Estate Planning: The Four Documents You Need | Money Unscripted | Fidelity Investments

Описание: Estate planning is a process that’s full of emotions. And full of questions. Where do you start? Who should be part of the conversation? And what are the key documents you need? On this episode of Money Unscripted, host Ally Donnelly and Fidelity’s Pamela Pirone-Benson break down everything from writing a will and setting up a trust to choosing your power of attorney and navigating estate taxes. Watch now.

00:00 Welcome to Money Unscripted
00:55 Why you should have an estate plan
01:24 What is an estate plan?
02:01 Getting organized
03:11 The core four estate planning documents
03:40 What is a power of attorney?
04:03 Having a health care proxy
04:31 What is a living will?
05:07 Do I need an attorney to draft my documents?
05:43 Elements of a last will and testament
07:28 What is probate?
07:49 Wills vs. trusts
09:22 What to know about estate taxes
10:26 How strategic gifting can impact estate taxes
11:10 When to revisit your estate plan
11:58 How to start estate planning conversations
14:52 Estate planning: A recap

Questions? Drop them below 👇 and we’ll reply right in the comments.

5 steps to create an estate plan: https://www.fidelity.com/viewpoints/w...

10 estate plan pitfalls to avoid: https://www.fidelity.com/viewpoints/w...

View all episodes here: https://www.fidelity.com/learning-cen....

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