Tyler welcomes estate planning attorney Connor Kelly of Kelly Law Firm to break down the new Kansas Community Property Trust Act under House Bill 2590. Connor explains the trade-offs and benefits and why it may be worth a closer look for some families. For the right couple, this could open a valuable planning opportunity, but only if they understand exactly what they’re signing up for.

Here’s what we cover in this episode:

⚖️ Property Systems: The difference between common law property and community property

📈 Basis Step-Up: Why the distinction can matter for appreciated assets

🧾 Trust Setup: What is required to establish and maintain this type of trust

💡 Potential Benefits: Why highly appreciated assets may be the strongest fit

⚠️ Trade-Offs: Creditor exposure, divorce consequences, and uncertain federal tax treatment

🚫 Poor Fits: Why retirement accounts and certain family situations may not belong in this strategy

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It’s spooky season. And while most people are thinking about haunted houses and horror movies, a lot of pre-retirees have scarier things on their minds: running out of money, or a market crash at exactly the wrong time. Today, Sean’s shining a flashlight on five of the biggest financial frights and how to prepare for them. Most of what scares people about retirement isn’t the event itself. It’s not knowing what happens next. A plan won’t make the unknowns disappear, but it can make them a lot less frightening. Happy Halloween.

Here’s what we discuss in this episode:

💀 Running Out of Money: Longevity makes income planning critical

📉 Market Timing Matters: Early losses can create added pressure

🏥 Healthcare Adds Up: Costs can be easy to underestimate

🧠 Long-Term Care Is Real: One spouse’s care can affect both

💔 Plan for One Survivor: Losing a spouse changes income and taxes

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