Multidimensional Money

29. Finance 101: Why Do I Need to Have a Legacy Plan? My Personal Story.


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Elle gets deeply personal on the podcast today sharing the details of her father's death and how that affected her family's life. The decisions her father made working with a financial planner directly impacted her livelihood and her family's livelihood in many ways, which inspired her to eventually get into this work. Elle talks about why death and money are so tabboo in our society and why she had a unique perspective on these topics because of growing up in the funeral industry.

Elle discusses 5 or 6 areas of estate planning that you may need to address:

-How to setup a will

-How to pick an executor of your will

- How to title your accounts

-Understanding probate and what happens when you pass away

-Guardianship

-Why you need life insurance and biggest mistakes people make in choosing insurance

 This is a must-listen episode for anyone who owns assets including homes, cars, bank accounts, investment accounts and even businesses, and this planning is even more impactful if you have children or plan on starting a family.

No need to take notes! Sign up for Elle's newsletter at www.spiritualperspectivepodcast.com to get a free 2 page legacy planning checklist and guide emailed to you, which goes along with this episode.

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Multidimensional MoneyBy Lydia

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