<![CDATA[Radio Pete's Wealth Talk]]>This podcast is about everything wealth: from building it to saving it to investing it and ultimately to passing it on through an estate plan. My name is Pete Williams. I have been in the estate and investment business for over 40 years. I would like to share my experiences, provide my knowledge and guide you in the journey from wealth creation through wealth transfer.

]]>radiopete.comRiverside.fm (https://riverside.com)Thu, 28 May 2026 11:26:56 GMTThu, 11 Dec 2025 21:07:07 GMT60Pete Williams<p>This podcast is about everything wealth: from building it to saving it to investing it and ultimately to passing it on through an estate plan. My name is Pete Williams. I have been in the estate and investment business for over 40 years. I would like to share my experiences, provide my knowledge and guide you in the journey from wealth creation through wealth transfer.</p>episodicPete Williamspete@radiopete.comno<![CDATA[HEMS: How to "skirt" structured payouts]]>Often a trust leaves inheritance to beneficiaries in a structured, or delayed, payout instead of an all-at-once payout on the death of the Settlor. But, there is often language in the trust allowing the Trustee to make exceptions in the case of emergencies. This is often found in the "HEMS" language which are payouts for Health, Education, Maintenance and Support.

]]>8112444a-14a0-4bb8-8650-1e52b0a36ac9Mon, 18 May 2026 22:08:21 GMT<p>Often a trust leaves inheritance to beneficiaries in a structured, or delayed, payout instead of an all-at-once payout on the death of the Settlor. But, there is often language in the trust allowing the Trustee to make exceptions in the case of emergencies. This is often found in the "HEMS" language which are payouts for Health, Education, Maintenance and Support.</p>no00:17:46HEMS: How to "skirt" structured payoutsfull<![CDATA[Revocable Living Trusts Pt3]]>In this episode of Revocable Living Trusts we get into some of the mechanics of trust administration post-death. The named successor trustee steps into the shoes of the decedent Settlor and now manages the trust property. They have a fiduciary responsibility to the beneficiaries of the trust to act in good faith and with proper capability. The trustee must perform valuations of property, accountings to the beneficiaries, assure that taxes are paid - both pre- and post- death.

]]>3009555f-9d9a-4604-9917-482d48de3581Thu, 07 May 2026 21:42:38 GMT<p>In this episode of Revocable Living Trusts we get into some of the mechanics of trust administration <i>post-death.</i> The named successor trustee steps into the shoes of the decedent Settlor and now manages the trust property. They have a fiduciary responsibility to the beneficiaries of the trust to act in good faith and with proper capability. The trustee must perform valuations of property, accountings to the beneficiaries, assure that taxes are paid - both pre- and post- death.</p>no00:43:01Revocable Living Trusts Pt3full<![CDATA[Revocable Living Trusts Pt2]]>Continuation of a discussion of RLTs. In this episode we look at some of the terms and tax ramifications of the trust. While the trust is under the control of the Settlor/Creator while they are alive and well, it is important for a beneficiary to know why certain terms are included which might affect their ultimate inheritance.

]]>bfc5e7ff-dbae-427d-aa78-7496fc68ed8dThu, 07 May 2026 21:36:32 GMT<p>Continuation of a discussion of RLTs. In this episode we look at some of the terms and tax ramifications of the trust. While the trust is under the control of the Settlor/Creator while they are alive and well, it is important for a beneficiary to know why certain terms are included which might affect their ultimate inheritance.</p>no00:14:45Revocable Living Trusts Pt2full<![CDATA[Revocable Living Trusts Pt1]]>This episode introduces the Revocable Living Trust ("RLT") which is often the centerpiece of modern estate plans. I talk about how they are created and who the parties are in this three-party entity.

]]>03a1303b-a6cf-4a43-baea-7d1c95901504Thu, 07 May 2026 18:43:59 GMT<p>This episode introduces the Revocable Living Trust ("RLT") which is often the centerpiece of modern estate plans. I talk about how they are created and who the parties are in this three-party entity.</p>no00:17:0521Revocable Living Trusts Pt1full<![CDATA[Testamentary Trusts]]>The episode explores the concept of a testamentary trust, its creation, structure, duration, distribution, comparison with living trust, and tax ramifications. It provides insights into the purpose, benefits, and legal aspects of testamentary trusts.

Takeaways

  • Testamentary trusts are created through wills and provide a structured way to hold and distribute assets for beneficiaries.
  • Understanding the tax implications and differences between testamentary trusts and living trusts is crucial for estate planning.

Chapters

  • 00:00 Introduction to Testamentary Trust
  • 07:05 Distribution and Payouts from Testamentary Trust
  • 12:19 Tax Ramifications of Testamentary Trust
]]>f820a6bd-8bd3-4c5e-bb3a-b12e18b63a07Thu, 23 Apr 2026 18:26:49 GMT<p>The episode explores the concept of a testamentary trust, its creation, structure, duration, distribution, comparison with living trust, and tax ramifications. It provides insights into the purpose, benefits, and legal aspects of testamentary trusts.</p><p></p><p>Takeaways</p><ul><li>Testamentary trusts are created through wills and provide a structured way to hold and distribute assets for beneficiaries.</li><li>Understanding the tax implications and differences between testamentary trusts and living trusts is crucial for estate planning.</li></ul><p></p><p>Chapters</p><ul><li>00:00 Introduction to Testamentary Trust</li><li>07:05 Distribution and Payouts from Testamentary Trust</li><li>12:19 Tax Ramifications of Testamentary Trust</li></ul>no00:11:4815Testamentary Trustsfull<![CDATA[Probate: What Goes On Pt 3]]>We wrap up talking about the probate process and point out that the beneficiary has a right to question or protest actions by an Executor or Administrator; but, that it must be done very carefully.

]]>0def4721-46d3-458e-b7da-833e0731c6bbThu, 02 Apr 2026 19:10:47 GMT<p>We wrap up talking about the probate process and point out that the beneficiary has a right to question or protest actions by an Executor or Administrator; but, that it must be done very carefully.</p>no00:11:5814Probate: What Goes On Pt 3full<![CDATA[Probate: What Goes On Pt 2]]>In this Episode of "Books for Beneficiaries" we delve into the specifics of what goes on in a Probate once an Executor/Administrator has received their charging orders ("Letters"). Consolidating assets, identifying and paying debts, taxes and filing an Accounting to the court.

]]>40e4f9c1-df44-490f-b781-a62a0479666aSat, 28 Mar 2026 00:51:11 GMT<p>In this Episode of "Books for Beneficiaries" we delve into the specifics of what goes on in a Probate once an Executor/Administrator has received their charging orders ("Letters"). Consolidating assets, identifying and paying debts, taxes and filing an Accounting to the court.</p>no00:14:2214Probate: What Goes On Pt 2full<![CDATA[Probate: How Did I Get Here? Pt 1]]>Probate. Part 1 of a series on navigating the probate process. In this first of the series, we introduce terms and how the Executor (or Administrator) acquires their power to handle a probate estate.

]]>d482585e-4893-4bdf-a7a0-afb9890cfed3Thu, 19 Mar 2026 22:26:44 GMT<p>Probate. Part 1 of a series on navigating the probate process. In this first of the series, we introduce terms and how the Executor (or Administrator) acquires their power to handle a probate estate.</p>no00:15:09Probate: How Did I Get Here? Pt 1full<![CDATA[Pour Over Will: What is it?]]>In this episode we drill down to explain some of the nuanced lingo of financial and estate planning. Today we ask "What is a 'Pour Over Will', a term that when you first hear it may not be immediately obvious. If you are confused, I hope this quick explanation can clear thing up.

]]>47ebb915-3b6e-4564-b3b8-56aa32b9a48cThu, 19 Mar 2026 21:35:48 GMT<p>In this episode we drill down to explain some of the nuanced lingo of financial and estate planning. Today we ask "What is a 'Pour Over Will', a term that when you first hear it may not be immediately obvious. If you are confused, I hope this quick explanation can clear thing up.</p>no00:06:1513Pour Over Will: What is it?full<![CDATA[BUY BORROW DIE]]>The conversation explores how the wealthy make a living, focusing on the buy, borrow, die strategy as a wealth preservation and tax minimization approach. It delves into the buy phase, borrow phase, and die phase, highlighting the advantages and implications of each.

Takeaways

  • Wealthy individuals live off their capital, not their labor.
  • The concept of buy, borrow, die is a wealth preservation and tax minimization strategy.
]]>2cfabf0a-500a-4667-9d5e-7205b200fe9dFri, 13 Feb 2026 18:42:45 GMT<p>The conversation explores how the wealthy make a living, focusing on the buy, borrow, die strategy as a wealth preservation and tax minimization approach. It delves into the buy phase, borrow phase, and die phase, highlighting the advantages and implications of each.</p><p></p><p>Takeaways</p><ul><li>Wealthy individuals live off their capital, not their labor.</li><li>The concept of buy, borrow, die is a wealth preservation and tax minimization strategy.</li></ul>no00:12:18BUY BORROW DIEfull