Big Three from Episode #061: Teach your heirs ahead of time how to handle wealth successfully.Communication and conflict management is KEY to building a solid family foundation, especially for when the older generations are no longer around.Have the family find a shared purpose for using their wealth as a tool. Time-stamped Show Notes: 5:57 – How often do these wealth…
Big Three from Episode #060: Finding out what’s important to people – who they are and what they like is key to helping maintain quality of life. Work with someone local, knows the communities, assess clients, and have a physical presence. Who pays for long-term care and senior living communities? We do with our assets that we save, long-term care…
When people write down their assets in conjunction with their estate planning, they often overlook their digital assets. Digital assets are considered to be any electronic record that you own or control. This can include Venmo, PayPal, Zelle, or other online accounts. It can also include cryptocurrency, such as Bitcoin, social media pages, online photos, email accounts, credit card rewards,…
Big Three from Episode #056: Don’t wait until it’s too late, start planning NOW!Treat your parents like your partner.Listen to what’s important to your parents. What do they want to happen? Time-stamped Show Notes: 5:43 – When is the right time for adult children to have conversations with their parents, and what is the best approach? 7:51 – Dayna shares…
Estate planning is not just for seniors. Ideally, as soon as you turn eighteen you should have some version of an estate plan because your parents are no longer automatically able to make decisions or act on your behalf. There are several reasons to create a power of attorney for finances once you turn eighteen. For example, the military helps…
