S3E23: Estate Planning is for Everyone with Phillip Vacchio

In this episode of Buying Local, host Mike Nelson of Five Towers Media sits down with Phil Vacchio, senior elder law attorney at Herzog Law Firm. Tune in as they discuss the importance of setting up a will, power of attorney, and healthcare proxy early, how to future-proof your estate planning documents, building a career in the legal industry, and much more!0:21 Introducing Phil Vacchio0:48 What does Herzog Law do?1:52 Phil’s Court Exposure4:23 Misconceptions about Estate Planning5:52 Expansion throughout New York & Phil’s Background8:35 Rotating Offices10:03 Working your Way Up from Associate11:30 Work Ethic15:45 Setting up a Power of Attorney & Healthcare Proxy for Young Adults21:44 Futureproof your Documents25:48 The Right to “Gift” 29:20 A Real Life Example about Not Having a Power of Attorney33:10 Legal Loopholes34:39 Advanced Planning vs Crisis Planning36:40 Overarching Aspects of Estate Planning39:10 What Happens to Your House with No Planning?40:46 Preparing your Company for Disaster44:31 A Real Life Example of Someone who has No Family48:08 Where to Find Phil and Herzog Law?49:21 Closing Thoughts