The Must-Haves of Estate Planning

Today we’re joined by Tim Nordgren, an attorney at SchellBray in Chapel Hill who focuses on trusts and estates. We send people to Tim all the time and appreciate the work he does, which is why we wanted to have him explain estate documents a little further for us.

He’ll walk us through the documents needed for when doing testamentary planning or planning for incapacity and explain what each document covers.

 

Here are some of the things you’ll learn in this episode:

• The documents that are needed for the two groups of planning: testamentary and incapacity.
• Who might need a last will and testament versus a living trust.
• The different types of power of attorneys.
• Why you want to have a durable general power of attorney in place.
• What the living will or advanced directive is used for.
• Which of these documents are must-haves for everyone?
• What can go wrong if you don’t have each of these documents.

 

Connect with us: 

Web: https://rosewoodwealthmanagement.com/

Phone: 919-391-3446