https://www.youtube.com/watch?v=iwgFlTbFI7Y

Rick Randall says that estate planning that works is not the norm, but it does not have to be that way. The goal of estate planning is to dictate how you will transfer the baton of your life’s wealth and wisdom to generations after you.  With it, you ensure your legacy will live on, beyond you, rather than dissolving at your death.Estate planning that works gives you the ability to control, preserve and protect the wealth you’ve created when you’re no longer able to.

Love, Money, and Control says it like this:

With proper planning, you can control your financial and personal affairs while you are well and competent and leave instructions for how your affairs should be managed – in essence, still maintaining control – if you become physically or mentally disabled.

Love, Money, and Control

With estate planning, you set plans in motion today to take care of the things that are most important to you, like your children, your health, and your money.

It is the most efficient way to transfer wealth with minimal loss and ensure your assets aren’t tied up in probate and chiseled away by taxes.

Where Estate Planning Fits into Your Cashflow Creation System

Encircling your family and assets with a bulletproof estate plan will maximize your peace of mind.  But it’s just one small step of a greater journey of building time and money freedom.  

That’s why we’ve put together the 3-step Entrepreneur’s Cash Flow System.  

The first step is keeping more of the money you make.  This includes tax planning, debt restructuring, cash flow awareness, and restructuring your savings so you can access it as an emergency/opportunity fund.  This step frees up and increases your cash flow, so you have more to save, and consequently, more to invest.

Then, you’ll protect your money with savings, insurance and legal protection.  This is where estate planning fits in.  You’ll know that no matter what happens to you, your wishes will be carried out, your assets will remain intact, and your wisdom will empower generations after you. 

Finally, you’ll put your money to work and get it to make more by investing in cash-flowing assets to build time and money freedom and leave a rich legacy.

The Overwhelming Majority of People Don’t Get What They Wanted

Overall, estate planning is a critical part of planning for the end of your life.  It ensures what you want to happen will happen.

There are countless compelling reasons to do estate planning.

Yet, with all the reasons to plan, only about 30% of Americans have an estate plan in place.

That's because it’s one of those things that’s easier not to do.

Firstly, it’s uncomfortable and distressing to think about the end of your life.

Secondly, we all know “that family” that fell apart because of an inheritance.  Wealth transfer is often fraught with turmoil and conflict, and we don’t want that to happen to us.  We’d rather ignore our dysfunction than confront it head-on.  Often the family dynamics invite a tension and disagreement about how the money will change hands, who will receive what, and how decisions will be made.

If you don't put your own estate plan in place, your state will give you one by default, and it won't be what you want.

Of those who do plan, many of those estate plans have very little chance of working.

Your Most Important Estate Planning Questions Answered

We brought Rick Randall, Founder of Randall Gentry & Pike, and Chairman and CEO of the National Network of Estate Planning Attorneys, onto the show to tell you why most estate plans don’t work, what to do instead, and to answer:

Why should I do estate planning?

Who is estate planning for?

How do I make sure my estate plan will work?

What will make my estate plan of the greatest value to me and generations after me?

What is estate planning that works?

An Innovative Estate Planning Leader