It's an uncomfortable topic most people don’t enjoy talking about (or even thinking about):
Estate planning.
The thing is, it’s not just a crucial step for your legacy like most people think – it’s also important should you become incapacitated yourself.
What boils down to a simple list of instructions can get complicated fast. Proper planning can save your loved ones a lot of confusion, effort and headaches in the future. Regina also covers some easy steps you can take right now to ensure to augment your estate planning, as well as an action item that should start you in the right direction.
This episode is the perfect crash-course even if you have some plans for your estate already in place.
Episode Highlights:
0:00 - Introduction
0:37 - Beginning of episode
1:43 - What happens if you don’t have a will
4:13 - What to do first with your will
7:26 - Your ‘living will’
8:09 - Appointing an executor
11:08 - Include previsions for minor children
12:33 - End of life care
15:11 - Keep a card sized outline of your will/directives
15:46 - Make sure everyone has a copy
16:07 - Healthcare POA vs. durable power of attorney
19:04 - Make sure your beneficiaries line up across all documents
22:31 - Privacy and revocable living trusts
24:44 - Action item: take care of YOU
25:40 - Episode wrap-up
ABOUT REGINA MCCANN HESS
Regina is the author of Super Woman Wealth: How to Become Your Own Financial Hero. As an advocate for women’s financial freedom, she wrote this book to help empower women to take a bigger role in handling their money.
Regina has appeared on Schwab TV, Yahoo Finance, Forbes.com, NTD Television, CBS 3 Philadelphia, Fox 29 Philadelphia, King 5 Seattle, KTLA 5 Los Angeles and Scripps News. She has also been quoted in numerous articles in publications such as Forbes, Business Insider, U.S. News & World Report, Yahoo Finance, USA Today, USA Wire, Word in Black, WTOP News, Mind Body Green, Money Digest, New York Post, Defender, Authority Magazine, GoBankingRates.com, Scripps and The Muse.
As Founder of Forge Wealth Management, Regina utilizes her 25+ years of financial services experience to help individuals plan, preserve and diversify their wealth. She focuses on educating her clients while building long-term relationships with them and their families. Her experience throughout major shifts in the markets, enables Regina to structure balanced portfolios to address specific financial goals.
CONNECT WITH REGINA
Website: https://www.forgewealth.com
LinkedIn: / reginamccannhess
Facebook: / forgewealth
Instagram: / forgewealthmanagement
YouTube: / @forgewealth
Email: [email protected]
Securities offered through LPL Financial, Member FINRA/SIPC. www.finra.org, www.sipc.org
Investment advice offered through Private Advisor Group, a registered investment advisor.
Private Advisor Group and Forge Wealth Management are separate entities from LPL Financial.
Third-party posts found on this profile do not reflect the view of LPL Financial and have not been reviewed by LPL Financial as to accuracy or completeness.
For a list of states in which I am registered to do business, please visit www.forgewealth.com.
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