{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/5d72784e408342486f3e10c1/677d86379c8e2047f595d795?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Legacy Planning & Memory Creation - Jon Rose","description":"<p>My guest today is the Brilliant Jon Rose of Suitable Life.</p><p>Jon was previously on the Rodcast a few years ago discussing Financial Planning. If you have not listened to that episode please go back and listen to that first, Episode 63.</p><p>In this episode we discuss how people should approach the often emotive subject of Legacy and Estate Planning with an emphasis on Property Investors.</p><p>We discuss;</p><p>How to approach Legacy Planning.</p><p>Warren Buffets mantra of \"Leave them enough to do anything but not enough to do nothing\".</p><p>The difference between Financial and Non financial Legacy.</p><p>Memory Dividends and Financial Dividends.</p><p>Common mistakes of Property Investors when approaching Legacy Planning.</p><p>Control Freaks - what we can and can't control.</p><p>Different types of property to pass on and why.</p><p>How Abdication of responsibility is such a big, common problem.</p><p>Financial education for children.</p><p>Operational intensive assets.</p><p>Pro's and con's of Gifting.</p><p>Different types of gifts.</p><p>Gifts and Trusts.</p><p>Nil rate bands and Taper relief.</p><p>Chargeable lifetime transfers.</p><p>Gift inter vivos policies</p><p>Assets going into trust at death vs in lifetime.</p><p>Spend it, Gift it, Insure against it or invest in assets that don't attract it (which can change).</p><p>How probate issues can affect legacy planning.</p><p>Importance of Liquidity throughout your lifetime.</p><p>Difficulties of planning for your future self without knowing them.</p><p>Your life is never as cheap to insure as it is today.</p><p>How we are driven by pain points.</p><p>How and why the the asset mix in your portfolio should change over time.</p><p><br></p><p>This discussion was so brilliant we have had to split it into 2 parts and will release the next episode in a weeks time which discusses changes in the recent Budget, Pensions and ISA's so look out for it.</p><p><br></p><p>If you liked this episode please give us a like and a review and make sure you follow the Rodcast so you do not miss an episode.</p><p><br></p><p>If you are interested in the Property Business Workshop in London on 16th January you can see details here https://www.tickettailor.com/events/boardroomclubconsultingltd/1433877</p><p><br></p><p>Thanks to our sponsors </p><p>www.978finance.com please get in touch with all your finance needs</p><p>www.konnexsion.com who can take care of any property management software solutions you need</p>","author_name":"Rod Turner"}