In this episode of the Lyons Share Podcast, host Mitch Lyons sits down with estate planning attorney John Inhulsen from Inhulsen Law to debunk common myths and provide essential guidance on protecting your family’s future.
Key Topics Covered:
- Why estate planning isn’t just for the wealthy—it’s for everyone
- The critical difference between wills and trusts (and why a will alone sends you to probate)
- Common mistakes people make with beneficiary designations and outdated plans
- How the SECURE Act changed retirement account inheritance rules
- Special considerations for business owners: succession planning, buy-sell agreements, and liquidity strategies
- Recent legislative updates including federal estate tax limits
