Ep 91 | Smart Trust & Estate Moves Before Retirement with Lauren Klein
episode
Wealthy After 40: Retirement Planning and Budgeting for Gen X
31 min
2 speakers
3 chapters
transcribed 1 month ago
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What is the main topic discussed in this episode?
You're in for a treat as we dive into today's episode all about the fascinating world of trust, estate and tax planning with guest expert attorney Lauren Klein. Whether you're just starting out or already have a plan in place, Lauren's insights will help you navigate common misconceptions, avoid costly mistakes and make informed decisions for your future. Tune in and learn how to protect yourself and your loved ones. This is a must listen episode you won't want to miss. Welcome to Wealthy After 40, where I help you turn retirement uncertainty into a clear, actionable plan. If you're thinking about retirement but feel unsure whether it's even possible, I understand. The gap between where you are now and where you want to be can feel overwhelming, but it doesn't have to.
Hi, I'm Daylene Higgins, founder of Elevate Finances and your personal financial coach. Having retired at the age of 50 and have enjoyed over two years of retirement bliss, I'm here to help you create your retirement dream and make it a reality. No more wondering, no more guessing, just taking action and building a future for yourself. Join me each week as I guide you through essential topics such as budgeting, cash flow, lifestyle planning, debt and savings, insurance, Medicare, and social security. Together, we'll build a strategy to help you achieve the retirement you've always desired. It's time to shift from uncertain to unstoppable and make your retirement dreams a reality. Hey there, listeners.
Who is Lauren Klein and what led her to specialize in trust, estate, and tax planning?
Retirement planning doesn't have to be complicated or overwhelming. I've got you covered with my free Retirement Readiness Checklist, a step-by-step guide to building a solid financial plan for retirement. Whether you're focused on ditching debt, boosting your savings, or mapping out your retirement goals, this checklist will guide you with clear steps tailored to where you are, whether you're two, five, or even 10 years away from retirement. Grab it now, down in the show notes, or on my website, elevatefinances.us backslash retire now, and start your journey to a happy, stress-free retirement today. Welcome, Lauren. I'm so excited to chat with you today. Can you share a little bit about your background and what led you to specialize in trust estate and tax planning?
Absolutely. And thank you so much for having me on. I'm so excited for this conversation. So I'm a trust and estates attorney, meaning I focus on estate planning and kind of going back in time to when I was an undergrad, kind of figuring out what I was going to do. I was actually a finance major, so I was planning on going down the finance track, but it was 2008, 2009, and we all know what was going on in the world then. And I was And I was interning at one of the big brokerage houses, and they said, hey, you might want to do something else for a little while. And I thought, well, I guess I'll go to law school, bide my time. I had always thought that maybe I would go at some point. Started law school, wasn't sure what I was going to do, but I just knew that it would be a great experience and help me to really understand how to read laws and kind of understand contracts and things like that.
I ended up taking a tax class, of all things, and I really didn't want to take it, but the professor kind of pushed me into it and I fell in love. I absolutely love the tax code, which sounds crazy, but it's just the way my brain works. So, you know, finished law school, ended up getting what's known as an LLM in taxation. So it's a master's. So I'm a tax attorney that focuses on trusts and estates. And, you know, started my career and really fell in love with law and with trust and estates because, you know, in both of our industries, we get to know the family and their businesses. And it's such a really, you know, personal type of relationship. And I've been practicing now for 13 years and I really, really love what I do.
I love to hear how people pick a specialty and what clicks with them. Tax code is very interesting. I was encouraged by my mom, like, you can do it, you can learn it, and I did.
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Chapters
3 chaptersSpeakers
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