Real Talk With Gary - Real Estate Investing

#153: Allison McMurter-Hughes - The Hardest Conversation To Have  On this episode Gary chats with friend and lawyer Allison McMurter-Hughes about a topic a LOT of people want to avoid - estate planning. Gary & co-host Christopher Hummel have a deep and important discussion about wills, trusts, probates and estate planning in general. If you have ANY assets, especially real estate assets you SHOULD/MUST create a will to ensure a fairly painless and less difficult transfer of assets once you pass. Whether you want your assets sold and the profits dispersed when you pass, or you are willing/transferring them to someone else, it’s crucial to determine and document this wish BEFORE you pass. This is a must listen episode. WHAT YOU'LL LEARN: Why you NEED a will and what happens if you don’t have one The difference between executor and power of attorney How personal assets are treated vs. a corporation What happens to a Joint Venture should one partner pass away Should you put your properties in a joint tenancy