It's uncomfortable to think about what would happen if you pass away or become unconscious. But if that happens and you don't have an estate plan, your loved ones would suddenly have to handle your estate and business–while also dealing with major grief.
A probate judge would grant decision-making to people you may not trust and split your estate in a way that doesn't serve or honor your relationships with your loved ones or the best interest of your estate (think taxes). Oh, and don't forget to mix your business into this situation too!
In this episode, Hannah Chapman, CFP, APMA, CRPC, talks with Patricia De Fonte, an estate lawyer, about how to write an estate plan with heart, helping your loved ones avoid unnecessary emotional and financial pain.
Tune in to learn:
Taxes, leases, healthcare - who will make these decisions?
What if your estate plan is over 5 years old?
What is an AB trust?
Why should your money flow through a trust?
What could happen to your money if your child is a minor
How to establish a plan for your money so the beneficiaries can learn to use it wisely
The emotional impact of receiving an inheritance - addressing money stories
How to make decisions for your business - the team approach
Connect with Patricia here:
Website: DeFonteLaw.com
LinkedIn: https://www.linkedin.com/in/defontelaw
YouTube: https://www.youtube.com/@DeFonteLaw
Connect with Hannah here:
X² Wealth Planning Website: https://x2wealthplanning.com/
Instagram: https://www.instagram.com/hannah.chapman.cfp
Facebook: https://www.facebook.com/hannahchapmanfinancialadvisor/
LinkedIn: https://www.linkedin.com/in/hannahrchapman/
Expansive CEO Website: https://expansiveceo.com/freegift