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:
333 | Unlocking Your First Mini-Retirement
332 | Transform Your Tax Return Into a Springboard for Financial Planning
331 | What Does Inflation Mean for Investors?
330 | Is there a Housing Market Bubble?
329 | The Investing Horserace
328 | Watch the Business Not the Stock
327 | Where Does Entrepreneurship Fit on Your Path to FI?
326 | Learn to Market Yourself and Your Skills in 2021 and Beyond
325 | Credibility and Boundaries for Winning at Life
324 | The Stages and Checkpoints of FI
323 | Pump and Dump
322 | Financially Bulletproof in a Pandemic
321 | Discovering the Power of FU Money
320 | How Many Days a Month Do You Experience Stress Related to Work?
319 | Make Your Kid a Millionaire
318 | 100 Ways to Get 1% Better
317 | All the Hacks | Chris Hutchins
316 | Is Your Pension Healthy? | Grumpus Maximus
315 | Is This the Golden Age of Investing?
314 | Is My Company's Stock Overpriced? | P.E. Ratio Explained
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