Tag: Estate Planning

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From Bankruptcy to Financial Success with Chris Bautista (Ep. 89)

From Bankruptcy to Financial Success with Chris Bautista (Ep. 89)

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Your financial advisors aren’t that much different from you. They deal with their own financial struggles and face their own problems when it comes to money. That personal experience can even help them advise clients better in the future.

In this episode, Royal Standley is joined by Chris Bautista, of Oregon Pacific Financial Advisors, who shares his background and experiences with financial struggles and bankruptcy. Chris shares his journey of owning a business and subsequently losing it during an economic downturn before finding his new path in life.

Chris discusses:

  • His professional background leading up to how he became a financial advisor
  • How his experience with bankruptcy shaped his interactions with clients
  • The importance of balancing personal life with financial advising
  • How different generations interact with money and why
  • Why he chose to become a financial advisor and become certified
  • And more

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Connect with Chris Bautista:

About Chris Bautista:

Chris Bautista is a passionate and results-driven professional in the financial services industry with a deep understanding of the intricate world of finance. With extensive experience working with both individuals and businesses, he is committed to helping his clients achieve their financial goals and navigate the complexities of today’s economic landscape. Chris’ expertise lies in providing personalized financial advice, developing tailored strategies and implementing effective wealth management solutions. By leveraging his knowledge and staying abreast of the latest market trends, Chris strives to deliver comprehensive and innovative financial solutions that empower his clients to make informed decisions and secure their financial futures.

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Discussions in this show are for educational purposes only. Information presented should not be considered specific investment advice or a recommendation to take any particular course of action.  Always consult with a financial professional regarding your personal situation before making financial decisions. The views and opinions expressed are based on current economic and market conditions and are subject to change.  All investing involves risk, including the potential for loss of principal.  Securities offered through United Planners Financial Services (UP), Member FINRA/SIPC. Advisory Services offered through Oregon Pacific Financial Advisors, Inc. (OPFA). OPFA & UP are independent companies. Neither OPFA nor UP offers tax or legal advice.

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Will Your Estate Plan Survive a Stress Test? (Ep. 81)

Will Your Estate Plan Survive a Stress Test? (Ep. 81)

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Creating a financial or estate plan is never a one-and-done endeavor. How can advisors help identify the potential problems in a plan and correct the problem before it happens to the client?

In this episode, Royal Standley focuses on stress testing financial and estate plans to ensure the clients have saved enough for the lifestyle they are accustomed to. Royal shares how he helps clients identify their needs and discover possible problems before they happen.

Royal discusses:

  • The basics of estate planning documents and their importance
  • What he looks for when identifying a clients estate and updating financial plans
  • Why stress testing financial and estate plans is essential in identifying financial gaps
  • What questions do advisors ask to adapt the financial plans for their client’s goals
  • And more!

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Resources:

Discussions in this show are for educational purposes only. Information presented should not be considered specific investment advice or a recommendation to take any particular course of action.  Always consult with a financial professional regarding your personal situation before making financial decisions. The views and opinions expressed are based on current economic and market conditions and are subject to change.  All investing involves risk, including the potential for loss of principal.  Securities offered through United Planners Financial Services (UP), Member FINRA/SIPC. Advisory Services offered through Oregon Pacific Financial Advisors, Inc. (OPFA). OPFA & UP are independent companies. Neither OPFA nor UP offers tax or legal advice.

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How To Avoid Becoming An Estate Planning Horror Story (Ep. 73)

How To Avoid Becoming An Estate Planning Horror Story (Ep. 73)

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Creating an estate plan can be a lot of work, making sure everything is covered and all your assets are doing what you want them to. Not having one is even worse.

In this episode, Royal Standley focuses on estate planning, the tools to build a good estate plan and what happens if you don’t have one. Royal dives into the different pieces of estate planning and how having one can ease the way for future beneficiaries without creating confusion.

Royal discusses:

  • How are assets divided in the absence of an estate plan
  • The estate planning questions you should ask your attorney
  • The information you should update on a regular basis
  • What is the revocable trust and how does it fit within traditional estate planning
  • Things to consider when naming beneficiaries, especially with real estate
  • The importance of having a team of professionals to help with estate planning

Connect with Royal Standley:

Discussions in this show are for educational purposes only. Information presented should not be considered specific investment advice or a recommendation to take any particular course of action.  Always consult with a financial professional regarding your personal situation before making financial decisions. The views and opinions expressed are based on current economic and market conditions and are subject to change.  All investing involves risk, including the potential for loss of principal.  Securities offered through United Planners Financial Services (UP), Member FINRA/SIPC. Advisory Services offered through Oregon Pacific Financial Advisors, Inc. (OPFA). OPFA & UP are independent companies. Neither OPFA nor UP offers tax or legal advice.

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64. The IRA of the Next Generation

64. The IRA of the Next Generation

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The next generation will eventually inherit your IRA. How you prepare your accounts and beneficiaries today will impact the inheritance they will receive.

In this episode, Royal Standley discusses the changes to IRA inheritance. He recounts how the SECURE Act changed IRA inheritance depending on the beneficiary’s age and relation to the deceased. Royal discusses how the IRA will be taxed after you are gone and the differences between a single beneficiary and a charity foundation being named beneficiary.

Royal discusses:

  • Why the government changed IRA inheritance
  • How your relationship to the deceased impacts your inheritance
  • What you will be taxed depending on when you withdraw the inheritance
  • The benefits of naming a charity as the beneficiary

Connect with Royal Standley:

Resources:

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Episode 53 – How To Avoid 15 Common Financial Planning Mistakes

Episode 53 – How To Avoid 15 Common Financial Planning Mistakes

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Sometimes, one small mistake can completely derail your financial plan and stop you from achieving your life goals.

In this episode, Royal Standley goes through a list of 15 common financial planning mistakes that he has encountered in working with clients over the years. Along with discussing the root causes of these mistakes, he also shares tips on how to avoid them, or even fix them if you’ve already committed the mistake.

You will learn:

  • Things that can go wrong while attempting to time the market in the short run
  • The importance of saving early and living well within your means
  • How to plan for the worst-case scenario as part of your risk management
  • Tips to overcome procrastination and take the crucial first step towards financial planning
  • And more!

Tune in now to learn how you can avoid the most common pitfalls while building your financial plan!

Resources: Oregon Pacific Financial Advisors |  About Royal Standley  | Schedule Online with Royal Standley | (541) 772-1116 | Email Royal Standley | Episode 6 – It’s Never Too Soon to Start Estate Planning | Episode 8 – How to Use Dave Ramsey’s Baby Steps | Episode 12 – Let’s Talk About Your Money and Your Taxes | Episode 16 – Your Top Life Insurance Questions Answered | Episode 27 – How Much Insurance Coverage Do You Actually Need? — With James Monroe | Episode 41 – Setting Your S M A R T Goals

Advisory Services offered through Oregon Pacific Financial Advisors, Inc. Securities offered through United Planners Financial Services of America, Member FINRA / SIPC. Oregon Pacific Financial Advisors, Inc., and United Planners Financial Services are independent companies.