2024: A Simple Estate Planning Checklist For a Challenging Topic by Scott Spann

Optimal Finance Daily - Financial Independence and Money Advice

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Investing, Business, Education, Self-improvement

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🗓️ 9 September 2022

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Scott Spann with Financial Finesse shares a simple estate planning checklist Episode 2024: A Simple Estate Planning Checklist For a Challenging Topic by Scott Spann After years in the financial services industry, Liz Davidson became disgusted with how many people were being sold financial products and services that were not in their best interest. She decided there had to be a better way to provide people from all walks of life with truly unbiased financial guidance--designed to line their pockets, not their financial advisor’s. This is the story of Financial Finesse and how they give employees and employers unbiased financial wellness as an employee benefit. They help your employees maximize their compensation and benefits by making better financial decisions. You become a partner in their financial security and reap the benefits of a financially healthy workforce. They’ve helped hundreds of thousands of employees change their lives. The original post is located here: https://www.financialfinesse.com/2013/06/17/a-simple-estate-planning-checklist-for-a-challenging-topic/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily Episode 2024, a simple estate planning checklist for a challenging topic
0:08.0	by Scott Span, a financial finesse.com, and I'm your host and personal finance enthusiast, Diana Mariam.
0:16.0	For now, let's get to today's post as we optimize your life.
0:21.0	A simple estate planning checklist for a challenging topic by Scott Span, a financial finesse.com.
0:33.0	What does your current estate plan look like?
0:37.0	If you said you don't have an estate plan, you're probably wrong because the state you live in actually has a plan for your estate if you die without a will, trust, or other crucial documents.
0:48.0	If your line of thinking is, what estate, I'm overwhelmed by debt, or I'm single with no kids, or I'm young and just getting started in my career.
0:57.0	Understand that everyone has an estate and needs an estate plan to make sure your individual, family, and financial goals are met once you die.
1:07.0	Just a few simple steps can help you maintain control and protect the people and organizations that matter most to you.
1:15.0	Here's a simple estate planning checklist to help get you started.
1:20.0	Step 1. Establish meaningful goals.
1:24.0	What do you want your estate plan to accomplish? Are you concerned about choosing an executor or a guardian for your children?
1:32.0	It's charitable giving in your future plans. Are you seeking ways to avoid probate?
1:38.0	Give your estate plan more purpose and meaning by asking yourself these same questions and writing down a list of the things that are most important to you.
1:47.0	Then schedule time for you to take action and avoid making the mistake of not having a basic estate plan in place.
1:55.0	Step 2. Get organized.
1:58.0	Have you ever been late for something important and spent time frantically searching your house for that elusive set of keys?
2:05.0	Not fun. Imagine searching for a family member's bank account information, investment and retirement account statements, will or key to a safe deposit box without any instructions or guidance during a time of grief.
2:19.0	It always makes good sense to take time to get our financial affairs organized no matter what the net worth situation may look like.
2:28.0	It's also important to keep a list of online account passwords and digital assets in a convenient location for loved ones to access just in case something happens to you.
2:39.0	For more information on organizing your documents, check out the resources at NOLO.com.
2:45.0	You can also use their basic financial organizer to help you assess the state of your current financial situation.
	...

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