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:
373 | Natural Remedies, Startup Economics & Financial Literacy A to Z
372 | Can I Get an Extension, Please?
371 | Why Does the Stock Market Go Up? | Brian Feroldi
370 | Timeline Your Goals | Stacked with Joe Saul-Sehy
369 | The Unstoppable Force Vs Immovable Object: Clarity and Goal Setting Part 2
368 | Declutter, De-noise & De-stress : Clarity and Goal Setting Part 1
367 | FI Number Adjustments
366 | Day 0 Self
365 | What If You Didn't Need to Escape?
364 | What's All the Hoopla About?
363 | First to a Million
362 | Blockchain, Smart Contracts, and NFT's | Part 2
361 | Blockchain, Smart Contracts, and NFT's | Part 1
360 | A Primer for Success
359 | SWOT Analysis for Financial Independence
358 | Getting Started Audit
357 | 2021 Year End Wins | Part 2
356 | 2021 Year End Wins | Part 1
355 | Making Bold Moves
354 | Navigating the Possible Vs Probable of Personal Finance
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