#292 - Ryan Heath - Founding Attorney @ Baker Heath, PLLC - Estate Planning 101

Ryan is a trust and estates attorney. He represents entrepreneurs, families, and financial institutions with a primary focus on shouldering his clients’ problems and helping them achieve their objectives. 

On this episode, Ryan and Chris discuss:

➡️ the 6 Basic Estate Planning Documents

➡️ how parents can set up plans for their children

➡️ succession planning for family businesses

➡️ using trusts in PE investments

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Additional Resources

👉 Baker Heath

👉 Contact Ryan: 817.769.2745

👉 Email Ryan: [email protected]

👉 The 6 Basic Estate Planning Documents Deep Dive Videos

👉 Estate Recommendations based on Net Worth

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Timestamps

(00:03:27) Ryan’s background and career

(00:05:15) The 6 Basic Estate Planning Documents

(00:08:10) Planning parents can do for their young kids

(00:15:27) When you should be revisiting your plan?

(00:17:53) Are there any functions within a trust that kick in before a child becomes an adult?

(00:19:03) What happens when a beneficiary is incapable of managing money?

(00:22:52) Handling planning when you have multiple children

(00:30:01) Succession planning for businesses

(00:46:26) Adjusting plans when a loose cannon marries into the family

(00:53:00) Planning at different levels of net worth

(01:02:06) Money by surprise scenarios

(01:07:01) Controlling from the grave

(01:11:03) Scenarios when you’re worth >$100 million

(01:13:48) Transferring Real Estate

(01:17:38) Twitter Questions

(01:20:47) Using Trusts in PE Investments

(01:23:27) Vertical Slicing for Fund Managers

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