It's time to finally simplify trust and wills and let's do it right now.

So think about a will as an after death purpose.

It's there to direct where assets go after death.

Think of a trust as something that certainly does direct assets after death, but can also be managed while you're alive.

There's way more planning that

obviously goes into it. There's so many different types of trust. There's special needs trust,

and irrevocable trusts, and charitable remainder trust. I'm not going to bore you to death with all

of those details today. I have other podcasts where I go into great detail on nearly every single type of tax or financial

or estate or withdrawal or healthcare, financial topic.

I know I just said financial twice there, but you guys know what I mean.

I love this stuff and if you don't know, my name is Ari Taublieb.

I'm a certified financial planner, host of the early retirement podcast and I'm the chief

growth officer here at

Root, where we love helping people retire early. Now, we help people from all walks of life,

but estate planning is a big thing that comes up. Most of the time, I'll be totally honest with you.

It's pretty simple. It's you have a beneficiary that you have not updated in a long time and you want to

make sure you're not missing something. So in an early meeting with a client, we will go, hey, do you have a POD? And they'll say, what did you call me? No, they won't say that. But they'll say, what is that? And I'll say it's a payable on death. So this is something that you want to set up at your bank account to remove hassle. So when you

pass away, your heirs don't have to go search in and trying to find documents. It's just going to

make life easier for them. So there are things like payable on death. There are things like

TOD, which stands for transfer on death. That goes at your brokerage account. You don't need it at your IRA, at your IRA or 401K.

You can list a beneficiary directly. That's not how it works with a brokerage account. You need a

TOD transfer on death. So there's all these little things, power of attorneys, durable,

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