Trusts, Taxes, and Teamwork with Drew Shumski (Ep. 5)

Trusts, Taxes, and Teamwork with Drew Shumski (Ep. 5)

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Retirement planning involves more than balancing spreadsheets—it demands coordination, trust, and holistic collaboration.

This week on JubilAge, Carol Chiarito is joined by Drew Shumski, an experienced financial advisor with over 20 years of experience and a military background. Together, they uncover the essential role of collaboration between financial advisors and attorneys in creating a stable and prosperous retirement.

Drew shares compelling stories from his career, highlighting challenges like unfunded trusts and outdated wills while offering practical strategies to safeguard assets, reduce tax burdens, and adapt to changing laws and life circumstances.

Whether you’re a financial advisor, client, or a senior preparing for the future, this episode provides actionable insights to keep your financial house in order.

Key Highlights:

  • The “General Contractor” Role: Advisors should orchestrate collaboration between financial, legal, and insurance professionals
  • Trusts Simplified: Learn how trusts can protect families in second marriages, special needs planning, and tax optimization
  • Stay Ahead of Change: Discover why updating documents like wills and trusts is crucial as laws and circumstances evolve
  • Ask the Right Questions: Key questions clients should ask about their advisors’ collaboration with legal professionals
  • Real-Life Wins: Hear how Drew’s proactive approach saved a client’s estate from potential legal pitfalls
  • Carol’s Wisdom: Build a strong “team on your boat” to ensure seamless financial and legal support
  • And much more!

Resources:

Connect with Carol Chiarito:

Connect with Drew Shumski:

About Our Guest:

Drew Shumski is an Investment Adviser Representative for the Montgomeryville area, which is in the Philadelphia, PA Area. He was the Principal of Wealth Planners Group and merged with NetWorth Asset Management on November 15, 2012. 

He specializes in advanced estate, Business Planning, Investments and Insurance Planning, Debt Reduction, Taxation Strategies and Wealth Management.  Drew has a Series 7, Series 24, and Series 66 license and holds RFC and LUTCF professional designations.

He attended Montana State University (Finance) (ROTC) and served in the US Army Reserves.

Drew has been in the financial services industry since 1997 and has received numerous honors and awards from several different companies.  He has been a member of The Million Dollar Round Table (MDRT) since 2001 and is a Top of the Table member, as well as the Forum 400. He has served in various roles and task forces for MDRT and is also active with the MDRT Foundation, where he is an Excalibur Knight and served on various committees. Drew is currently serving on three national committees for the National Association of Insurance & Financial Advisors (NAIFA) and chairs the Annual 2021 Performance & Purpose Conference.

Drew is past President of the Lehigh Valley National Association of Insurance & Financial Advisors (NAIFA). Drew’s influences are Roger Hubley’s Zero Tax Planning Concepts and Tax Management Investing.

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