How Could This Go Horribly Wrong? Lessons in Estate Planning Part 1, Ep #295

Bret and I recently reviewed all of our clients' estate plans this spring and, as a result, we have so much to share with you about what we learned. It was so much that we had to break it into multiple episodes! If you are curious about how this sort of meeting goes and wish that you could be a fly on the wall, you won't want to miss this episode.  Today we'll discuss why you need to ask yourself what could go wrong, why it's so important to consider where your documents are located, why you may want to consider having your medical power of attorney or living will a digital document, and how an executor is a mini dictator.  Everyone needs an estate plan. Listen in to hear what you need to consider when you create or update yours. Outline of This Episode [2:02] Having your estate planning docs in order can help you sleep better [4:14] Don't create complexity by trying to keep things simple [9:17] Where are your documents located? [12:38] How can your kids prove to a hospital that they can make medical decisions on your behalf? [14:24] Commonly misunderstood ideas about estate planning [25:01] The pros and cons of having co-powers of attorney or individual powers of attorney Resources & People Mentioned Use this calendar link to set up a 20-minute fit meeting Connect with Benjamin Brandt Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com/ Follow Ben on Twitter: https://twitter.com/retiremeasap Join the newsletter: https://retirementstartstodayradio.com/newsletter Dive deeper into retirement planning with Ben at www.RetirementIncome.University Subscribe to Retirement Starts Today on Apple Podcasts, Stitcher, TuneIn, Podbean, Player FM, iHeart, or Spotify