The best place to express your desires for health care is within the four corners of a legal document, to wit: a health care power of attorney, advance directive, and a records release. Learn why in this episode and how you can create your own set of documents. You will also learn why care costs are so expensive and what that means for many patients. The reason the medical services industry is the most frequent target of cyber break-ins and theft also explains why so many go broke in retirement. Protecting yourself and your assets require and understanding of why care is so expensive. The Law ..read more

Three wealth taxes are estate tax, capital gains tax, and a new concept: a tax on your investments. Regardless of what you call them, they erode your family's wealth. This episode looks at how one state, Washington, has enacted two new wealth taxes at a time when thirty states gave back to taxpayers.(See note below). Learn how federal and state taxes on wealth work, and how to leverage the exemptions available to avoid unnecessary taxation. Key Points: - Twelve states have their own estate tax. Ten do not allow each spouse to claim an individual exemption for a total of two. A credit shelter t ..read more

In this episode, I interviewed a great attorney in Minnesota, his name is Andrew Ayers. He is a business planning and personal planning attorney and is also licensed in New York. We will give you great tips on what to look for when you are hiring an attorney in your state, or in your community, like the hidden secrets of picking a good lawyer from the perspective of two lawyers who have no dog in that fight, really.  We will talk about rental properties and LLCs, and even if you do not have a rental property but just trying to figure out whether you should bother with forming your busines ..read more

The best podcast episodes are those in which two people who sincerely want to help others connect, share stories, and lay out solutions. In this episode, Darol interviews Sarry Ibrahim, a young financial professional from Chicago, and they do just that. Sarry shows listeners can protect their privacy and assets by using a unique investment vehicle. This investment reduces risk, rows tax-deferred, and holds cash so that the investor can pay down debt to include current or future tax liabilities or leverage to diversify their portfolios.  Darol applies Sarry’s perspective to ..read more

Endorsed by Dave Ramsey, Mama Bear Legal Forms is a legal document creation application. In this review, Darol Tuttle walks through the creation of a Last Will and Testament, health care power of attorney and financial power of attorney, and rates the website design, legal/technical, accuracy in representation, asset protection and value of Dave's endorsement. Does Mama Bear Legal Forms live up to the hype ..read more

How does a radio show host stack up against a trained wealth professional who chose a legal profession when advising on topics that matter to your family's wealth? It is a valid question. Should you listen to Dave Ramsey? If so, is his expertise limited? When should his advice be followed and when should it be considered entertainment? In this episode, Darol compares the different professional requirements for an attorney as compared to a financial advisor. The education and training aside, the importance of asset protection as compared to the message of the radio show hosts as it relates to b ..read more

A legal secret is a principle, construct or strategy that is obscured intentionally or negligently. These legal secrets can make a difference once revealed and, in some cases, mean the difference between wealth erosion or protection.  As part of the asset protection series, asset protection attorney and your host, Darol Tuttle, introduces listeners to the basic purpose and features of a true asset protection plan and his commitment to revealing all legal secrets that obstruct this goal.  ..read more

This episode marks the first of 30 daily episodes to help listeners build a true asset protection system.  Published on the same date the host's home state issued a quarantine, stay at home order, the episode describes the emphasis on publication of reliable information rather than perfectly produced podcast episodes.   Learn how medieval lawyers devised the first asset protection trust to save the estates of England during the bubonic plague and how this legal construct still exists today ..read more

This episode introduces young business leaders to the basic requirements of a contract, focusing on the legal requirement that a contract must have a meeting of the minds between the buyer and seller as to material terms. Price is a material term.  Comparing real examples of a sales process when the host solicited advice from two different "business coaches", the episode makes the case that understanding the laws of contracts also bring integrity to your business and will help build a loyal following.  ..read more

This episode is a legal update with a higher view of planning to include three necessary philosophies of wealth planning to help you make the appropriate decisions.  The episode describes the 2020 Secure Act but in the context of estate planning law, dating back to British medieval common law, three other important legal changes in the preceding five years and the new reality of planning with retirement accounts.  This episode introduces you to idea of "workarounds".  Yes, that's right!  We can mitigate the negative impacts of the SECURE Act.  On December 20, 2019, Pr ..read more