The ABCs of Estate Planning: Probate, Trusts, Beneficiaries & More

Описание: In this episode, we walk through the ABCs of estate planning so you can protect your assets, avoid probate and keep your family out of conflict. From beneficiaries to trusts to common mistakes, we break down the essentials in a simple, practical way.

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00:00 Coming up
00:33 Understanding Assets & Why Probate Is a Problem
01:21 The Real Costs, Delays & Public Exposure of Probate
02:13 How to Avoid Probate (and Common Mistakes)
03:12 Trusts Explained: Funding, Beneficiaries & Missteps
04:19 Will vs. Trust in Under 30 Seconds
05:02 The Importance of Updating Beneficiaries
06:06 Basic Documents Everyone Should Have
07:32 Keeping Your Estate Plan Current as Life Changes
08:58 Coordination Between Attorneys, Advisors & CPAs
10:06 Hidden Risks: Outdated Trusts, Missing Updates & Digital Assets
12:11 A Costly Real-Life Case of Mismatched Trust Paperwork
13:38 Why Estate Planning Requires Constant Communication

This video is for educational purposes only and does not constitute financial, legal, or investment advice. Please consult with a qualified professional for advice tailored to your situation. Investment advisory services are offered through My LifePlan Financial, a registered investment adviser. Insurance products and services are offered separately and are not investment services.