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What is the difference between a will and a trust? Find out on the difference on today’s episode as well as the importance of an estate planning attorney.
On This Episode:
Our guest today is estate planning expert Jeremy Cooper, a partner with Cooper Coons Ltd., which is focused on estate planning, asset protection, trust administration, probate, and any matters related to these areas of law.
Upon graduating from Brigham Young University, Jeremy worked as a senior associate with PricewaterhouseCoopers, LLP’s corporate tax group in Silicon Valley. After spending several years in public accounting and becoming a licensed CPA, Jeremy returned home to Las Vegas to pursue his longtime goal of attending law school.
Jeremy is a member of the Nevada Society of CPAs and the Southern Nevada Estate Planning Council.
During our interview, Jeremy shares:
- Why you should find an attorney who specializes in estate planning
- The difference between a will and a trust
- Why a will won’t necessarily protect you from probate
- Why you want to avoid probate
- How they handle clients with a higher net worth
- The difference between an LLC or Series LLC
Thanks for listening to this week’s show. Feel free to utilize the timestamps below to skip around to specific topics.
Timestamps:
0:35 – Meet Jeremy
2:06 – Focusing on estate planning
2:55 – Will vs. trust
4:00 – Levels of probate
5:21 – Higher net worth
10:40 – Asset protection trusts
14:30 – LLC vs. Series LLC
“There’s a common misconception out there that if you have a will, that avoids the process of probate.” – Jammie Avila
