Protecting and Preserving Assets, with Rob Romano

Episode 31:

Episode Topic:

In this episode of Not Just A Transaction, hosts Nick Prefontaine and Zachary Beach speak with special guest Rob Romano, Attorney of Massachusetts-based estate planning firm, Robert Romano Law. Rob shares how he helps families protect and preserve their assets in preparation for the unknown and the inevitable.

Glossary of Special Terms Used in this Episode:

  • Estate plan: a collection of legal documents planned to handle your assets and wishes after death or incapacitation
  • Trust: a legal document giving another party the ability to execute your division of assets after death or incapacitation
  • Will: a legal document stating wishes for the division of assets after death

What you’ll learn about in this episode:

  • What’s the only asset that cannot have beneficiaries
  • The #1 mistake the Rob see’s the average person make
  • Why most people do not have an estate plan
  • The difference between a trust and a will
  • How having an estate plan benefits property owners
  • The three life phases of estate planning


Additional Resources:

Rob Romano’s Bio:

Robert E. Romano has over 29 years of service helping families on the South Shore work towards achieving their financial goals. Beginning as a financial advisor in 1992 (and a Certified Financial Planner since 1997), he has enjoyed helping others gain financial security.

Mr. Romano went to law school after seeing the impact of increased medical expenses and nursing home costs on his clientele’s life savings. He saw the need to address the issue to help his clientele and went to law school at night while keeping his practice as a financial advisor and graduated in 2004. He is a member of the National Academy of Elder Law Attorneys (NAELA) and collaborates with both Massachusetts attorneys and leading Estate planning attorneys nationwide.

Robert E. Romano is now fully dedicated to estate planning and helping families protect their assets in order to pass them on to their heirs according to their personal wishes. He takes great pride in getting to know his clients, their family situation, understanding their unique values, circumstances, and goals, and in designing customized strategies to achieve their wishes. Mr. Romano helps his clients obtain significant results, such as avoiding probate; reducing income taxes, estate/gift and other taxes; protecting assets; preserving wealth; providing for children and grandchildren; and preventing the erosion of assets that they worked so hard to accumulate from the impact of unknown future medical expenses.

Mr. Romano has been a lifelong South Shore resident and has made his home in Quincy for the past twenty-five years. He attended Hingham High School, Bentley College (BS in Finance), and the New England School of Law (Juris Doctor).

Nick’s Bio:

In 2003, Nick Prefontaine was in a snowboarding accident that left him in a coma for over 3 weeks. The doctors told his parents that he probably wouldn’t walk, talk, or eat on his own again. Less than 3 months later, he was running out of Franciscan Children’s hospital. Now Nick speaks to groups that benefit from his message of overcoming adversity.

Nick grew up in the real estate industry and got started at an early age. Most notably, he was knocking on Pre-Foreclosure doors at 16, doing up to 50 doors a day. This experience helped shape Nick’s real estate career. When someone opens the door you better have something compelling to say.

Now, Nick specializes in working with lease purchase buyers to get them into a home and on the path to home ownership. That includes working with them throughout the entire deal which ends in them being able to get their own loan. Getting buyers to the finish line is something Nick and the entire Pre Property Solutions team take pride in. That is something that separates them from their competition. Regardless of a buyer’s credit situation, he looks at their complete financial picture and comes up with a plan to get them into a home.

Zachary’s Bio:

Zachary is an Amazon Best-Selling Author of The New Rules of Real Estate Investing and revised edition of Real Estate On Your Terms. He has been an authority in real estate for 7 years now and has personally completed hundreds of real estate transactions and has mentored investors to complete thousands of transactions.

At the age of 25, Zachary decided to leave the world of bartending and personally training and jump into the family business. Now he is an equal partner and runs the acquisitions department, focusing on helping sellers accomplish their goal of selling their property.

If Zachary is not working, you will find enjoying the outdoors or spending time with his wife Kayla and two kids Remi and Bellamy. His passion for family and business is what keeps him motivated and excited to take on each day.