Ep # 47: Estate Planning 101: What Documents, Who To Appoint, and Why It's Crucial

Wills, Power of Attorneys, and Healthcare Directives, Oh My! But honestly, what does all this mean? It’s critical to know what estate documents you should have, think about the best fit for who can execute on your wishes, and most importantly, why everyone should have a plan in place! In this podcast, Adam and Ben give an overview of what the estate documents are, ideas and tips for certain roles, and why it’s so important to have your estate documents current and in place.  [2:53] Role of the executor/executrix[5:53] Power of Attorney[7:40] Healthcare Power of Attorney & Living Will[9:09] Importance of naming only one person to be executor/executrix[10:03] What happens if I don't have estate documents in place? [11:48] Cost of drafting estate documents[13:56] Importance of letting someone know where documents resideWant more on estate planning, check out our previous podcasts: Estate Planning Ideas When Children Are Not The HeirsBreaking The Ice Around Family FinancesTracking # 1-05183101Thanks for listening!If you want to be notified when the next episode will be released, you can:Subscribe to the ShowFor more insights on everyday financial planning questions,  go to www.haasfinancialgroup.comContact Us:Email us at [email protected] advice offered through Great Valley Advisor Group, a Registered Investment Advisor. Great Valley Advisor Group and Haas Financial Group are separate entities. This is not intended to be used as tax or legal advice. Please consult a tax or legal professional for specific information and advice.