Legacy Course Review: Article #1
Embracing Change: New Insights and Resources for Estate Planninga
Source: Apartment News Magazine
By Timothy Gorman
Real Estate Broker/CPA/Entrepreneur
Last month, I wrapped up my article series on stepping into the role of successor trustee after my father’s passing. This journey was deeply personal and provided a valuable outlet for addressing both the financial and non-financial aspects of being a trustee or executor. Through extensive research and consultations with various professionals, I’ve become something of a lay expert on the subject.
What began as a humorous comment about “putting frustrations into a book” has turned into reality. I’m excited to announce the release of my book, Tangled Legacy: Turning Estate Planning Mistakes into Successes. This book offers a straightforward and honest guide through the complexities of estate planning, sharing both real-life successes and failures. It provides practical insights and an unfiltered view of the emotional and relational dynamics involved.
Since its launch, Tangled Legacy has achieved Amazon’s #1 New Release in several categories, including Practical Guides to Wills, Estate Planning Laws for Wills, Wealth Management, and Extended Families. It offers invaluable guidance for anyone at any stage of the estate planning process, blending personal stories with expert advice.
To further support this journey, I’ve developed a ten-week AAOC workshop series starting September 12th. This virtual series builds on the insights from my book and features industry experts who will offer valuable guidance. The workshops are designed to be interactive, engaging, and accessible, helping you navigate legacy and estate planning.
The series covers traditional planning aspects such as fundamentals, team assembly, tax, legal, and charitable strategies. It also addresses often-overlooked areas like emotional counseling, caregiving, family dynamics, organizational skills, and effective communication. By participating, you’ll gain tools and resources that not only educate and organize but could also save you thousands in planning fees by reducing the time spent with attorneys and helping you choose the right strategies and tools.
This new recurring series will address your questions on estate and legacy planning, featuring one of the instructors from the class each time. Feel free to contact me directly or submit your questions to the AAOC office.
I’m excited to share a partial list of the talented professionals joining us for the inaugural 2024 Fall Session. These experts will also be featured here to answer your questions. Each week, we’ll introduce additional instructors and guest speakers, offering a diverse range of expertise and insights throughout our workshops.
Nicholas Dunlap: Broker, Manager, and Mayor of Fullerton. A contributor to Apartment News Magazine and various other publications, Nicholas is a respected industry leader within the AAOC and a member of the Institute of Real Estate Management (IREM) and the California Rental Housing Association.
Daniel Sullivan: Senior Associate Attorney at Lagerlof LLP. With an LL.M. in Estate Planning from the University of Miami School of Law, where he graduated at the top of his class, Daniel specializes in corporate transactions and both basic and advanced estate, gift, and income tax planning.
Yuval Domb: Certified Public Accountant and President of Clarity Financial. Yuval’s firm is designed to meet the needs of today’s entrepreneur and entrepreneurial-inspired businesses.
Nick Lieberman: Mortgage Loan Officer, President, and Founder of Bona Fide Mortgage. A well-known expert on interest rates and lending in Southern California, Nick is a featured columnist for the OC Register business section and past president of AAOC.
Kelly Clyde: Co-founding partner with South Coast Investment Advisors and a registered principal and Elite Advisor with Independent Financial Group. Kelly is a Certified Financial Planner that works primarily with rental real estate owners who want a clear look into their overall financial picture, guidance on how to best manage their liquid assets to complement their real estate holdings, and advice on how to ensure their portfolio is generating efficiencies to reduce annual tax burdens.
Anthony Vultaggio: Philanthropy Officer at The Orange Catholic Foundation. Anthony specializes in estate planning solutions, helping business owners, individuals, and families with asset management, investments, and life insurance needs.
Life is all about change. Losing a loved one brings about significant and often unwanted changes. While we can’t control what happens to us, we can choose how we respond. Through the loss of my father and the challenges of succession.