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Estate Planning Mistakes You Need to Avoid
Manage episode 343300619 series 3402746
Konten disediakan oleh J’Neanne Theus. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh J’Neanne Theus atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
Not everyone chooses to leave a financial legacy, but if you’re someone who would, then estate planning is crucial. Make it a part of the conversation when you’re working on retirement, but make sure you avoid these critical mistakes.
Show notes and additional resources: https://theuswealthadvisors.com/2020/01/estate-planning-mistakes-you-need-to-avoid/
Today's rundown:
0:56 – Happy New Year! How were the holidays?
4:08 – It’s a great time to start talking about your estate plan.
4:59 – How many of J’Neanne’s clients have an interest in leaving an estate?
6:39 – No matter what your plans are, you need to have a plan for your exit.
9:41 – First estate planning mistake: Failing to plan for expenses that can be foreseen, like healthcare.
12:14 – Second mistake: Failing to update beneficiary designations.
13:26 – J’Neanne shares a story of someone that didn’t finish updating his beneficiaries.
15:20 – Third mistake: Failing to take steps to avoid conflict between family and heirs.
17:55 – Fourth mistake: Transferring real estate while living rather than upon death.
20:35 – Final Mistake: Failing to consider the tax obligations of your estate.
23:10 – How often are you discussing estate planning with clients?
27:00 – Remember that your legacy doesn’t always have to be monetary.
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