In this episode of the Financially Fit Couple, Matthew Gray is joined by Beth Driver, an attorney specializing in estate planning at Evans Driver in Harrisonburg, Virginia. Together, they explore the importance of estate planning for married couples aged 30 to 50 with children at home.
Beth shares her personal journey into estate planning and discusses key elements such as wills, power of attorney, advanced medical directives, and trusts. The conversation highlights the potential pitfalls of DIY estate planning, the importance of tailoring documents to individual needs, and the ongoing nature of estate planning.
Beth also emphasizes why consulting a professional can save time and money in the long run, and outlines the client-friendly approach of her firm which includes free consultations and flat-fee pricing.
01:37 Beth Driver's Journey into Estate Planning
05:35 The Importance of Estate Planning for Young Families
07:38 Steps to Creating an Estate Plan
15:17 Understanding Key Estate Planning Documents
17:35 The Role and Benefits of Trusts in Estate Planning
25:29 Managing Assets for Minor Children
31:34 Reviewing and Updating Estate Plans
37:36 Pitfalls of DIY Estate Planning
42:35 Steps to Start Estate Planning
44:35 Cost Transparency in Legal Services
47:16 Final Thoughts and Encouragement
Resources
https://www.evansdriver.com/
540-410-1553
Matthew Gray
https://www.linkedin.com/in/matthew-gray-cfp%C2%AE-5a2144134/
https://schrockfin.com/
Securities and advisory services offered through LPL Financial, a registered investment advisor, Member FINRA/SIPC
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