Ledly Jennings

Christ Driven. Estate, Business, & Wealth Planning.
Law Firm Owner.

[Ledly Jennings @LedlyJennings]

Why is probate bad?

Example. You own a property. You die. Your Will leaves that property to your kid. Your kid wants to sell the property.

These are the steps:

[Ledly Jennings @LedlyJennings]

@pslohmann Just guessing… do you vote democrat?

[Ledly Jennings @LedlyJennings]

@Vineethb24 @claudeai @grok @grok is this just for a Mac?

[Ledly Jennings @LedlyJennings]

@Drsamd11 @DaveShapi @grok @grok what can your agents do?

[Ledly Jennings @LedlyJennings]

@jennyrozelle Biggest headache of my practice. No one knows what they own.

[Ledly Jennings @LedlyJennings]

@IterIntellectus @grok tldr

[The Money Cruncher, CPA @money_cruncher]

HSA hack:

- Don't use HSA funds to pay for medical expenses
- Use a credit card instead (assuming you can pay it off in full)
- Invest HSA funds
- Save medical receipts on the cloud (take a pic)
- Reimburse yourself in 15-20 years

The HSA will grow tax-free and the money doesn't expire.

[Ledly Jennings @LedlyJennings]

@SMB_Attorney Where does the revenue come from to justify this pay? Are they just large large deals and clients?

[Ledly Jennings @LedlyJennings]

@clintwfischer @DD03F7 When parents died, if sons sons land soon after, would they get a step up to parents DOD value?

[Ledly Jennings @LedlyJennings]

@FedotOff90 783k

[Ledly Jennings @LedlyJennings]

@bestonkeghtor Link?

[Ledly Jennings @LedlyJennings]

@shawngorham @pinpulleddrmf Pk is the best!

[SMB Attorney @SMB_Attorney]

Happy Monday. This is the most powerful thing I've ever read.

If you're a builder, stop what you're doing and read this out loud...

***
A letter from @tferriss 's trainer (Coach Sommer) to Tim:

“Hi Tim,

Patience. Far too soon to expect strength improvements. Strength improvements [for a movement like this] take a minimum of 6 weeks. Any perceived improvements prior to that are simply the result of improved synaptic facilitation. In plain English, the central nervous system simply became more efficient at that particular movement with practice. This is, however, not to be confused with actual strength gains.

Dealing with the temporary frustration of not making progress is an integral part of the path towards excellence. In fact, it is essential and something that every single elite athlete has had to learn to deal with. If the pursuit of excellence was easy, everyone would do it.

In fact, this impatience in dealing with frustration is the primary reason that most people fail to achieve their goals. Unreasonable expectations timewise, resulting in unnecessary frustration, due to a perceived feeling of failure. Achieving the extraordinary is not a linear process.

The secret is to show up, do the work, and go home.

A blue collar work ethic married to indomitable will. It is literally that simple. Nothing interferes. Nothing can sway you from your purpose. Once the decision is made, simply refuse to budge. Refuse to compromise.

And accept that quality long-term results require quality long-term focus. No emotion. No drama. No beating yourself up over small bumps in the road. Learn to enjoy and appreciate the process. This is especially important because you are going to spend far more time on the actual journey than with those all too brief moments of triumph at the end.

Certainly celebrate the moments of triumph when they occur. More importantly, learn from defeats when they happen. In fact, if you are not encountering defeat on a fairly regular basis, you are not trying hard enough. And absolutely refuse to accept less than your best.

Throw out a timeline. It will take what it takes.

If the commitment is to a long-term goal and not to a series of smaller intermediate goals, then only one decision needs to be made and adhered to. Clear, simple, straightforward. Much easier to maintain than having to make small decision after small decision to stay the course when dealing with each step along the way. This provides far too many opportunities to inadvertently drift from your chosen goal. The single decision is one of the most powerful tools in the toolbox.”

Lets go to work.

[Elon Musk @elonmusk]

Perfectly articulated

[Ledly Jennings @LedlyJennings]

@ianweiner90 Exactly. Very challenging in my business, no reoccurring. $5k is a high end fee in what I do.

I need to rethink product offering and pricing!

[Ledly Jennings @LedlyJennings]

@ianweiner90 $5k

Also interested in the idea. Bouncing around what is a target annual revenue per client.

[Ledly Jennings @LedlyJennings]

@ianweiner90 Further comment - does it matter how and when the client is charged? (Quarterly, annually, etc) (do they see the charge or does it come as an AUM fee?)

[Ledly Jennings @LedlyJennings]

@ForemanTaxLaw Awesome! Will send you a dm and subscribing to the pod now.

[Ledly Jennings @LedlyJennings]

Anyone out there well versed in the tax benefits of owning real estate, both personally and in your business?

Would like to have someone on my podcast to discuss this.

[Ledly Jennings @LedlyJennings]

@MireCpa I will subscribe now!

[Ledly Jennings @LedlyJennings]

@cordes_tax @RyanBakkeCPA Awesome. Thank you!