Traditional estate planning has long favored living trusts as a cornerstone of asset protection. But are they really the best tool for the job? In this episode, we talk about why the hype around living trusts often fails to deliver real asset protection. Our discussion introduces the Planning Profile Builder—a new way to think about and structure your family's financial planning. Discover how to differentiate between what you need for Estate Transfer, true Asset Protection, and building long-term Family Wealth.

In this episode of the BoomX Academy podcast, asset protection attorney Darol Tuttle joins Family Leaders to discuss the challenges faced by families with members who struggle with various issues such as addiction, disability, disease, ADHD, bipolar disorder, and autism. These individuals often face unemployment or underemployment, leading to unmet shelter and basic needs without familial support. The conversation highlights a critical concern: the long-term impact on these vulnerable family members after the primary caregiver is no longer around. The episode delves into the lack of consideration for the future well-being of these individuals once their parents or primary caregivers pass away. Darol Tuttle introduces the concept of a Family Protection Trust as a potential solution. Unlike traditional special needs trusts, this trust encompasses comprehensive provisions that not only address the immediate financial and caregiving needs but also provide robust asset protection and a financial framework designed to ensure long-term success and stability for the beneficiaries. Listeners gain insights into the importance of proactive estate planning and the necessity of incorporating both financial and legal strategies to safeguard the future of vulnerable family members. The discussion emphasizes the need for a holistic approach to estate planning, ensuring that all potential challenges are addressed to provide a secure and supportive environment for those who rely on continued assistance.