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Fraudish
Fraudish is a podcast to help those working in fraud. Hosted by Kelly Paxton, Certified Fraud Examiner, Ex-Private Investigator, and Pink Collar Crime Expert. Kelly is a former special agent turned investigator specializing in embezzlement and workplace dishonesty cases. Fraudish interviews outstanding fraud professionals so you can continue to move forward in your career. Origin stories, tips, resources are just some of the amazing fraud content you will hear each Tuesday.
Fraudish
Marguerite Lorenz, Luck or Control? Why Estate Planning Matters Before Crisis Strikes
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Returning guest Marguerite Lorenz is here to talk about all things trust and estate related. She has a new book, Luck or Control, The Life-Improving Power of Estate Planning,” reflecting on how a rushed, outdated will during the host’s husband’s terminal cancer diagnosis made planning urgent and life-easing.
Lorenz argues estate planning is not about wealth or only death, but about documenting preferences for incapacity, healthcare, and distribution to avoid confusion, family conflict, fraud risks, and costly probate (noting a $46,000 minimum in California for a $1 million estate). They discuss choosing qualified estate-planning attorneys, updating plans, naming multiple healthcare agents, tracking fiduciary actions, avoiding “early inheritance” ambiguity, and real cases involving elder financial abuse, safe deposit boxes, life estates, pet trusts, no-contest clauses, and special needs/public benefits concerns, directing listeners to planforthis.com for a free toolkit.and you need to go and get it!
https://planforthis.com/
https://www.linkedin.com/in/californiatrustee/
Previous episode with Marguerite: https://podcasts.apple.com/us/podcast/episode-21-marguerite-c-lorenz-ctfa-clpf-master-trustee/id1530413097?i=1000510372491
0:58 Why Estate Plans Matter
03:14 Cost Versus Probate
06:17 Free Toolkit And Hiring Help
07:28 Fiduciary Duty Explained
08:37 Family Caregiving Gray Areas
12:43 Document Everything As Trustee
15:31 The Black Box Problem
17:52 Choose Your Three People
20:35 Agency And End Of Life Choices
24:42 Mabel Casino Cautionary Tale
27:23 Preventing Inheritance Fights
29:46 No Contest Clauses And Spite
32:17 Leaving Love Not Destruction
33:26 Fairness Between Children
34:02 Fairness Can Flip
34:37 Needs Based Trusts
35:39 Love Not Punishment
37:46 Planning for Incapacity
41:04 Life Estates and Marriage Myths
43:51 Pet Trust Pitfalls
46:53 Sign the Documents
48:44 Wills and POA Basics
50:28 Stop Clever Workarounds
52:05 Safe Deposit Box Chaos
55:35 Special Needs and Flexibility
01:00:34 Fund the Trust and Wrap Up