The Meaningful Money Personal Finance Podcast

Quick Wins with Estate Planning

10 snips
Jan 5, 2022
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

Estate Planning Is Broader Than Tax

  • Estate planning isn't only about inheritance tax; it covers asset distribution, debts, guardianship and simplifying matters for survivors.
  • Planning offers present-day benefits and reduces future stress for those left behind.
ANECDOTE

Hosts' Guardian Conversation Relief

  • Pete and Joe discussed their own worries about choosing guardians for young children and having those conversations with family.
  • They felt relief once their children became adults and the decision no longer loomed large.
ADVICE

Create A Will And Lasting Powers Now

  • Do make a will and set up lasting powers of attorney for property, finances and health now, regardless of age.
  • Register LPAs and get professional help for complex cases to avoid ambiguity and disputes.
Get the Snipd Podcast app to discover more snips from this episode
Get the app