Welcome in to the 105th episode of the PharmD Money Podcast.

On todays episode, we take a look at the upcoming 2024 election. The White House, Senate, and House of Representatives are up for grabs.

Who wins what is anyone's guess at this point. However, that doesn't mean you shouldn't be planning for each possible outcome. Especially when it comes to your tax planning.

Derek walks through what his prediction for the future of taxation will be depending on who wins in 2024. He looks at what might happen to future taxes if Republicans sweep, if Democrats sweep, or if a mixed government happens.

Enjoy the show!

What is a trust? Do you need a trust? Is a trust the end all, be all of estate planning? There are a lot of questions people have when it comes to their estate planning. Creating a trust is one of the most important.

In this podcast episode, Derek outlines what a trust is and the different types of trusts that can be created.

If you're interested in learning more about trusts and determining if one fits your needs, this episode is for you!

It's common advice to get a Will or a Trust created as part of your estate planning strategy. Often times, many people don't understand what happens when those type of documents "kick-in."

When it comes to your Will, you're heirs will most likely get to experience the probate process after you die.

So what is the probate process and how does it work?

In this podcast episode, Derek talks about the purpose of probate, the advantages and disadvantages, and what type of assets will be subject to probate when you die.

Enjoy the show!