Shielding Your Legacy: Why Asset Protection Matters for Your Children’s Future

Episode Summary: In this episode of The Legacy Cast, host Kevin Rosenquist and Michael W. Kelley discuss the importance of asset protection in estate planning, particularly focusing on protecting inheritances for children. They explore various trust options, common mistakes in asset transfers, and strategies for minimizing estate taxes. Key Timestamps: 00:06 - Introduction and episode topic 00:39 - Why asset protection matters in estate planning 02:47 - Common mistakes in transferring assets to children 05:17 - Pros and cons of outright gifts vs. trusts 08:57 - Different types of trusts for asset protection 11:44 - Estate tax strategies and portability 13:04 - Estate planning steps for parents with young children 14:28 - Michael Kelley's background and experience About The Show: The Legacy Cast by Kelley Legacy Law features founder Michael W. Kelley sharing insights on estate planning and wealth protection. The show focuses on helping families enhance their lives today while securing their futures tomorrow. #EstatePlanning #AssetProtection #LegacyPlanning #WealthManagement