Session 393: Estate Planning 101

16 snips

Jan 8, 2025

Aimee Griffin, founder of the Association of Black Estate Planning Professionals and principal attorney at Life & Legacy Counselors, joins the conversation. She highlights the importance of estate planning for everyone, not just the wealthy, underscoring its role in building generational wealth. Aimee discusses common pitfalls in the planning process and the importance of involving family members. The chat also explores how strategic estate planning can help close the racial wealth gap and emphasizes the need for informed planning in marginalized communities.

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ANECDOTE

Aimee's Entry into Estate Planning

Aimee Griffin's parents were civil rights activists, shaping her perspective on racial disparities.
She saw how Black businesses lacked access and how a business owner's death without estate planning highlighted wealth preservation's importance.

INSIGHT

Comprehensive Estate Planning

Estate planning encompasses asset management and values, addressing what happens upon death or incapacity.
It involves integrating life insurance, philanthropy, and legacy creation for multi-generational wealth.

INSIGHT

Challenges in the Black Community

Historical mistrust of legal systems and undervaluation of Black wealth contribute to low will adoption.
Shame about perceived inadequate wealth and a focus on survival hinder estate planning engagement.

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If you’ve ever heard the term “estate planning” and thought it was something only for the old, wealthy, or those with children, think again. In today’s January Jumpstart podcast episode — designed to help you make 2025 one of your best years yet — we’ll be exploring how the process of organizing your will, as well as encouraging family members to do so, can be the key to unlocking a legacy of generational wealth for yourself and your loved ones.

Joining me for this conversation is the founder of the Association of Black Estate Planning Professionals, Attorney Aimee Griffin. Aimee is the principal attorney of Life & Legacy Counselors, an estate and business succession firm committed to creating, protecting, and transferring wealth. She is committed to strategic community economic development for Black people and serves as a corporate counselor, professor, and community educator. In today's conversation, we break down the steps of estate planning, highlight common mistakes to avoid during the process, and explore how estate planning can serve as a powerful tool for addressing the racial wealth gap.

About the Podcast

The Therapy for Black Girls Podcast is a weekly conversation with Dr. Joy Harden Bradford, a licensed Psychologist in Atlanta, Georgia, about all things mental health, personal development, and all the small decisions we can make to become the best possible versions of ourselves.

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