033- The Importance of Estate Planning for Long Term Wealth w/ Art Steele + How To Get Started
Journey To Launch
Jamila Souffrant
5 • 1.7K Ratings
🗓️ 21 February 2018
⏱️ 58 minutes
🧾️ Download transcript
Summary
Passing down generational wealth is extremely important. The best way to make sure that wealth is passed down for generations to come is through proper estate planning. Art Steele, Estate Planner and the podcaster behind The Legalese for Entrepreneurs Podcast, has an incredible story about how she came to choose her career and the epiphany that caused her to realize the significance generational wealth within in the black community.
In this episode, we talk about:
- Understanding the racial wealth gap
- Why personal behavior cannot close the racial wealth gap
- The significance of estate planning in the black community (and all communities)
- How considering the “value of your life” helps with planning your estate
- What having an estate plan involves
- The legal documents required to make decisions for end of life care
- The roles of a financial planner and an estate planner
- The importance of leaving behind a will
- How proper estate planning can benefit generations beyond your children
- The significance of a trust with inheritance for children
- How hiring an attorney for estate planning can save you money in the long run
Other related blog posts/links mentioned in this episode:
- The article about the racial wealth gap
- Art's Free Estate Planning Workbook
- Art's Email Legal-Ease Course
- Join The Weekly Newsletter List
- Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast!
- Watch me on News12 Watch my latest segments on News12
- My One on One Money Coaching Services – Get my personalized 1on1 money coaching expertise to help you reach your financial goals
- YNAB – Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 2 month trial of YNAB, my go-to budgeting app by using my referral link.
Connect with Art on:
Connect with me:
- Journey To Launch Instagram
- Journey To Launch Twitter
- Journey To Launch Facebook Page
- Join the private Facebook Group
Transcript
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| 0:00.0 | You're listening to episode 33 of the Journey to Launch Podcast, |
| 0:05.0 | Why Estate Planning is the single most important factor in building long-lasting wealth. |
| 0:12.0 | T-minous 10 seconds. long lasting wealth. Welcome to the Journey to Launch Podcast with your host |
| 0:18.0 | Jamila Sufraud as a money expert who walks her talk. |
| 0:22.0 | She helps brave journeyers like you, get out of debt, save, invest, and build real well. |
| 0:28.0 | Join her on the journey to launch to financial freedom in... |
| 0:32.0 | Five, four, three... to launch to financial freedom in five four three two one |
| 0:38.0 | Hey hey hey everyone Welcome back to another episode of the Journey to |
| 0:46.6 | launch podcast. Well welcome back if you're a returning listener and if this is |
| 0:51.2 | your first time listening, welcome. Hey, how you doing? |
| 0:55.0 | Thanks so much for joining me. I am super, super excited to have you here. |
| 0:59.0 | I have an amazing guest, Art Steele, who I will get into, who she is, and why you need to listen to this episode in a minute. |
| 1:07.0 | But first, let's just talk about just some housekeeping items. |
| 1:11.0 | If you are enjoying this podcast, if you've listened before and you |
| 1:14.8 | already are hooked, you're already a fan, please don't forget to rate, review, and |
| 1:20.0 | subscribe to the podcast and Apple Podcast if that's where you listen. It's a one of them. and |
| 1:25.0 | subscribe to the podcast in Apple Podcast if that's where you listen. |
| 1:24.0 | It's a wonderful way to help support me to get the message, |
| 1:28.0 | get the podcast out there. |
| 1:30.0 | Again, even if you do not listen in Apple Podcast, you can still subscribe anywhere you listen to because this can be found anywhere. |
| 1:37.0 | And then what's really important is that you share this content if you are enjoying it with family and friends. Share it on |
| 1:44.8 | your social media. Tag me. Let me know what you're thinking about the episode. I |
... |
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