Estate Plans Are Not Just for the Rich. Why EVERYONE Needs an Estate Plan.

Estate Plans are not Just for the Rich. Why EVERYONE Needs an Estate Plan feat. Ryan Rasmussen, CFP

What does an estate plan include? Why is it important to start planning now? Through real-life narratives, examples, and facts, Ryan Rasmussen, CFP, takes you through what an estate plan is and why EVERYONE needs to have one. We aren’t all guaranteed a tomorrow and taking control of the “What Ifs” in life can help protect your assets and how your family is taken care of during a stressful time. Ryan specializes in retirement and wealth management and serves as the Assistant Director of Gift and Estate Planning for the University of Georgia.

This episode covers:

• Estate planning and legal documents: power of attorney, last will and testament, and other directives
• Common estate planning mistakes made: not updating your beneficiaries and more
• Special situations: inheritance, assets left out of wills, dependents with disabilities
• Protecting yourself from scams

Timestamps

00:00 – Intro

01:39 – Ryan Rasmussen’s Journey: Financial & Estate Planning

02:59 – How Financial, Retirement, & Estate Planning Intersect

06:01 – Estate Planning Explained: Who it Benefits & When to Start

11:27 – Unexpected Death in Active Service: 3 Things to Consider

17:02 – Life Events Affecting Wills, Trusts, & Power of Attorneys

22:25 – Solutions for Physical Possessions Not Captured in Wills

26:38 – Steps to Take When Receiving an Inheritance

31:29 – Planning for Dependents with Disabilities

33:32 – Common Mistakes Made in Estate Planning

36:25 – Protection Against Estate Planning Scams

39:26 – Contact Info & Final Thoughts

41:21 – Outro

Are you about to retire? If you haven't had the chance to meet with us one-on-one in a virtual or in-person format, and are within 2 years of retirement eligibility, be sure to log in to your TRS account online and register for a session today!

Are you new to TRS or in the middle of your career? Be sure to designate your beneficiaries as soon as possible in your TRS online account.

We want to hear from our members! Please email the show for topic inquiries, questions and comments! Contact us at ⁠⁠[e-mail]⁠⁠.

Host: Everett Crockett

Guest: Ryan Rasmussen, CFP

For more information visit: ⁠⁠www.trsga.com⁠⁠

Facebook: ⁠⁠https://www.facebook.com/trsgeorgia⁠⁠

YouTube: https://www.youtube.com/@trsgeorgia

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