So you wonder up to me at a cocktail party and we start talking you find out I'm a

financial planner and the question out of your mouth is this.

Hey Joshua I think I need to get a will. Can you like tell me what I need to do? After all, I'm supposed to have a will, right, and do some estate planning? So today I'm going to give you my cocktail party answer. We're going to talk about the surface interesting kind of introductory approach to estate planning.

No grantor retained annuity trust here today, no crummy powers, just very, very simple discussion

of wills and living wills and powers of attorney.

Hopefully you find this useful. Welcome to the Radical Personal Finance Podcast. My name is Joshua Sheets and I'm your host.

Thank you for being with me.

To the all four of you who actually clicked on today's show

and said, I'm excited about estate planning.

Welcome. Now, hopefully it's more than four of you, but I want to share with you some ideas and

demystify the world of estate planning and try to give you some straight answers and some broad generalized advice that can help you know what to do.

Estate planning is a mystical world. It's a very seductive world to some people, to financial planners.

It's one of the things we love to talk about and try to make everything

but the reality is it's really not that complicated

certainly it can get very complicated and if you get into the fancier

aspects of estate planning,

especially tax planning, you can build some really, really complicated stuff.

But for the majority of people, things are simple.

And here is my proof for that.

The majority of people do no estate planning and people die all the

time and their estates are disposed of. So there's a system in place and if you

don't have any documents and you don't have a will, you don't have any trusts,

...