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#049 - The basics of estate planning

Retirement Planning Education, with Andy Panko

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Power of Attorney - What You Need to Know

There's a few different sub classifications of powers of attorney. They could be limited or general limited means the power of attorney you're granting someone only applies to specific activities or decisions. There's also durable versus springing a durable power of attorney which is effective immediately upon the execution of this power of attorney document. You want someone that you trust ahead of time, you make this decision while you're of sound mind as to who you want to make these decisions for you again.

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