Divorce etc... hosted by the exEXPERTS (T.H. and Jessica) cover image

Divorce etc... hosted by the exEXPERTS (T.H. and Jessica)

Why You Must Have a Trust & Estate Plan Post Divorce with Laura Cowan | S1, Ep. 12

Jun 3, 2021
Laura Cowan, an expert in trust and estate planning post-divorce, discusses the importance of updating estate plans to protect assets from going to ex-partners. The podcast highlights the necessity of establishing or updating key documents like wills, trusts, healthcare proxies, and powers of attorney for peace of mind and security. It emphasizes the benefits of having a trust over a will and tailoring plans to be state-specific to prevent conflicts and ensure flexibility.
23:11

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Estate planning is essential post-divorce for asset protection and desired beneficiary distribution.
  • Update estate planning post-divorce to exclude ex-spouses, name guardians for children, and consider trusts.

Deep dives

Estate Planning Basics: Importance for Everyone

Estate planning is not just for the wealthy but essential for everyone to ensure that their loved ones are taken care of in the event of disability or death. Regardless of financial status, estate planning aims to make the transition easier and less costly for family members. It involves decisions on asset distribution and care preferences, with particular emphasis on avoiding complications and minimizing disputes.

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