Episode 5 - Lange's Cascading Beneficiary Plan

The 5th Episode of the Lange Money Hour, Jim discusses his revolutionary estate planning plan, Lange's Cascading Beneficiary Plan. What is it? Well in his own words:

In the early nineties, I began thinking creatively about this problem. My objective was to revolutionize my firm’s estate planning practice by drafting documents that could accommodate changing circumstances—the key, as I saw it, would be flexibility within a reasonable set of assumptions. Lange’s Cascading Beneficiary Plan, as it came to be called, uses specific language and disclaimers to provide the most flexibility when it is needed the most—at the time of the death of the first spouse when the surviving spouse and the family have the most current picture of their finances and family dynamics. We were aiming for less guesswork decades in advance!

You can read about the Lange Cascading Beneficiary Plan on Jim's website paytaxeslater.com in the blog section!