118: Estate Planning 101 with Matthew Wiley

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Investing, Business

4.8 • 518 Ratings

🗓️ 8 March 2019

⏱️ 78 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Matthew Wiley is a managing partner at Wiley Etter, LLC, who are passionate about helping you plan for the future. Matthew believes in two fundamental principles, estate, and financial planning should be simple and focused on the client’s needs. He works with a team of advisors, accountants, and other professionals to ensure that his clients’ needs come first… Always.

During this episode, you’ll be given the tools and techniques to create a financial and legal plan for your future regardless of your wealth level. Find out some of the most important documents you’ll need when preparing your estate plan. Learn the proper process so that you can successfully transfer wealth to your heirs.

Listen to the end as Johnny FD and Sam Marks reveal exactly what their wills include.

Links:

WileyLegal.com

Where we are:

Sam Marks - Tampa, Florida
Johnny FD - Sri Lanka

Time Stamps:

01:20 - Skiing in Tahoe and sunny Florida
05:52 - What is estate planning?
06:54 - “I like to think of myself as the most trusted confidant helping you reach your business, financial, and personal goals without alienating any of your family members” - Matthew Wiley
07:17 - Should you take state planning seriously?
09:19 - What documents do you need to prepare your plan?
17:13 - Financial inheritance to your heirs - The process
19:24 - “Elvis Presley’s will is available and Whitney Houston. Everyone can see their affairs” - Matthew Wiley
25:00 - Should you set up an asset protection trust?
32:36 - Learning the do’s and don’ts of AP
37:47 - Transferring wealth to your heirs
38:52 - “If you have even close to $10 million dollars you can’t possibly turn that into intergenerational wealth without a lawyer” - Matthew Wiley
42:50 - What happens when somebody actually dies? What's the process?
45:36 - Terrible experiences that tear families apart
55:50 - Johnny FD crates his own will online
1:02:32 - Sam Marks will explain in detail
1:07:33 - The truth about the funeral industry

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Transcript

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0:00.0	Welcome to the Invest Like a Boss podcast. I'm Sam Marks and I'm Johnny FD. We're self-made entrepreneurs who invest our own money and use modern technology to invest like a boss. Join us each week for exclusive interviews with our network of modern investors, business owners, and multimillionaires to discover new ways to invest our hard-earned cash. Do do do do do do do.
0:23.1	Hey guys, it's Johnny and welcome to episode 118 of the Invest Like a Boss podcast.
0:30.0	That was Sam Marks bringing in with a nice jingle.
0:33.7	Welcome, Sam.
0:35.3	Hey, buddy.
0:36.1	How you doing?
0:36.9	Yeah, good to talk to you. So you are in Tampa, Tampa. Hey, buddy. How you doing? Yeah, good to talk to you.
0:38.6	So you are in Tampa, Tampa.
0:41.3	Tampa, baby.
0:42.3	I just got back from Tahoe, Tampa, Tahoe.
0:44.6	Went out there for a good eight days of skiing, bro.
0:48.9	It was the best snow season I've ever seen anywhere.
0:53.0	It was insane.
0:54.1	Wow, nice. It was insane. Wow.
0:54.5	Nice.
0:54.7	It was good times.
0:55.8	Yeah.
0:56.1	I had no idea that you went to Nevada or to Tahoe.
1:00.4	You know, I got to sneak away from Florida while I have the opportunity.
1:03.0	I might turn around twice and be 65 and retired here and just never have left.
1:07.7	But, I mean, how long were you even back in Tampa?
1:11.9	Because the last month spoke to you, yeah, I mean, how long were you even back in Tampa? Because the last time I spoke to you, yeah.
	...

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