This is a must-listen episode that could save your family's financial future… Seriously. Estate planning is important, we know that, but what happens when things go wrong, very wrong?

In this episode, we delve into true stories of oversight and missed opportunities, each one a powerful lesson in what not to do.

Learn how simple mistakes today can cause chaos tomorrow and discover the steps you can take to avoid these pitfalls. Don't let your hard-earned legacy become a cautionary tale.

More specifically, I discuss:

• When multiple executors/trustees disagree
• Who has the power to make decisions when you’re gone?
• Corporate trustee failures tie up significant family wealth
• Digital recordkeeping in the 21st century put beneficiaries at a stand still
• Outdated estate plans can create tax time bombs

Resources:

• Retired-ish Newsletter Sign-Up
• Get a 2nd Opinion on Your Estate Planning Strategy
• Get Show Notes Here

 

Key moments:

(02:00) Sibling Disagreements and Executor Conflicts (08:22) Who Holds the Power After You’re Gone? Decision-Making in Trusts (13:04) Corporate Trustee Mishaps (20:25) Digital Recordkeeping Issues (24:32) Retirement Accounts and Trusts (29:57) The Expensive Dangers of Outdated Estate Planning Strategies