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Ep. 25 - AMA - Ask Me Anything About Estate Planning
Are you prepared for the unexpected? In this special AMA (Ask Me Anything) episode of the Good Steward Law and Wealth Podcast, host Ledly Jennings answers real questions submitted by listeners about estate planning. From when to start thinking about an estate plan to whether a will or trust is right for you, Ledly breaks down essential topics like protecting assets, avoiding probate, and ensuring your wishes are honored. He also discusses the importance of powers of attorney, healthcare directives, and whether high-profile individuals like Matthew Stafford use Trust and Will for estate planning. Don’t miss this insightful episode packed with practical advice to help you take control of your financial future!
IN THIS EPISODE:
(00:30) “AMA” (ask me anything). Ledly answers at what age should I start to think about estate planning
(02:46) Do I need an estate plan if I have a house, car and a 401K
(04:27) What if I die without a will? Why is it different from trust? Can I disinherit a family member, and can my assets pass on protected
(08:46) Discussion of the two types of trusts, whether they protect from nursing home care and funding the trust
(13:06) Power of Attorney and Health Care Directives and ramifications of not having these directives and how often should I update my estate plan
(16:49) Does Matthew Stafford use Trust and Will for his estate planning
KEY TAKEAWAYS:
- Once people turn 18, they need healthcare and financial power of attorney since parents no longer have automatic legal authority over their decisions.
- Dying without an estate plan leads to intestacy probate, where the state determines asset distribution. A will alone does not bypass probate, while a trust provides privacy and control.
- Estate planning isn’t just for the wealthy—it’s essential for everyone. Whether you're 18 and need powers of attorney, a homeowner wondering if a will is enough, or looking to protect assets from probate and nursing home costs, having a plan ensures your wishes are honored and your loved ones are safeguarded.
RESOURCES:
L. Jennings Law - Website
L. Jennings Law - Facebook
Ledly Jennings - LinkedIn
L. Jennings - Instagram
L. Jennings Law - YouTube
Ep. 24 - The Will - Least Important Document In An Estate Plan
Ep. 12 - Long-Term Care Planning - All You Need to Know!
Ep. 18 - The HSA Triple Play: The Most Powerful Retirement Account and Long-Term Care Strategy
[email protected] - Email
ABOUT THE HOST:
Attorney Ledly Jennings, founder of L. Jennings Law, specializes in protecting legacies and ensuring smooth transitions of personal and business assets. With offices in Arkansas, his firm offers expertise in estate planning, elder law, probate, and business planning. With a J.D. and MBA, plus valuable experience at Stephens, Inc., the state's largest investment bank, Ledly serves high-net-worth clients and family businesses statewide.
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By Ledly JenningsAre you prepared for the unexpected? In this special AMA (Ask Me Anything) episode of the Good Steward Law and Wealth Podcast, host Ledly Jennings answers real questions submitted by listeners about estate planning. From when to start thinking about an estate plan to whether a will or trust is right for you, Ledly breaks down essential topics like protecting assets, avoiding probate, and ensuring your wishes are honored. He also discusses the importance of powers of attorney, healthcare directives, and whether high-profile individuals like Matthew Stafford use Trust and Will for estate planning. Don’t miss this insightful episode packed with practical advice to help you take control of your financial future!
IN THIS EPISODE:
(00:30) “AMA” (ask me anything). Ledly answers at what age should I start to think about estate planning
(02:46) Do I need an estate plan if I have a house, car and a 401K
(04:27) What if I die without a will? Why is it different from trust? Can I disinherit a family member, and can my assets pass on protected
(08:46) Discussion of the two types of trusts, whether they protect from nursing home care and funding the trust
(13:06) Power of Attorney and Health Care Directives and ramifications of not having these directives and how often should I update my estate plan
(16:49) Does Matthew Stafford use Trust and Will for his estate planning
KEY TAKEAWAYS:
- Once people turn 18, they need healthcare and financial power of attorney since parents no longer have automatic legal authority over their decisions.
- Dying without an estate plan leads to intestacy probate, where the state determines asset distribution. A will alone does not bypass probate, while a trust provides privacy and control.
- Estate planning isn’t just for the wealthy—it’s essential for everyone. Whether you're 18 and need powers of attorney, a homeowner wondering if a will is enough, or looking to protect assets from probate and nursing home costs, having a plan ensures your wishes are honored and your loved ones are safeguarded.
RESOURCES:
L. Jennings Law - Website
L. Jennings Law - Facebook
Ledly Jennings - LinkedIn
L. Jennings - Instagram
L. Jennings Law - YouTube
Ep. 24 - The Will - Least Important Document In An Estate Plan
Ep. 12 - Long-Term Care Planning - All You Need to Know!
Ep. 18 - The HSA Triple Play: The Most Powerful Retirement Account and Long-Term Care Strategy
[email protected] - Email
ABOUT THE HOST:
Attorney Ledly Jennings, founder of L. Jennings Law, specializes in protecting legacies and ensuring smooth transitions of personal and business assets. With offices in Arkansas, his firm offers expertise in estate planning, elder law, probate, and business planning. With a J.D. and MBA, plus valuable experience at Stephens, Inc., the state's largest investment bank, Ledly serves high-net-worth clients and family businesses statewide.