul Slackus. Welcome back to the program, Paul, Thank you
• 1:32
  Speaker 2: for being here. So I want to start today by
• 1:38
  Speaker 2: talking a little bit about the basics. You know, because
• 1:42
  Speaker 2: on the show every week, Paul, we use terminology that
• 1:47
  Speaker 2: may not be crystal clear to everyone.
• 1:51
  Speaker 1: So let's go back a little bit and.
• 1:53
  Speaker 2: Talk about what are the fundamental building blocks when it
• 2:00
  Speaker 2: comes to legal documents and legal structures that all of
• 2:05
  Speaker 2: us should have in place, and I think the number
• 2:09
  Speaker 2: one is a healthcare proxy. With the healthcare Proxy document
• 2:17
  Speaker 2: in all fifty states, I can appoint another person to
• 2:23
  Speaker 2: speak for me in a hospital setting if I can't
• 2:28
  Speaker 2: communicate myself.
• 2:30
  Speaker 1: I do not believe.
• 2:32
  Speaker 2: I've said this before that you need an attorney to
• 2:34
  Speaker 2: do a healthcare proxy. It's designed to be a DIY document.
• 2:40
  Speaker 2: You're free to go onto my website, download it, print it,
• 2:44
  Speaker 2: make it your own, and the website is my lawyer
• 2:49
  Speaker 2: and dot com.
• 2:52
  Speaker 1: Okay, that's your healthcare proxy.
• 2:54
  Speaker 2: I would say there's only one possible mistake that someone
• 2:59
  Speaker 2: can make when filled this out, and that is you
• 3:03
  Speaker 2: cannot have two agents at the same time. So I
• 3:09
  Speaker 2: can't say that my sons Billy and Danny are my
• 3:14
  Speaker 2: joint health care proxy agent.
• 3:18
  Speaker 1: That's a no go.
• 3:19
  Speaker 2: I think, you know, the medical professionals in a hospital
• 3:23
  Speaker 2: setting want to know with clarity and certainty, who is
• 3:28
  Speaker 2: the person that.
• 3:29
  Speaker 1: They should be taking directions from.
• 3:32
  Speaker 2: I think it's super important with the healthcare proxy put
• 3:35
  Speaker 2: the cell phone number of your agent on the document,
• 3:39
  Speaker 2: and then with your phone snap a picture of it
• 3:43
  Speaker 2: and text that picture to your healthcare proxy agent, because
• 3:48
  Speaker 2: even if they lived close by, they may not be
• 3:51
  Speaker 2: in the emergency room with you at two am on
• 3:55
  Speaker 2: some given evening.
• 3:57
  Speaker 3: What would be some of the things you'd want to
• 3:59
  Speaker 3: see in person enough for you to say this person
• 4:03
  Speaker 3: should do it.
• 4:04
  Speaker 2: Well, that's a very good question, you know, and it's
• 4:07
  Speaker 2: going to be different for everyone with the health care proxy.
• 4:13
  Speaker 2: I may not necessarily be picking the person I love
• 4:17
  Speaker 2: the most right if I know that I'm putting an
• 4:21
  Speaker 2: undue burden on them if they don't have the emotional
• 4:26
  Speaker 2: wherewithal to possibly make a tough decision. So I think,
• 4:32
  Speaker 2: you know, I have some clients and we talk it
• 4:35
  Speaker 2: through and they opt for having no health care proxy
• 4:41
  Speaker 2: in place, with the idea, let the medical team make
• 4:46
  Speaker 2: their best efforts and their best decisions, so that none
• 4:51
  Speaker 2: of my children, so my spouse, or my sister or
• 4:55
  Speaker 2: my parents, don't have the weight of that responsibility.
• 4:59
  Speaker 1: But it depends on the cast of characters.
• 5:02
  Speaker 3: So you don't this is a mandatory to do a
• 5:05
  Speaker 3: healthcare proxy, not at all. This is interesting.
• 5:08
  Speaker 2: If you have someone that you wish to give this
• 5:13
  Speaker 2: smart decision too, then definitely do it. Otherwise it will
• 5:18
  Speaker 2: be the medical team making their own decisions. The other
• 5:22
  Speaker 2: healthcare advanced directive that a lot of folks use interchangeably
• 5:28
  Speaker 2: with health care proxy, but it's very different, is a
• 5:32
  Speaker 2: living will.
• 5:33
  Speaker 1: A living will is.
• 5:35
  Speaker 2: Where the micromanager in me can come out and I
• 5:40
  Speaker 2: set forth all of the things I want and don't
• 5:44
  Speaker 2: want later in life. So, if you have strong feelings
• 5:49
  Speaker 2: about no heroic measures being implemented, the language I have
• 5:56
  Speaker 2: in my healthcare my living will rather see I conflated
• 6:00
  Speaker 2: the two for a moment. The language I have in
• 6:04
  Speaker 2: my document that you can see on my website is
• 6:09
  Speaker 2: if a given procedure will only have the effect of
• 6:14
  Speaker 2: prolonging my dying process, I direct that it be withheld
• 6:21
  Speaker 2: or withdrawn as the case.
• 6:23
  Speaker 1: Maybe.
• 6:24
  Speaker 2: However, I do want maximum pain relief, and it's very
• 6:29
  Speaker 2: important to put that language in there, because you might
• 6:33
  Speaker 2: have a medical provider a little reluctant to give you
• 6:38
  Speaker 2: all of the pain medication you're asking for if the
• 6:42
  Speaker 2: effect of that pain medication is to incrementally shorten your life. Right.
• 6:50
  Speaker 1: So, unfortunately, because.
• 6:52
  Speaker 2: Of our very litigious society, there is what we call
• 6:58
  Speaker 2: defensive medicine.
• 7:00
  Speaker 1: You know, if a.
• 7:02
  Speaker 2: Patient sees an ad for a certain prescription drug on
• 7:06
  Speaker 2: TV and goes into the physician and asks for it,
• 7:11
  Speaker 2: the physician's in a tough spot because if they don't
• 7:15
  Speaker 2: give the person that prescription and there's a bad outcome,
• 7:20
  Speaker 2: they could be subject to liability. This absolutely, but be
• 7:27
  Speaker 2: that as it may. You want to put that language
• 7:30
  Speaker 2: in the living will. I put language in my living
• 7:33
  Speaker 2: will that says, in the event I have a long
• 7:36
  Speaker 2: term illness, I wish to have my care provided at
• 7:41
  Speaker 2: home unless it's impracticable. Right, So, my default, having been
• 7:47
  Speaker 2: in many many nursing.
• 7:48
  Speaker 1: Homes, is all things being equal, I prefer not to
• 7:52
  Speaker 1: be there. But everyone is different.
• 7:56
  Speaker 2: My husband, Bill, who's a physician, he's been on the
• 7:58
  Speaker 2: program before, shared the story of his aunt who absolutely
• 8:05
  Speaker 2: flourished and came to life when she left being in
• 8:10
  Speaker 2: her own home. She had a caregiver, but it was
• 8:13
  Speaker 2: still not a very enriched environment. She was watching TV
• 8:18
  Speaker 2: all day while the caregiver was on her cell phone,
• 8:22
  Speaker 2: and once she entered the rehab and nursing facility, she
• 8:28
  Speaker 2: really sprang to life. There were activities, there was bingo,
• 8:31
  Speaker 2: there was music, there was cocktail hour. She met a boyfriend,
• 8:36
  Speaker 2: and I guess we have to give a shout out
• 8:38
  Speaker 2: to the facility Long Island Care Center in Flushing, where
• 8:44
  Speaker 2: Bill is the medical director. They have a very active
• 8:49
  Speaker 2: Instagram account and it's like a cruise.
• 8:52
  Speaker 1: Ship over there. They have a limbo contest and they
• 8:57
  Speaker 1: celebrate holidays that I didn't need to know exis So
• 9:02
  Speaker 1: we can't grow so tycoons.
• 9:04
  Speaker 3: They don't miss a holiday.
• 9:05
  Speaker 1: There you go. We can't throw them all under a bus.
• 9:09
  Speaker 3: A will though you can. Also, I mean, if you
• 9:12
  Speaker 3: when do you when do you create a will? Do
• 9:13
  Speaker 3: you create a will at twenty thirty forty fifty?
• 9:17
  Speaker 2: Well, I think the moment we have children, we need
• 9:22
  Speaker 2: to set up a will because the will is where
• 9:27
  Speaker 2: we name a guardian.
• 9:29
  Speaker 1: You know, and you go through. Did you ever see
• 9:31
  Speaker 1: the movie Terms of Endearment?
• 9:33
  Speaker 3: I love it?
• 9:34
  Speaker 2: Okay, that crying deathbed goodbye scene where Deborah Winger is
• 9:41
  Speaker 2: wondering who's going to raise the kids in her imminent absence.
• 9:47
  Speaker 2: You really need to do a will so that a
• 9:50
  Speaker 2: stranger is not making a decision about who raises your
• 9:55
  Speaker 2: children and who gets your stuff.
• 9:58
  Speaker 1: When you die. So we should all have a will.
• 10:02
  Speaker 2: But the goal is in my opinion, not to have
• 10:06
  Speaker 2: to use it because the will goes to probate. Now,
• 10:10
  Speaker 2: it's better to have a will than have no will
• 10:15
  Speaker 2: in the event that there are assets that need to
• 10:17
  Speaker 2: be administered. So if I have no will and I,
• 10:23
  Speaker 2: let's say, have a house or there's a bank account
• 10:26
  Speaker 2: without beneficiaries on it, the only way for that asset
• 10:32
  Speaker 2: to make it to my loved ones is for them
• 10:35
  Speaker 2: to go through court in what's called an administration proceeding.
• 10:41
  Speaker 2: I have never seen an administration proceeding wind up in
• 10:47
  Speaker 2: less than a year and a half. You have to
• 10:49
  Speaker 2: do a family tree, and you need to have an
• 10:53
  Speaker 2: affidavit of airship.
• 10:56
  Speaker 1: It is a huge pain in the neck.
• 10:59
  Speaker 2: And in addition to the court fees and the legal fees,
• 11:04
  Speaker 2: state law says you also have to post a bond
• 11:08
  Speaker 2: before the court can appoint you as the administrator. So, really, folks,
• 11:13
  Speaker 2: you don't want to just wing it, because if you
• 11:18
  Speaker 2: don't set forth your wishes, a stranger will be making
• 11:23
  Speaker 2: these determinations. So I want you all, within the sound
• 11:27
  Speaker 2: of my voice, to think about whichever side of the
• 11:33
  Speaker 2: political aisle you happen to be on. I want you
• 11:36
  Speaker 2: to think about your least favorite legislator and get a
• 11:41
  Speaker 2: clear picture of this person in your mind. Do you
• 11:45
  Speaker 2: want this person deciding who gets your stuff when you
• 11:51
  Speaker 2: pass away?
• 11:52
  Speaker 1: You know what happens.
• 11:54
  Speaker 3: Legislator, a legislator, a government person.
• 11:59
  Speaker 2: Your state legislature sets forth the rules for who gets
• 12:05
  Speaker 2: your stuff, Paul, upon your death. If you have not
• 12:10
  Speaker 2: made it clear within a state planning documents who should
• 12:15
  Speaker 2: get your stuff, those are the default rules. So as
• 12:19
  Speaker 2: a legislator, I, together with my former colleagues fourteen years
• 12:25
  Speaker 2: at fourteen years, you know, would try to come up
• 12:28
  Speaker 2: with what should happen when people don't make their own decisions.
• 12:34
  Speaker 2: So it's much better to roll up your sleeves, make
• 12:39
  Speaker 2: your own decisions. Don't let the perfect be the enemy
• 12:42
  Speaker 2: of the good, and put some things down in place
• 12:47
  Speaker 2: so that a strange judge is not deciding who's going
• 12:51
  Speaker 2: to raise your children, and that your legislators are not
• 12:54
  Speaker 2: deciding who gets your stuff, of which.
• 12:57
  Speaker 3: You can change at.
• 12:58
  Speaker 2: A later data change it at any time. You can
• 13:03
  Speaker 2: and should make changes as time goes on. So when
• 13:08
  Speaker 2: I say we don't want to have to rely on
• 13:10
  Speaker 2: a will because it goes to court and you're involving
• 13:13
  Speaker 2: a lot of people and a lot of delays. What
• 13:17
  Speaker 2: should we do instead of having to rely on a will?
• 13:21
  Speaker 2: Oliver Wendell Holmes said over one hundred years ago, put
• 13:26
  Speaker 2: not your trust in money, but put your money in
• 13:30
  Speaker 2: a trust.
• 13:31
  Speaker 1: And that advice.
• 13:32
  Speaker 2: Remains sound today, provided you know what type of trust
• 13:39
  Speaker 2: to use. So it makes me crazy when people send
• 13:45
  Speaker 2: away for these trust kits, because there is exactly one
• 13:50
  Speaker 2: type of trust that they are sending to everyone across
• 13:55
  Speaker 2: the country who's silly enough to order these kids. There
• 14:00
  Speaker 2: are dozens of different types of trusts. You should have
• 14:04
  Speaker 2: a separate trust. If you own life insurance. You've all
• 14:09
  Speaker 2: heard from your financial advisor selling the life insurance that
• 14:14
  Speaker 2: life insurance is tax free. It is income tax free,
• 14:20
  Speaker 2: it is not transfer tax free. That means that if
• 14:25
  Speaker 2: I have a five hundred thousand dollars death benefit, that
• 14:29
  Speaker 2: upon my death, that death benefit is part of my
• 14:34
  Speaker 2: gross taxable estate unless the policy was owned by a
• 14:42
  Speaker 2: life insurance trust. So if you have life insurance, whether
• 14:47
  Speaker 2: it's term, whole, life, universal, you.
• 14:51
  Speaker 1: Need to get that in a trust.
• 14:53
  Speaker 2: Because even though you may be far below the estate
• 14:58
  Speaker 2: tax threshold today, that changes with each administration. So be
• 15:07
  Speaker 2: super careful that that death benefit doesn't get caught up
• 15:11
  Speaker 2: in the gross taxable estate. Those of us who have
• 15:14
  Speaker 2: special needs loved ones need to think about implementing a
• 15:20
  Speaker 2: supplemental needs trust.
• 15:22
  Speaker 1: If I have a child.
• 15:24
  Speaker 2: Who's developmentally disabled, I don't want to go old school
• 15:29
  Speaker 2: and leave them out of the estate plan, leaving everything
• 15:33
  Speaker 2: to his brother. Because his brother may have the best
• 15:37
  Speaker 2: of intentions, but what if the brother is in.
• 15:41
  Speaker 1: A car accident or a divorce.
• 15:43
  Speaker 2: Now, the money that he's holding in this old school
• 15:46
  Speaker 2: gentleman's agreement for his brother is you know, to the
• 15:51
  Speaker 2: four corners of the earth. So consider a supplemental needs
• 15:55
  Speaker 2: trust where your special needs loved one can benefit from
• 16:00
  Speaker 2: the estate without the assets counting against them for eligibility purposes.
• 16:07
  Speaker 3: So it could be clear. I want to make sure
• 16:09
  Speaker 3: and I think I asked you as before and you said, yes,
• 16:12
  Speaker 3: you can have a few trusts.
• 16:15
  Speaker 1: Most people should have a few different trusts.
• 16:18
  Speaker 2: We have a few different you know, kettles going on
• 16:23
  Speaker 2: out there that we need to fire up. And those
• 16:26
  Speaker 2: of us with real estate, a primary residence, a condo,
• 16:32
  Speaker 2: a co op investment property, you need to have a
• 16:36
  Speaker 2: special trust for that so that you're not subject to lawsuits.
• 16:43
  Speaker 2: You know, you have a fancy of vacation property two
• 16:48
  Speaker 2: hours away from you, and you're not there every day
• 16:51
  Speaker 2: of the week. That's an attractive nuisance. And if someone
• 16:56
  Speaker 2: breaks into your property and hurts themselves. In New York State,
• 17:02
  Speaker 2: we are the trial lawyers capital of the world.
• 17:06
  Speaker 1: I think.
• 17:07
  Speaker 2: And there are theories of liability for that person who
• 17:12
  Speaker 2: broke into my home and hurt themselves, So we want
• 17:16
  Speaker 2: to wrap that up into an asset protect Of course
• 17:23
  Speaker 2: they will.
• 17:23
  Speaker 1: This is a New York ball Wait.
• 17:28
  Speaker 2: You know, so a question comes up, how do we
• 17:31
  Speaker 2: know what type of trust to use? How do we
• 17:35
  Speaker 2: know whether an LLC is going to do the job?
• 17:38
  Speaker 1: And you know it's not.
• 17:41
  Speaker 2: Capable of having a quick three minute answer. I'm just
• 17:45
  Speaker 2: trying to sensitize you to all of the different trusts
• 17:49
  Speaker 2: that are out there. But I think I do a
• 17:52
  Speaker 2: good job in my book, Smart Woman's Guide to Building
• 17:57
  Speaker 2: and Protecting Wealth. It's a vail at Barnes and Noble,
• 18:02
  Speaker 2: on Amazon, I think some other places. And in the
• 18:06
  Speaker 2: book we dial into what type of trust is going
• 18:12
  Speaker 2: to make sense for you and your family.
• 18:15
  Speaker 3: Here's the Bible, no doubt about it. Let me ask
• 18:19
  Speaker 3: a question. It says A Smart Woman's Guide to Building,
• 18:23
  Speaker 3: And I read the book, but I'm not a woman this.
• 18:26
  Speaker 2: Week, you're so, what's the thought you brought this up before?
• 18:31
  Speaker 2: So the Smart Woman's Guide. There is no separate internal
• 18:37
  Speaker 2: revenue code for women, right, So we're talking about laws,
• 18:43
  Speaker 2: excuse me, that affect everyone. But I'm writing it from
• 18:49
  Speaker 2: a woman's perspective because I think as women, we are
• 18:55
  Speaker 2: the CEOs of our family's emotional and psychological well being.
• 19:02
  Speaker 2: We know our loved ones strengths and weaknesses and what
• 19:09
  Speaker 2: they need may need later on after our passing, to
• 19:14
  Speaker 2: keep them from being tricked by outsiders, to keep them
• 19:20
  Speaker 2: from being in conflict with family members.
• 19:25
  Speaker 1: What if you know I have a child living in.
• 19:28
  Speaker 2: The home with me, how do we smooth things over
• 19:33
  Speaker 2: that the other two children are not evicting that child
• 19:37
  Speaker 2: upon my death? You know, we need to approach this
• 19:42
  Speaker 2: a little thoughtfully, with a nuanced approach. So for that
• 19:49
  Speaker 2: child who's living with me, maybe I say in the
• 19:53
  Speaker 2: trust that we leave the home three ways, sub check
• 19:57
  Speaker 2: two SUSY's right to remain there for X period of time.
• 20:05
  Speaker 2: Maybe I want to wait till my youngest grandchild has
• 20:09
  Speaker 2: graduated from high school, so they're not uprooted. And during
• 20:14
  Speaker 2: that time she's going to pay the carrying costs on
• 20:19
  Speaker 2: and on and on you so you want to spell
• 20:22
  Speaker 2: out the things where you imagine there might be conflict.
• 20:28
  Speaker 2: And another thing that women, I know, consider when we're
• 20:33
  Speaker 2: doing the estate planning. What happens if I die first?
• 20:41
  Speaker 1: You know, And I think it's very common.
• 20:44
  Speaker 2: I see it in my practice that the surviving husband
• 20:50
  Speaker 2: will remarry. And what can I do at this point
• 20:55
  Speaker 2: in my planning to protect my children from the new.
• 21:01
  Speaker 1: Wife later.
• 21:04
  Speaker 2: Barring my children from the house and getting my husband
• 21:08
  Speaker 2: to add her name to the deed of the house.
• 21:11
  Speaker 2: So we can do that within the trust by saying
• 21:15
  Speaker 2: Anne and Bill put the home in the trust, Mary,
• 21:19
  Speaker 2: Susie and Johnny are the beneficiaries. We retain the right
• 21:24
  Speaker 2: to change beneficiaries, but only between and amongst our lineal descendants.
• 21:32
  Speaker 2: And with that magic sentence in the trust, I am
• 21:37
  Speaker 2: blocking that future possible go go dancer that he may.
• 21:43
  Speaker 1: Take up with.
• 21:44
  Speaker 2: She does not meet that definition, so she can't be
• 21:49
  Speaker 2: a party.
• 21:50
  Speaker 3: Where'd you learn this stuff?
• 21:52
  Speaker 1: You know, what you learn.
• 21:56
  Speaker 2: From the twenty thousand clients, more so than from law
• 21:59
  Speaker 2: school because you see the best of people and you
• 22:03
  Speaker 2: see the worst of people, and we build guardrails to
• 22:08
  Speaker 2: keep stranger's hands out of your pockets.
• 22:12
  Speaker 1: And that's what it's all about.
• 22:14
  Speaker 2: I want to get to a question that was emailed
• 22:18
  Speaker 2: this week, and you may be listening. I haven't gotten
• 22:22
  Speaker 2: a chance to reply to your email. It's a listener
• 22:26
  Speaker 2: in New Jersey asking me for a recommendation for a
• 22:30
  Speaker 2: New Jersey attorney. And I have a wonderful, he's brilliant
• 22:39
  Speaker 2: attorney in New Jersey who I have for years referred
• 22:44
  Speaker 2: quite a lot of clients to, and in the past
• 22:48
  Speaker 2: two years I have had many, many, many complaints about
• 22:54
  Speaker 2: him not returning calls and about communiiction, and my clients
• 23:03
  Speaker 2: that I referred to had questions and they didn't feel
• 23:07
  Speaker 2: that the questions were fully answered. So a this person
• 23:12
  Speaker 2: is permanently not going to be referred by me to
• 23:16
  Speaker 2: anyone who needs an attorney in New Jersey.
• 23:19
  Speaker 1: Number one.
• 23:20
  Speaker 2: Number two, I am at this point without a good
• 23:24
  Speaker 2: attorney to refer to in New Jersey. My practice is
• 23:30
  Speaker 2: limited to New York State. So if you are a
• 23:34
  Speaker 2: New Jersey listener and you have an asset protection attorney
• 23:39
  Speaker 2: that you absolutely love.
• 23:42
  Speaker 1: Please let me know about it.
• 23:45
  Speaker 2: Visit me on Instagram that's at my lawyer an and
• 23:51
  Speaker 2: message me with the contact of your beloved attorney in
• 23:57
  Speaker 2: New Jersey.
• 23:57
  Speaker 3: That's definitely not something that you're doing. Are one buttoned
• 24:00
  Speaker 3: up person? Your people call back your thorough totally and utterly.
• 24:06
  Speaker 1: You know what.
• 24:06
  Speaker 2: And I think it's important to be clear about expectations.
• 24:13
  Speaker 2: You know, when you initially meet with a client, you're
• 24:16
  Speaker 2: really they're interviewing you, right, and you need to be clear.
• 24:21
  Speaker 2: And I tell people right off the bat if you
• 24:25
  Speaker 2: call me in the office, you will absolutely not get me.
• 24:29
  Speaker 1: On that first call because I am in a meeting.
• 24:33
  Speaker 2: I think it would be a very scary sign if
• 24:36
  Speaker 2: I call a lawyer for the first time and they
• 24:39
  Speaker 2: are immediately available right like ghostbusters. They're sitting around waiting
• 24:45
  Speaker 2: for the phone to ring. But I will call you
• 24:49
  Speaker 2: back within a day. If you have a one off question,
• 24:56
  Speaker 2: send me an email, send me a message on Instagram,
• 24:59
  Speaker 2: and I will get back to you very quickly with
• 25:02
  Speaker 2: the answer. If you need to speak with me, make
• 25:06
  Speaker 2: an appointment for a five minute phone call the following morning. Okay,
• 25:11
  Speaker 2: super clear, So we're not playing phone tag with each other.
• 25:18
  Speaker 2: So I want to mention something that comes up a
• 25:22
  Speaker 2: lot who has been on social media sites and you
• 25:28
  Speaker 2: see a pop up for a dead friend's birthday. You
• 25:33
  Speaker 2: know what part of all of this planning ahead is
• 25:40
  Speaker 2: today where we're pretty much all on social media, we
• 25:44
  Speaker 2: need to leave a list of our logins with all
• 25:49
  Speaker 2: of our estate planning.
• 25:51
  Speaker 1: And asset protection paperwork so.
• 25:54
  Speaker 2: That our loved ones can go in there and pull
• 25:58
  Speaker 2: things down at the appropriate time.
• 26:00
  Speaker 3: Should also have about passwords and things. I mean, you know,
• 26:03
  Speaker 3: if you're a loved one, my daughter knows everything about it.
• 26:05
  Speaker 2: Yeah, and I think we've talked about this on the
• 26:07
  Speaker 2: show before. You want to have a family password to
• 26:12
  Speaker 2: protect against scam artists in this day of AI where
• 26:18
  Speaker 2: they can copy your grandchild's voice and it sounds like
• 26:23
  Speaker 2: your grandchild calling you that they're in a tough situation.
• 26:28
  Speaker 1: And need you to wire money right away.
• 26:32
  Speaker 3: Right, Yeah, they're serious. We have We had a bunch
• 26:34
  Speaker 3: of articles on how people have gotten, especially older people.
• 26:39
  Speaker 2: At this point, I would like to exercise a point
• 26:44
  Speaker 2: of personal privilege and take this opportunity to wish my
• 26:52
  Speaker 2: cousin Dan Clabby a very, very happy birthday. Danny is
• 27:00
  Speaker 2: an amazing person, one of my favorite people in the world.
• 27:04
  Speaker 2: Absolutely lights up every room that he goes into.
• 27:09
  Speaker 1: He is seven.
• 27:10
  Speaker 2: Years my senior, and as kids, that was a big deal.
• 27:14
  Speaker 2: He had a paper route, and I thought that was
• 27:17
  Speaker 2: the most exciting important thing in the world. And you
• 27:20
  Speaker 2: know what he would do with some of his money.
• 27:23
  Speaker 2: He would buy me little things. He would buy me
• 27:26
  Speaker 2: a set of color forms, and and I think, what
• 27:29
  Speaker 2: kind of you know, teenage guy would do that for
• 27:32
  Speaker 2: his annoying little cousin. So, Danny, very happy birthday from
• 27:39
  Speaker 2: your annoying little cousin.
• 27:42
  Speaker 1: I'm not you.
• 27:44
  Speaker 2: I am still little. So I lost the color form.
• 27:50
  Speaker 2: I would love to find some more color forms.
• 27:56
  Speaker 1: All right.
• 27:56
  Speaker 2: So with that that you've gotten something out of the
• 28:00
  Speaker 2: topics we discust. If there's something you want me to
• 28:04
  Speaker 2: cover next week, please reach out to me on Instagram,
• 28:09
  Speaker 2: my lawyer an at my lawyer, and or give the
• 28:13
  Speaker 2: office a call to make an appointment to sit down
• 28:16
  Speaker 2: with me. Bring your existing documents in and I guarantee
• 28:23
  Speaker 2: we can shape them up to better protect your loved
• 28:28
  Speaker 2: ones and to keep strangers hands out of your pockets.
• 28:32
  Speaker 2: You can visit me in Bayside. You can visit me
• 28:36
  Speaker 2: in Port Jefferson or in the Capital District.
• 28:40
  Speaker 1: You can visit me in Albany.
• 28:42
  Speaker 2: But be sure to tell the folks scheduling the appointment
• 28:47
  Speaker 2: where you would like to go, so you're not sitting
• 28:50
  Speaker 2: in Albany and I'm in.
• 28:52
  Speaker 1: Port Jefferson and we are something warm.
• 28:56
  Speaker 2: So again I want to encourage you check out the
• 29:01
  Speaker 2: book Building and Protecting Wealth on Amazon. I think they
• 29:06
  Speaker 2: have an excerpt that you can read, and for those
• 29:09
  Speaker 2: of you who do buy it, you can use the
• 29:11
  Speaker 2: purchase price as a credit towards your estate planning. With that,
• 29:16
  Speaker 2: I hope you all have a great day everyone. Thanks
• 29:19
  Speaker 2: Paul Okay and Margaret.
• 29:21
  Speaker 3: Thank you.
• 29:23
  Speaker 2: Oh