In this episode, Julina is joined by Stephen Napier, a member of Berkowitz, Trager and Trager. Together, they dive into the crucial components of estate planning that are frequently overlooked, highlighting the importance of thoughtful decisions in maintaining a legacy. Using relatable examples, they highlight the key factors necessary to protect both your assets and your desires for the future.
Show Highlights:
Why this topic is for everyone (3:00)
Mistake of not having an estate plan at all (3:21)
Estate tax exemptions (11:08)
Why stay up to date with an estate plan (17:43)
Mistake of not planning for probate and how unique each state is (20:23)
Benefits of a revocable trust (25:05)
Choosing the wrong executor and trustees (26:10)
Not having a power of attorney or health care proxy (32:10)
Importance of up-to-date documents, even if they don't expire (36:20)
Tax planning (39:57)
Designating beneficiaries (46:09)
Connect with Julina Ogilvie:
Website- principlewealthpartners.com/team
Email- jogilvie@principlewealthpartners.com
YouTube- https://www.youtube.com/channel/UCTISXBl6sK8JsJn0ZhmQfkA
Facebook- https://www.facebook.com/principlewealthpartners
LinkedIn- @julinaogilvie
The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. The statements and opinions expressed in this podcast are those of the author. PWP cannot guarantee the accuracy or completeness of any statements or data. For current PWP information, please visit the Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with PWP’s CRD #290180