Episode #21: Executing Your Will

November 29, 2018

“RETIRE WITH INTEGRITY” PODCAST

The Principle:

No one likes talking about death, but it’s important you develop an estate plan before you’re gone. We’ll help you prepare your will and legacy plan.

(Click the featured times below to jump forward in the episode)

Honest Takes:

1:39 – You Need A Will And Trust. 

  • So many people come into our office without an estate plan. It’s usually something that’s just slipped through the cracks. Nobody enjoys thinking about death, and usually, it’s something folks simply procrastinate. However, you really need to get some guidance to help you develop a will and trust. You need an attorney and a financial advisor to help you build a legacy plan.

3:02 – The Government Has A Plan For You.  

  • If you don’t have a legacy plan in place, there’s no need to worry. You can bet the government has something in mind for you. They’ll make sure your assets all get tied up in probate court, and they’ll tax them to death along the way. If you don’t designate beneficiaries, you’re going to leave a lot of money to Uncle Sam as your loved ones try to untangle your mess.

3:40 – Attorneys Are Expensive.  

  • Your attorney will sort your will out for you if you don’t, but they’re expensive. Rather than leaving a mess for them to sort through, work with an attorney from the start to help you designate who gets what when you’re gone. Set up a power of attorney for trusted relatives, so they can make decisions on your behalf if you’re incapacitated. Furthermore, work to set an executor of your will as well.

Today’s Truth:

Other Virtues:

The host: Brian Bowen – Contact

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