#153: Allison McMurter-Hughes -The Hardest Conversation To Have On this episode Gary chats with friend and lawyer Alison McMurter-Hughes about a topic a LOT of people want to avoid - estate planning. Gary & co-host Christopher Hummel have a deep and im
Real Talk With Gary - Real Estate Investing · Gary Hibbert
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Show Notes
#153: Allison McMurter-Hughes - The Hardest Conversation To Have
On this episode Gary chats with friend and lawyer Allison McMurter-Hughes about a topic a LOT of people want to avoid - estate planning. Gary & co-host Christopher Hummel have a deep and important discussion about wills, trusts, probates and estate planning in general. If you have ANY assets, especially real estate assets you SHOULD/MUST create a will to ensure a fairly painless and less difficult transfer of assets once you pass. Whether you want your assets sold and the profits dispersed when you pass, or you are willing/transferring them to someone else, it's crucial to determine and document this wish BEFORE you pass. This is a must listen episode.
WHAT YOU'LL LEARN:
- Why you NEED a will and what happens if you don't have one
- The difference between executor and power of attorney
- How personal assets are treated vs. a corporation
- What happens to a Joint Venture should one partner pass away
- Should you put your properties in a joint tenancy with your beneficiary to avoid probate
- What should and shouldn't you put in your will - your couch, your car?
- What if your will is contested?
- The difference between a trust and a will
- Who can be a power of attorney
- How often should a will be changed/modified
- How trusts can ensure dependents have money for most of their lives
- And MORE!
Bio
Allison McMurter-Hughes is a Whitby-based lawyer who grew up in the real estate law industry. Starting at McMurter & Associate's answering the phones, Allison knew she wanted to continue in the industry. Eventually going to Law School, she articled and then practiced at McMurter & Associates. Allison specializes in real estate law, wills and estates. When she isn't practicing law, she fulfills her hobby of interior design.
Website/contact info for guest:Web: mcmurter.com
Facebook: https://www.facebook.com/mcmurterandassociates
This episode proudly sponsored by BM Select - https://bmselect.ca
Are you looking to become a millionaire through real estate investing? Then BM Select is for you!
BM Select has helped more people become millionaires over the past 15 years than ANY OTHER mortgage broker in Canada!
BM Select focuses on working with Real Estate Investors who are looking to begin or expand their portfolio, as well as specializing in working with customers that are engaged with our host of Realtor contacts across Canada. At BM Select we offer strategic mortgage solutions with dedicated Agent Support along with leading-edge Underwriting and Fulfillment Services that allow you to sleep well knowing your mortgage transactions are being handled by top quality professionals.
To find out more, visit the website or email https://bmselect.ca
Other Links:
Private Investing, visit https://deep-pockets.ca
Real Estate Investment Club visit https://www.smarthomechoice.ca
Gary's mentorship program visit https://garyhibbert.ca
Start your own Podcast visit https://www.podcastexperts.ca