Estate Planning Basics

Estate planner and Choice Mom Racheal Isan explains the basic options for anyone who is creating an estate plan for her child, including the difference between a will and a trust, the benefits of having a trust, and how to pick a guardian. She discusses what happens if we don't have an estate plan in place, the cost of setting up a plan, and how state regulations have an impact. This show was sponsored by financial planners Rebecca Hall (D.C.) and Rene Tidwell (NYC), and estate planner Daniela Lungu (S.F.).