43. Estate Planning Mistakes You Should Avoid with Tim Ritchey

Estate planning is not always about “who gets what”. In fact, most of the time, it’s about the complications that arise when a family tries to decide it. In this episode of Land and Everything Else, Dr. Craig Lemoine welcomes Chicago attorney Tim Ritchey to talk through it all. They go from farmland and rental properties to blended families and sibling drama, and warn you about what can happen when life throws curveballs you are not prepared for.Tim also dives into a sensitive topic in estate planning: elder abuse. These are two words nobody wants to hear together, but it happens, and most of the time, it comes from a family member.If you own land, have investments, or are responsible for making decisions in your family, this conversation is for you, whether you are building your wealth or you are already there. Key takeaways:If you don’t make a plan, the state has one for you.A will is not enough to keep you out of probate.The right documents can prevent legal chaos.If your life changes, your estate plans should too.Connect with us!Tim Ritchey on LinkedInPeck RitcheyDr. Craig Lemoine on LinkedInAgriculture Focused Financial PlanningLand & Everything Else YouTube Channel