The Building Blocks of Estate Planning

In this episode of The Fiduciary’s Edge, co-hosts Michael and Mike Bishop break down the fundamentals of estate planning and the costly mistakes families make when they wait too long to prepare. From wills and beneficiary designations to probate, inheritance tax, gifting strategies, and inherited IRAs, they unpack the real-world planning decisions that can impact your family for years to come. The Bishops also explain why estate planning is not one-size-fits-all, how to avoid creating unnecessary complications for your heirs, and why consolidating accounts and building the right advisory team matters more than most people realize. Whether you’re just starting your financial journey or managing a more complex estate, this episode offers practical insight into protecting your assets, minimizing confusion, and planning with clarity.