Summary: (1) You moved to another state, (2) The objects of your affection change, (3) Your assets or liabilities change, (4) Your qualified retirement plan is outdated, (5) Executors or trustees become inappropriate
Summary: (1) Stay put, (2) Outright gift, (3) Sale for a bargain price, (4) Full-price sale with seller financing…
Summary: (1) Name the right executor; (2) Include personal property; (3) Don’t tie up the money for too long; (4) Explain any unequal bequests …
Summary: (1) How are we going to organize and simplify my assets? (2) What sorts of accounts and trusts will we use and how will they be managed? (3) How will you work with my trusted contact, while I’m well, and after I’m sick or deceased?
Summary: (1) William Shakespeare; (2) Leona Helmsley; (3) Charles Dickens; (4) Harry Houdini; (5) Napoleon Bonaparte …
Summary: (1) A will can oversee the distribution of all my assets; (2) Once I have my assets in order, I’m set; (3) I can get around to drawing up a will better when I’m older…
Summary: (1) Update your health care docs; (2) Change your power of attorney; (3) Check if some things can’t be changed; (4) Update your will…
Summary: (1) Beneficiary blunders (2) Selling property for $1 (3) Naming specific investments in your will (4) Not thinking through a well-intended gift (5) Leaving assets directly to a minor without dealing with guardianship issues (6) Not planning for the death of a beneficiary (7) Ownership mistakes and imbalances (8) Not having a residuary clause (9) Not planning for the unexpected (10) Not dealing with your own mortality
In this episode, Anthony interviews Laura Cowan, an estate planning attorney in the NYC area. Unlike what most people think, an estate plan is necessary for every family — definitely something not only for the rich! Listen as Laura walks us through the do’s and don’ts of estate planning, what it really means, it’s importance in your family, the protection it provides, and a lot more.
