Dollar Wise Podcast

By: HFM Investment Advisors LLC
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  • Summary

  • The HFM Advisor Team shares our experiences working everyday with clients going through life’s transitions. We provide some insights into the personal finance topics of the day and even share the mic with guests from our network of outside professionals. We love what we do and who we do it for, so we hope you enjoy getting to know us and learning some things along the way!
    Copyright 2024 HFM Investment Advisors, LLC
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Episodes
  • Beyond the Will, How to Make A Difficult Time Easier on Those Left Behind

    Beyond the Will, How to Make A Difficult Time Easier on Those Left Behind
    Jul 3 2024

    Welcome back to the Dollar Wise Podcast. In this episode, Jason Gabrieli is joined by Brittany Tedesco from Bratton Law Group to discuss the essential steps and considerations when dealing with the death of a loved one. The conversation covers the importance of having a will, the difference between probate and non-probate assets, and practical advice on how to manage estate administration effectively. This episode aims to provide listeners with crucial insights to ease the burden during such challenging times.

    Tune into this episode to also learn:

    • Key steps to take immediately after a loved one passes away.
    • The role of a funeral representative in estate planning.
    • Differences between probate and non-probate assets.
    • Practical tips for managing estate accounts and distributions.

    What we discussed

    • [00:02:00] Immediate steps to take after a death, including waiting periods and obtaining death certificates.
    • [00:04:13] Essential documents for estate planning: wills, powers of attorney, and HIPAA releases.
    • [00:07:56] Differentiating between probate and non-probate assets and their impact on estate administration.
    • [00:10:38] Opening an estate account and managing the deceased's assets.
    • [00:13:22] Filing inheritance tax returns and handling the estate's financial obligations.
    • [00:16:44] Preparing executors for their roles and ensuring open communication with beneficiaries.
    • [00:19:22] The importance of updating beneficiary information and having detailed records.

    3 Things To Remember

    1. Always have essential estate planning documents in place, including a will and powers of attorney.
    2. Understand the difference between probate and non-probate assets to streamline the estate process.
    3. Open communication with your executor and family members can significantly ease the estate administration process.

    Useful Links

    Connect with Jason Gabrieli: LinkedIn

    Connect with Brittany Tedesco : btedesco@BRATTONLAWGROUP.COM

    Like what you’ve heard…

    Learn more about HFM HERE

    Schedule time to speak with us HERE

    Check out our Financial Wellness Program – HFM Ignite
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    23 mins
  • From Grief to Relief: Saving on Taxes After Saying Goodbye

    From Grief to Relief: Saving on Taxes After Saying Goodbye
    Jun 14 2024

    Welcome back to the Dollar Wise Podcast. In this episode, Jason Gabrieli and guest Brian Masessa, CPA from Premier Accounting Services, delve into the financial complexities that arise when a loved one passes away. They discuss the essential steps executors must take, the intricacies of probate, and the importance of proper documentation. Brian explains the different types of taxes involved, including income and estate taxes, and offers advice on how to manage and mitigate these liabilities. This episode is a must-listen for anyone looking to understand how to handle financial responsibilities after a death.

    Tune into this episode to also learn:

    • The critical steps in the probate process and why timely action is crucial.
    • How to manage and minimize estate and inheritance taxes.
    • The role and responsibilities of an executor in estate management.
    • Tips for preparing and organizing financial documents before death.

    What we discussed

    • [00:01:19] Introduction to the sensitive topic of financial steps after death.
    • [00:02:38] The role of an accountant in managing estates.
    • [00:06:37] The probate process overview and key documentation needed.
    • [00:10:43] Handling ongoing expenses and income after someone passes away.
    • [00:16:09] Differences between estate and inheritance taxes.
    • [00:24:07] Best practices for preparing and organizing financial documents.

    3 Things To Remember

    1. Understanding the probate process helps in managing estate complexities efficiently.
    2. Proper documentation and early involvement of professionals can save significant tax expenses.
    3. Executors must be diligent in their fiduciary responsibilities to ensure fair and legal asset distribution.

    Useful Links

    Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedIn

    Connect with Brian Masessa: LinkedIn

    Like what you’ve heard…

    Learn more about HFM HERE

    Schedule time to speak with us HERE

    Check out our Financial Wellness Program – HFM Ignite
    Show more Show less
    28 mins
  • Smart Not Spoiled: Raising Financially Savvy Kids

    Smart Not Spoiled: Raising Financially Savvy Kids
    Jun 4 2024

    In this episode of the Dollar Wise Podcast, host Jason Gabrieli is joined by Chad Willardson, president and founder of Pacific Capital, bestselling author, and co-founder of GravyStack. Chad shares his journey of teaching financial literacy to children, inspired by his experiences as a father of five. He discusses the development of GravyStack, an innovative app designed to help kids learn about money through practical activities, and the importance of financial education at a young age. Chad also delves into the philosophy behind his book "Smart Not Spoiled," offering practical advice for parents on raising financially responsible children.


    Tune into this episode to also learn:

    • The inspiration and development behind the GravyStack app
    • Practical steps for parents to teach their kids about money
    • The importance of creating a family mission statement and financial values

    What we discussed

    • [00:02:27] Financial education and entrepreneurship for kids
    • [00:04:29] Teaching kids about money at home vs. school
    • [00:06:03] Practical tips: No allowance, earning through chores
    • [00:09:11] Integrating GravyStack methodologies into family life
    • [00:11:07] Starting financial education early
    • [00:12:01] Long-term vision for GravyStack and financial literacy impact
    • [00:14:13] Practical steps for parents to get started

    3 Things To Remember

    1. Kids learn about money through observation and practical experience.
    2. Stop giving allowances; instead, offer opportunities to earn.
    3. Create a family mission statement and discuss financial values regularly.

    Useful Links

    Connect with Jason Gabrieli: LinkedIn

    Connect with Chad Willardson: LinkedIn


    Like what you’ve heard…

    Learn more about HFM HERE

    Schedule time to speak with us HERE

    Check out our Financial Wellness Program – HFM Ignite
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    18 mins
Management Economics Personal Finance
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