For anyone with assets and belongings, children and/or pets, an estate plan is a great idea. Join us as we talk with Andy Lehner of Lehner Law Office, LLC about how to get started, the different options and what happens if we don't set up anything before we die.
This episode was hosted and produced by Anne Morehouse, original music created and performed by Caileen Viehweg.
Contact info for today's episode:
Andy Lehner, owner and primary attorney
Creating Your Estate Plan
1:15 Wills/estate plan basics
2:08 Estate plan definition
2:23 Beneficiary designations
2:45 When should people start planning an estate?
4:41 How long does it take to create an estate?
6:28 Health care directives as part of an estate plan
7:28 How and where to begin
8:35 How estate law attorneys help to establish goals & values
11:44 Why language matters for clarity in legal outcomes
13:00 Online will templates
15:29 Planning and administering by choosing your own
17:27 If NO PLANS Minnesota (+ most states) has a law of intestacy
18:19 Difference between wills and trusts
18:40 Wills are a court driven process - probate
19:24 Living trust – a legal entity that does not involve
the probate process by the court
20:30 A will or trust is dependent on an individual’s goals,
21:56 Emotions like grief and loss coupled with assets play
22:45 What is included in an estate plan
24:23 Attorneys and established professional relationships
(financial advisor, CPA, etc.)
25:30 The historical death rate among humans
25:40 The reality is we 100% will need to make a decision
25:50 Why this is important