Estate planning is a crucial, yet often overlooked step in securing your legacy and ensuring your wishes are honored.
How do you choose the right individuals to carry out your estate plan? What qualities should they possess, and how can you communicate your desires effectively?
In this episode, Abbey Henderson, CFP® , CEO Wealth Advisor & Coach, explores the often-overlooked aspect of estate planning—choosing the right people for roles such as guardians, executors, and trustees. She emphasizes the importance of aligning these choices with your values and the need for clear communication. Abbey also provides practical tips for making these difficult decisions and the implications of naming individuals versus hiring professionals.
Abbey discusses:
- Estate Planning Hesitation: Common reasons why clients delay or avoid estate planning
- Selecting Guardians and Executors: Factors to consider when choosing individuals for these roles
- Healthcare Agents: The importance of location, assertiveness, and alignment with personal beliefs
- Powers of Attorney: Assessing potential conflicts of interest and the ability to manage financial affairs
- Trustees: The long-term commitment and the need for compatibility with beneficiaries
- Decision-Making Tips: Brainstorming without judgment and matching people to roles based on values and skills
- And more!
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