In this episode of Decluttering 55+, Michelle Passoff and Ray Console discuss estate planning and the importance of having a team in place to take care of your affairs. They emphasize the need for a healthcare surrogate and a financial surrogate, who can make decisions regarding your medical needs and manage your financial affairs when you are unable to do so. They also mention the importance of having a will and other legal documents in place. It is recommended to review and update these documents periodically as life circumstances change.

• Estate planning involves more than just writing a will; it also includes appointing a healthcare surrogate and a financial surrogate.
• A healthcare surrogate is responsible for making medical decisions on your behalf when you cannot do so.
• A financial surrogate manages your financial affairs when you are unable to do so.
• It is important to have legal documents, such as a living will and a power of attorney, to designate your surrogates.
• Review and update your estate planning documents periodically to ensure they reflect your current wishes and circumstances.

00:00 Introduction and Beyond Clutter

03:21 The Importance of Estate Planning

05:14 Appointing a Healthcare Surrogate

06:40 Appointing a Financial Surrogate

10:49 The Role of Legal Documents

11:17 Periodically Reviewing and Updating Your Estate Plan

Reach out to Ray Console at https://www.cozen.com/people/bios/console-raymond.

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