About the Guest(s):

Maddy Roche - Maddy handles all marketing, growth, and prospect engagement for Childfree Trust® - the first nationwide medical and financial POA, executor and trustee representation service for the Childfree population. She understands the challenges of being Childfree as it relates to estate planning and is passionate about educating her community about ways to prepare.

Before joining Childfree Trust®, she was XYPN’s first employee and host of XYPN's podcast Behind the Advisor. In her previous roles as Vice President and Executive Business Coach, she helped build and lead the departments that deepen XYPN’s membership value.

Maddy has seen, heard, and helped thousands of financial planners throughout their entrepreneurial journeys with energy, expertise, and compassion.

Episode Summary:

In this enlightening episode of Money Roots, host Amy Irvine is joined by Maddy Roche, Chief Growth Officer at Child Free Trust, for an in-depth discussion on a timely financial planning topic: estate planning for child-free individuals. Maddy's expertise comes to the forefront as they explore the common misconceptions surrounding estate planning for those without children, emphasizing the need for a structured plan to safeguard one's legacy. This conversation is critical for the 25% of Americans who lack children, whether by choice or circumstance.

The conversation delves into the innovative solutions offered by Child Free Trust, a groundbreaking initiative poised to fill the "fiduciary void" faced by child-free adults. By January, the organization will officially provide nationwide services as medical power of attorney, financial power of attorney, executor, and trustee, uniquely catering to the 15 million Americans over 55 without children. Amy and Maddy discuss the substantial need for such services and how the digital platform will facilitate critical information sharing across all 50 states, ensuring individuals have someone to rely on in times of medical emergencies, cognitive decline, or death. This episode shines a light on the future of estate planning, presenting options for those who previously had limited solutions.

Key Takeaways:

• Child Free Trust offers the first nationwide estate planning service tailored for individuals without children.
• Estate planning isn't just about preparing for death; it's also about emergency preparedness for medical situations and cognitive decline.
• The service covers all 50 states, providing comprehensive solutions that include medical and financial power of attorney, executor, and trustee roles.
• Many child-free individuals face the "fiduciary void," lacking a designated representative to act on their behalf amid emergencies.
• Maddy emphasizes the importance of removing emotional biases in decision-making, opting for professional, impartial third-party services.

Notable Quotes:

1. "A lot of people say, oh, it must be so easy to plan for estate planning purposes when you don't have kids. I'm like, yeah, like, who do you leave your stuff to? It's actually a big problem." – Amy Irvine
2. "There are 25% of Americans that don't have kids either by choice or by circumstance." – Maddy Roche
3. "15 million Americans over 55 don't have children. It's a huge market; it's a huge underserved market in so many ways." – Maddy Roche
4. "We really try to neutralize some of this ahead of time, and working with a planner like you can help." – Maddy Roche
5. "This takes that out and there's continuity, so it doesn't matter if there's any health events, there's that continuity of care that continues." – Amy Irvine

Resources:

• Child Free Trust – Offering estate planning services tailored for child-free individuals.
• XY Planning Network – Where Maddy Roche previously provided her strategic planning expertise.

The comprehensive insights provided by Amy Irvine and Maddy Roche in this episode of Money Roots highlight the critical importance of estate planning for child-free individuals. To gain a deeper understanding of this transformative service and its impact, be sure to listen to the full episode and stay tuned for more important discussions from the Money Roots podcast.