Estate Planning & Starting a Trust During Your Divorce
PODCAST: Estate Planning & Starting a Trust During Your Divorce
Priya Royal is the Managing Attorney at Royal Law Firm, PLLC. She specializes in taxation, trusts and estates, and business law. Priya was recently named a Rising Star by Super Lawyers and is considered the creme de la creme of trust and estate attorneys in the District of Columbia. She joins Stacy Francis to discuss narrowing the wealth gap, and shares the ins and outs that women with significant assets need to know to protect themselves in the event of divorce and/or remarriage.
– Estate planning is a necessary practice during or after a divorce.
– A trust ensures that the people and things that you consider most important are taken care of. Financial advisors and investment managers assist in protecting your assets in a trust.
– Designing a trust is the responsibility of your estate planning attorney, so it is imperative that you work with a reputable one who understands all your options and can lay them out for you.
– In order to build intergenerational wealth in marginalized communities, women need to support one another and share resources and expertise.