Get Your House In Order – Estate Planning for 2024 Your Money & Your Life Podcast

Did you know that roughly 50% of people over 50 lack essential legal documents, such as wills, power of attorney, and healthcare directives? The numbers are even more concerning for younger demographics, with 80% of those under 30 lacking any basic documents. With over $84 trillion in assets set to transfer to the next generation, ensuring your estate is in order has never been more important.
 
Here’s some of what we discuss in this episode:
The percentages of individuals across different age groups lacking essential estate planning documents
The importance of powers of attorney and healthcare directives once one turns 18
Outdated legal documents, misplacing wills, and updating your estate planning materials as life changes
Understanding IRA estate rules to avoid complications and tax liabilities
Carefully selecting executors and trustees + sharing passwords and communicating intentions with family members
 
Get in touch with Don and learn more: https://doncashpodcast.com/