In this episode: what follows tragedy, the importance of wills and beneficiaries, intestate succession, and probate.
This week we are joined by Amy to discuss her personal account and experience with estate planning in the event of an unexpected passing, and what this can look like when plans aren’t in place. While death can be an uncomfortable topic to think about, it’s important to take time to garner a plan in place so that your loved ones are both prepared and not overwhelmed in the event of your passing. A large part of FI is about taking actionable steps to make your life easier, and estate planning is no different. From designating beneficiaries and setting up wills, to utilizing password verification methods on your accounts, there are many actionable steps you can take in order to make the process of passing easier for your family and loved ones. Amy’s story is not meant to be a cautionary tale, but rather a reminder to not ignore or avoid a personal subject matter just because it’s uncomfortable.
Timestamps:
Resources Mentioned In Today’s Episode:
233 | You Need to Start Building Your Network | Jordan Harbinger
232| Raising a Money-Savvy Family for Next-Generation Financial Independence | Doug Nordman and Carol Pittner
231 | Are You Too Good for Casserole?
230 | College Hacks from the ChooseFI Community
229 | Managing Stress by Leveraging FI | The Fioneers
228 | Overcoming the Debilitating Fear of Public Speaking
227 | The Golden Albatross | Grumpus Maximus
226 | Trip Of A Lifestyle To All US National Parks
225 | The Power of the Staycation
224 | Introducing our Households of FI
223 | Slow Traveling the World the FI Way | Nomad Numbers
222 | The Mid LIfe Crisis
221 | Introducing our Households of FI
220 | Fix My 403b | Nancy Bachety
219 | I was Laid Off, Now What?
218 | COVID Budget Awakening | Brandi Sellers
217| How to Save Thousands in US Federal Taxes Using Geo-arbitrage | David McKeegan
216 | How to make FI more inclusive | With Chris Browning of Popcorn Finance
215 | Your Self-Worth is Not Your Net Worth | Audrey Bellis
214 | How to Rock a Blog Without The Painful Learning Curve | Ashley Barnett
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