The 3 Parts to a Perfect Estate Plan Part 1a: Planning for Incapacity
Today kicks off a brand-new series on estate planning.
Estate planning is one of those things everyone knows they should dobut far too many people put it off, sometimes until its too late. And the truth is, whether your financial situation is complex or pretty straightforward, having a solid estate plan isnt just about what happens after you're gone. Its also about making things easier for your loved onesand protecting yourselfwhile you're still here.
Thats why were launching this special series to break estate planning down into simple, practical steps. Well walk through the essential documents you need, the common mistakes that can derail a plan, and some of the more advanced strategies for protecting and passing on your wealth efficiently.
Whether youre starting from scratch or just need to update an existing plan, this series will give you the roadmap you need.
Now, we originally thought we could cover the first part of this in a single episodebut planning for incapacity turned out to be too important to rush. In this episode, well cover why incapacity planning is essential, real-life scenarios that make it critical, and the foundational documents every adult should have: Financial and Medical Powers of Attorney, and Advance Directives.
Although this show does not provide specific tax, legal, or financial advice, you can engage Devin or John through their individual firms.
Contact Devins team at https://carrolladvisory.co/podcast1
Contact Johns team at https://www.rossandshoalmire.com/
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Dont miss the Big Picture Retirement Planning Cheat Sheet. We've distilled the essential brackets, thresholds, and rules of retirement into an easy-to-digest, three-page summary. https://www.carrolladvisory.com/pl/2148282517
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