805 Talk

Want to know what's going on inside the 805? Our show focuses on the Simi Valley, Thousand Oaks and Conejo Valley Communities. We bring you information about real estate, along with interviews of local business owners, nonprofit organizations, government officials, community leaders, and topics affecting our communities. Come on in!

Lessons about Disaster Preparedness from a Pro 03/11/2025

Lessons about Disaster Preparedness from a Pro Episode Overview In this episode we deviate from the focus on real estate and inheritance. I speak with business continuity expert David Gering of Business Resilience Solutions to discuss how individuals and businesses can prepare for disasters and disruptions. With over 15 years of experience, David shares practical insights into risk management, disaster preparedness, and business recovery. Whether you’re a homeowner, business owner, or simply looking to be better prepared, this conversation is packed with actionable advice to help you navigate uncertain times. Key Topics Discussed: ✅ David’s Background & Experience – How his firsthand experience with earthquakes, wildfires, and business disruptions shaped his career. ✅ Mindset & Disaster Readiness – Why preparation is critical and how stress impacts decision-making. ✅ Evacuation Planning – The importance of go bags, checklists, and what to do before leaving your home in a crisis. ✅ Lessons from Recent Wildfires – How wildfires have changed over the years and why modern fires are harder to fight. ✅ Communication During Disasters – Why cell phones may fail and how to establish alternative communication plans. ✅ Earthquake Preparedness – The impact of aftershocks and key takeaways from the Northridge Earthquake. ✅ Business Continuity Planning – How businesses can prepare for major disruptions by focusing on three key impact areas. ✅ Recommended Resources & Apps – Tools for staying informed and managing emergencies effectively. Key Takeaways & Actionable Tips: Always have a go bag ready at home and in your car. Plan for multiple disaster scenarios—fires, earthquakes, power outages, etc. Use checklists to ensure you don’t forget essential items during an evacuation. Consider signing up for emergency alert systems (VC Alert, Alert LA County, Notify LA). Download useful apps such as Watch Duty (wildfire tracking), MyShake (earthquake alerts), and Audacy (radio streaming during emergencies). Businesses should create business recovery plans focusing on data/system loss, loss of workplace, and loss of personnel. Have alternative communication methods, such as out-of-state contacts and text-based messaging. Invest in a generator or backup battery to sustain critical power needs. Resources Mentioned: 📌 Emergency Alert Systems: Ventura County Alerts: ReadyVenturaCounty.org/VC-alert LA County Alerts: Notify LA: Emergency.LACity.gov/NotifyLA 📌 Recommended Apps: Watch Duty (wildfire alerts) MyShake (earthquake warnings) Audacy (radio streaming for real-time news) 📌 Mass Notification Platforms for Businesses: Connect with David Gering 📞 Phone: 805-630-9731 📧 Email: [email protected] 🌐 Website: Final Thoughts: Preparation is key to ensuring safety and business continuity during disasters. By taking proactive steps today, you can improve your resilience and peace of mind. If you have questions or need professional guidance on business continuity planning, reach out to David Gering for expert advice. /episode/index/show/805talk/id/35643415

Estate Planning Essentials with David Schneider 02/23/2025

Estate Planning Essentials with David Schneider Episode Summary: In this insightful episode, I sit down with David Schneider, a seasoned estate planning attorney, to discuss the crucial aspects of estate planning. We explore common mistakes, the importance of having a trust, and how failing to plan can cost families tens of thousands of dollars. David shares real-life cases, explaining why estate planning is essential for every homeowner and how proper preparation avoids probate, delays, and unnecessary expenses. Key Takeaways: 1. Why Every Homeowner Needs an Estate Plan In California, probate proceedings apply if a homeowner passes away with assets over $184,500. Probate is time-consuming and costly, eating up tens of thousands of dollars from estates. A revocable living trust ensures assets pass smoothly without probate delays. 2. Common Pitfalls in Estate Planning Not Funding the Trust: Many people create a trust but fail to transfer their home and assets into it. Without proper funding, the trust is useless. Failing to Update the Trust: Life changes (marriage, children, property purchases) require updates. Outdated trusts can cause legal issues. Misunderstanding Successor Trustees: Picking multiple co-trustees can cause family conflicts. It’s often best to appoint one responsible person. 3. The Hidden Costs of Probate Attorney fees and executor fees are calculated based on the gross value of an estate, not the net equity. On a $1 million estate, probate fees alone can exceed $40,000. Personal representatives can charge the same amount as attorneys, doubling the cost. 4. Avoiding Legal Roadblocks If a homeowner becomes incapacitated (e.g., dementia), their spouse cannot automatically sell the home unless it's in a trust. Power of Attorney does not cover real estate transactions after incapacity unless properly structured. Naming a guardian for minor children is critical to ensure their care in case of an untimely death. 5. Administering a Trust: What Happens After Someone Passes? Successor trustees must follow California probate code, which includes formal notifications and legal procedures. Mistakes in trust administration can lead to lawsuits and prolonged court battles. Working with an estate planning attorney simplifies the process and ensures compliance. Final Thoughts & Action Steps: If you’ve refinanced your home, check that your property is still in your trust. Lenders often remove it during refinancing. Estate planning is not just for the elderly—every homeowner should have a trust in place. Review and update your estate plan every 5-10 years or after major life events. CONTACT INFORMATION: David Schneider (805) 374-8777 /episode/index/show/805talk/id/35394530