Tim Semro Answers Your Weirdest Estate Planning Questions SB1886
About this episode
Tim Semro discusses common estate planning questions and misconceptions, emphasizing the importance of avoiding probate.
"Do I need a trust or just a will?" might be the single most common estate planning question there is, and estate attorney Tim Semro says most people are asking it backwards. The real question isn't trust versus will, it's how do you avoid probate, and a trust is just one of several ways to get there. Tim returns to answer a full mailbag of real Stacker questions, covering everything from a $200,000 mistake buried in a lady bird deed to the exact reason so many families accidentally disqualify a parent from Medicaid. What You'll Walk Away With Why "trust versus will" is the wrong question, and the three-column framework that actually determines what you need What a lady bird deed is, when it makes sense, and the family conflict it can quietly set up down the road The tax detail buried in gifting property early that can cost your heirs tens of thousands of dollars they didn't expect Why naming a power of attorney without having an honest conversation first is one of the most common and costly mistakes families make The five-year Medicaid look-back rule explained clearly, including what happens if you don't quite make it to five years How debt actually works after someone dies…
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