Planning with Purpose

Planning with Purpose

By The Legal Podcast Network (LPN)Business
Download on the App Store

Planning with Purpose episodes

  • Common Estate Planning Mistakes Families Make And How to Avoid Them

    Episode Summary:

    In this episode of Planning with Purpose, host Evan Mack is joined by Attorney Deb Bess Morneau of Courteous Law, PC, to discuss the pitfalls of estate planning and how to avoid them. Deb emphasizes the importance of communication within families to prevent misunderstandings and ensure that estate plans are up-to-date and comprehensive. 

    She highlights common mistakes such as neglecting to update plans after major life changes and failing to appoint appropriate executors. Deb also stresses the need for powers of attorney and advanced directives to avoid complex legal issues. The conversation provides valuable insights into the nuances of estate planning, offering listeners practical advice to safeguard their assets and ensure their wishes are honored.

    Key Timestamps:

    00:01 – Introduction
    0:21 – Common Estate Planning Mistakes
    0:42 – Importance of Communication in Estate Planning
    1:19 – Updating Estate Plans After Life Changes
    2:09 – Overlooked Elements in Estate Plans
    3:32 – Discussing Estate Plans with Family
    4:35 – Choosing the Right Executor
    5:44 – Mistakes Before Starting Estate Planning
    6:58 – Small Mistakes Leading to Bigger Issues
    8:17 – Myths About Estate Planning
    9:37 – Ensuring Comprehensive Estate Plans

    About the Show:

    Planning with Purpose is a podcast dedicated to helping individuals and families navigate the complexities of estate planning. Hosted by knowledgeable professionals, the show covers a wide range of topics including wills, trusts, powers of attorney, and more. 

    With a focus on clarity and practical advice, each episode aims to empower listeners to make informed decisions about their estate plans. Whether you're just starting out or looking to update an existing plan, Planning with Purpose provides valuable insights to ensure your wishes are honored and your loved ones are protected.

    For more information, visit our website:

     https://www.courteouslaw.com/

    11 min
  • When Should You Update Your Estate Plan? Life Events That Require a Review

    Episode Summary:

    In this episode of Planning with Purpose, host Evan Mack is joined by Attorney Deb Bess Morneau from Courteous Law, PC, to discuss the importance of regularly updating your estate plan. Deb shares her expertise on how life events such as marriage, divorce, or the passing of a loved one can necessitate changes to your estate documents. She emphasizes the significance of reviewing your plan every five years or after any major life change to ensure your wishes are accurately reflected and your loved ones are protected. Deb also highlights the potential complications that can arise from outdated plans, such as probate issues and unintended beneficiaries. Listeners will gain valuable insights into the nuances of estate planning and the importance of proactive management to avoid future conflicts and ensure peace of mind.

    Key Timestamps:

    00:01 – Introduction
    00:06 – Importance of Updating Your Estate Plan
    00:49 – Recommended Review Frequency
    01:22 – Life Events Triggering Updates
    02:01 – Nuanced Changes in Executors
    04:19 – Impact of Family Dynamics
    06:19 – Effect of Divorce on Estate Plans
    07:09 – Revisiting Beneficiary Designations
    08:39 – Asset Changes and Planning Decisions
    09:45 – Consequences of Outdated Plans
    11:16 – Positive Impact of Timely Updates
    12:42 – Legal Changes Affecting Estate Plans
    14:07 – First Steps to Reviewing Your Plan

    About the Show:

    Planning with Purpose is a podcast dedicated to helping individuals and families navigate the complexities of estate planning. Hosted by Evan Mack and featuring expert guests like Attorney Deb Bess Morneau, the show provides practical advice and insights on creating and maintaining effective estate plans. Whether you're dealing with family law issues, tax considerations, or the intricacies of trusts, this series offers valuable guidance to ensure your wishes are honored and your loved ones are protected. With a focus on clarity and proactive planning, Planning with Purpose is your go-to resource for all things estate planning.

    For more information, visit our website:

    https://www.courteouslaw.com/

    16 min
  • Choosing Guardians for Minor Children: What Parents Should Consider

    Episode Summary: In this episode of Planning with Purpose, attorney Deb Bess Morneau from Courteous Law in Henniker, New Hampshire, joins host Evan Mack to discuss the critical process of choosing guardians for minor children. Deb explains the legal steps involved in nominating a guardian and emphasizes the importance of having conversations with potential guardians to ensure they are willing and able to take on the role.

    She highlights factors parents should consider, such as the children's ages, the guardian's living situation, and shared values. Deb also shares real-life examples where thoughtful planning eased transitions for families. The episode offers valuable insights into updating guardian choices as circumstances change and provides encouragement for parents who may feel overwhelmed by the decision-making process. Listeners will gain a deeper understanding of how to protect their children's future through careful guardian planning.

    Key Timestamps:

    00:01 – Introduction
    0:20 – Importance of Naming a Guardian
    0:53 – Legal Steps for Guardian Nomination
    1:13 – Decision-Making Without a Named Guardian
    1:51 – Factors to Consider When Choosing a Guardian
    3:00 – Importance of Discussing with Potential Guardians
    4:39 – Naming Backup Guardians
    5:30 – Handling Family Expectations
    6:42 – Example of Effective Guardian Planning
    7:44 – Updating Guardian Choices Over Time
    8:52 – Encouragement for Parents to Begin Planning
    9:31 – Communicating Plans with Children

    About the Show: Planning with Purpose is a podcast dedicated to helping families in New Hampshire create comprehensive plans that protect their loved ones and assets. Hosted by attorney Deb Bess Morneau, the show covers a wide range of topics related to estate planning, guardianship, and family law. With a focus on clarity and practical advice, each episode provides listeners with the knowledge they need to make informed decisions about their family's future. Whether you're just starting to think about estate planning or looking to update your existing plans, Planning with Purpose offers valuable insights and guidance.

    11 min
  • Power of Attorney and Health Care Directives: The Documents Every Adult Should Have

    Episode Summary:

    In this episode of Planning with Purpose, host Evan Mack sits down with Attorney Deb Bess Morneau from Courteous Law, PC, in Henniker, New Hampshire, to delve into the intricacies of powers of attorney and health care directives. Deb explains the significance of these documents in managing financial and medical decisions when individuals are unable to do so themselves. She highlights the differences between financial powers of attorney and health care directives, emphasizing the importance of appointing the right person to make decisions on one's behalf. Deb shares real-life examples, including her personal experience with guardianship, to illustrate the potential challenges of not having these documents in place. The episode provides listeners with practical advice on how to establish and update these critical documents, ensuring peace of mind and clarity for families. Whether you're planning for the future or navigating current challenges, this episode offers valuable insights into safeguarding your wishes and supporting your loved ones.

    Key Timestamps:

    00:01 – Introduction
    00:22 – Importance of Powers of Attorney
    00:32 – What is a Financial Power of Attorney?
    01:21 – Differences Between Financial and Health Care Directives
    02:05 – How Directives Work When Incapacitated
    03:14 – Choosing the Right Person for Decisions
    04:46 – Unexpected Powers of Attorney Capabilities
    06:00 – Consequences of Not Having Documents
    07:38 – Importance of Updating Documents
    09:00 – Getting Started with Legal Documents
    09:41 – Steps to Make Documents Effective

    About the Show:

    Planning with Purpose is a podcast dedicated to helping individuals and families navigate the complexities of estate planning and legal documentation. Hosted by knowledgeable professionals, the show covers essential topics such as wills, trusts, powers of attorney, and health care directives. With a focus on clarity and practical advice, each episode aims to empower listeners to make informed decisions about their future. Whether you're planning for yourself or a loved one, Planning with Purpose provides the insights and guidance needed to ensure your wishes are respected and your assets protected.

    11 min
  • What Happens If You Die Without a Will in New Hampshire

    Episode Summary:

    In this episode of Planning with Purpose, Attorney Deb Bess Morneau from Courteous Law, PC, in Hennaker, New Hampshire, joins host Evan Mack to discuss the legal implications of dying without a will in New Hampshire. Deb explains the intestate succession laws, highlighting scenarios where assets are distributed according to state statutes rather than personal wishes. She emphasizes the importance of estate planning to avoid probate complications and ensure that assets are distributed according to one's desires. The discussion covers the nuances of inheritance in blended families, the role of an executor, and the challenges of locating assets without a will. Deb also shares practical advice on how to ensure that certain assets pass outside of probate and the pitfalls of relying on AI-generated wills. This episode provides valuable insights for anyone looking to secure their estate and protect their loved ones from legal uncertainties.

    Key Timestamps:

    00:01 – Introduction

    00:06 – What Happens Without a Will

    00:37 – Intestate Succession Scenarios

    01:19 – Common Assumptions About Spousal Inheritance

    02:00 – Blended Family Inheritance Challenges

    03:34 – Inheritance Without Spouse or Children

    04:39 – Choosing an Executor

    06:22 – Complications Without a Will

    07:27 – Real-Life Example of Intestate Confusion

    08:51 – Assets Passing Outside of Probate

    09:45 – Steps to Avoid State-Determined Inheritance

    10:39 – Importance of Proper Will Execution

    About the Show:

    Planning with Purpose is a podcast dedicated to helping families in New Hampshire create thoughtful estate plans that provide clarity and peace of mind. The show features Attorney Deb Bess Morneau, who shares her expertise in estate planning and probate law. Each episode delves into practical strategies and legal insights to help listeners navigate the complexities of estate planning, ensuring their wishes are honored and their loved ones are protected. With a focus on clarity and actionable advice, Planning with Purpose empowers listeners to make informed decisions about their future.

    12 min
  • Talking About Death Without Fear

    Episode Summary:

    In this episode of *Planning with Purpose* Deb Morneau discusses the importance of having honest conversations about death and how planning ahead can bring clarity and peace to your loved ones. Deb shares insights on why early discussions about end-of-life preferences can make difficult times easier for families, reassuring them that their wishes will be followed. She also highlights the significance of essential planning tools like powers of attorney, wills, and trusts in providing peace of mind.

    Key Timestamps:

    00:00 – Introduction
    01:30 – Importance of early conversations about end-of-life preferences
    04:15 – Reassurance through post-death arrangements
    06:45 – Real-life examples of how early conversations ease family decisions
    09:20 – The significance of powers of attorney for finances and healthcare
    11:45 – Benefits of having a trust or will in place for asset distribution
    14:00 – Communicating end-of-life wishes for peace of mind
    16:30 – Advising older individuals on sharing wishes with their adult children
    19:00 – Consequences of avoiding conversations and leaving loved ones guessing

    About the Show:

    *Planning with Purpose* is dedicated to helping individuals and families navigate crucial conversations and decisions surrounding estate planning and end-of-life preferences. Join Deb Morneau as she provides guidance on creating a plan that brings clarity, comfort, and peace of mind to your loved ones.

    16 min
  • How to Fund Your Trust (and Why It Matters More Than You Think)

    Episode Summary:

    In this episode of *Planning with Purpose* Deb Morneau from Courteous Law PC delves into the importance of properly funding a trust for ultimate peace of mind. Deb explains how funding a trust is akin to placing assets in a basket to seamlessly pass them on to heirs, avoiding probate. She emphasizes the significance of including assets like houses, bank accounts, vehicles, and various investments in the trust to ensure a smooth transfer process.

    Key Timestamps:

    00:00 – Introduction

    01:30 – Importance of funding a trust explained

    03:45 – Types of assets to include in a trust

    06:12 – Overlooked details when funding a trust

    09:20 – Handling retirement plans and life insurance in a trust

    12:05 – Examples of trust funding mishaps and their consequences

    14:50 – Reviewing and updating a trust over time

    16:40 – Tips for maintaining an up-to-date trust

    About the Show:

    *Planning with Purpose* is a podcast dedicated to guiding families, retirees, and small business owners through the intricacies of estate planning, led by seasoned Deb Morneau. The show focuses on empowering individuals to secure their legacies and protect their assets for future generations.

    14 min
  • Avoiding Probate in New Hampshire

    Episode Summary:

    In this episode of *Planning with Purpose*, attorney Deb Morneau explains the probate process in New Hampshire, highlighting the timeline, complexities, and stress it can bring to families. She emphasizes the importance of simple planning choices to ease the burden on loved ones and streamline the distribution of assets.

    Key Timestamps:

    00:00 – Introduction

    01:30 – Probate Process in New Hampshire

    04:15 – Challenges and Delays in Probate

    08:10 – Planning Choices to Avoid Probate

    11:45 – Role of Wills in Probate

    14:20 – Real-Life Example of Smooth Probate Process

    17:35 – Common Oversights Leading to Probate

    20:10 – Tips for Simplifying Estate Planning

    About the Show:

    *Planning with Purpose* focuses on guiding families in Southern and Central New Hampshire through practical, thoughtful estate planning to alleviate stress and ensure a smooth transition of assets. Deb Morneau, an expert in family law, offers insights and strategies to help listeners make informed decisions for their future.

    13 min
  • Wills vs. Trusts in Plain English

    Episode Summary:

    Attorney Deb Morneau, of Courteous Law, PC, breaks down the differences between wills and trusts in plain English. A will dictates asset distribution and management after death, while a revocable trust can bypass probate, offering smoother transitions for families. Deb shares real-life examples highlighting the importance of proper estate planning for loved ones left behind.

    Key Timestamps:

    - 00:00 – Introduction
    - 02:15 – Explaining the purpose of a will
    - 03:45 – Benefits of a revocable living trust
    - 05:30 – Contrasting wills and trusts for estate planning
    - 07:10 – How estate planning aids loved ones in times of loss
    - 09:20 – Helping clients choose between wills and trusts
    - 11:40 – Regular review of estate planning documents

    About the Show:

    *Planning with Purpose* focuses on providing clarity, peace of mind, and practical solutions through thoughtful estate planning. Attorney Deb Morneau has over two decades of experience in helping families, retirees, and small businesses in New Hampshire navigate the complexities of estate planning.

    14 min

About Planning with Purpose

From the publisher's feed

*Planning with Purpose* focuses on providing clarity, peace of mind, and practical solutions through thoughtful estate planning. Attorney Deb Morneau has over two decades of experience in helping…