Join us on Average Joe Finances as our guest Sarah Ecklein, a private fiduciary from the Bay Area, California. Sarah shares insights into her profession, the importance of estate planning, and her journey from aspiring hospice nurse to fiduciary. She discusses the complexities of trust administration, the significance of proactive planning, and the emotional and financial impacts of failing to prepare for end-of-life situations.
In this episode:
- Uncover how proactive estate planning can prevent family conflict and preserve your legacy.
- Learn why fiduciary roles go far beyond finances and often provide crucial decision-making support.
- Discover the dangers of delaying end-of-life conversations and how they can lead to legal and emotional chaos.
- Explore how creating an estate plan today protects your loved ones tomorrow, emotionally and financially.
- And so much more!
Key Moments:
00:00 Introduction and Welcome
00:55 Meet Sarah Eckle: A Private Fiduciary
01:28 Sarah's Journey to Fiduciary Work
02:58 Understanding the Role of a Fiduciary
05:50 The Importance of Estate Planning
08:02 Challenges in Fiduciary Work
10:08 Proactive Planning and Legacy Building
22:03 The Importance of Updating Your Will
23:06 The Impact of Estate Planning on Families
23:54 Communicating Your Estate Plan
26:05 Handling Awkward Conversations About Estate Planning
28:11 Final Round: Personal Finance Mistakes and Lessons
33:22 Advice for Newcomers and Final Thoughts
35:36 Where to Find More Information and Conclusion
Find Sara Ecklein:
Website: https://www.trustandhonor.co/
Instagram: https://www.instagram.com/themindfulfiduciary/
Facebook: https://www.facebook.com/people/Sara-Ecklein-CLPF/100067625615341/
LinkedIn: https://www.linkedin.com/in/sara-ecklein
Average Joe Finances®
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About Mike: https://mikecavaggioni.com
About Tawnya: https://www.themoneylifecoach.com/
Show Notes add-on continued here: https://averagejoefinances.com/show-notes/
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See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes
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