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10min chapter
Season 2 Episode 34: Your 100-year life and how to plan for it
Everyday Wealth
Essential Elements of Estate Planning
This chapter emphasizes the critical importance of estate planning for individuals of all backgrounds, emphasizing the need for key documents like durable power of attorney and last will testament. It discusses the significance of naming decision-makers in case of incapacity and outlines the role of documents like healthcare proxy and living will to communicate end-of-life wishes. The chapter also highlights the importance of considering assets that are not controlled by a will or living trust, stressing the need for regular updates to the estate plan to ensure its relevance.
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