Estate Planning, Probate, and Retirement Considerations

This chapter delves into the importance of setting up a living revocable trust alongside POD designations, emphasizing the benefits for managing finances and care during unexpected events like incapacitation. The hosts provide insights into a listener's experience with California probate after their sister passed without a will or trust, discussing implications for the estate's assets and debts. Additionally, retirement planning is touched upon, highlighting the balance between enjoying life and preparing for long-term financial security, especially in the context of unforeseen health issues and the need for long-term care.