6 Considerations for Your Estate Plan

Secure Your Retirement

When it comes to estate planning, some things are essential and required at all times to simplify the process for your family when you’re no longer here.

In this episode of the Secure Your Retirement podcast, we talk about the 6 essential and required things you need to consider when estate planning over a glass of Raphael Prosecco sparkling wine. We explain the purpose and importance of having documents such as a will, power of attorneys, the HIPAA form, beneficiary form, and the transfer on death document.

Listen in to learn the purpose of having the durable and healthcare power of attorneys to make things simpler for your family in case you become incapacitated.

In this episode, find out:

• The importance of having a will to simplify things for your loved ones when you’re no longer here.
• Healthcare power of attorney – appointing someone to carry out your healthcare decisions for you if you’re incapacitated.
• How having a healthcare power of attorney uncomplicates complicated situations for your family.
• The durable power of attorney - appointing someone to carry out your financial decisions for you if you’re incapacitated.
• Get both durable and healthcare power of attorneys prepared in advance and when in full capacity.
• How the HIPAA form allows your family to have access to your medical records.
• The beneficiary form drives where all your accounts funds go at the time of your passing.
• The importance of having a transfer on death document to simplify things on your bank accounts.

Tweetable Quotes:

• “Without a will, simple things become very complicated.”- Radon Stancil
• “A power of attorney is being appointed to be your agent; someone that’s going to make decisions on your behalf in the case that you’re not able to.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.