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The Important Responsibilities of Successor Trustees, Executors, and Powers of Attorney with Jim Burch
Putting in the right people to act in your Estate Plan is as important as any other decision. Who will act as your successor trustee (trusts), executor (wills), and financial powers of attorney for finances and healthcare decisions will impact how your estate plan is executed upon death.
On the other side of the coin, if you are named as one of these important individuals, it is important to understand your responsibilities to carry out the wishes of the people entrusting you with this responsibility.
Jim Burch of EasyLegalPlanning.com outlines all of this in this video.
Want your estate plan set up?
Jim and his team can complete your estate plan in all 50 states.
https://easylegalplanning.com/
Or, reach out to me to connect you to Jim.
=============================
Find more retirement resources at https://TheRetirementNerds.com/
============================================================
Join our newsletter for monthly tips, book recommendations, and personal stories!
https://theretirementnerds.com/newsletter/
============================================================
⏰ TIME CODES ⏰
0:00 Intro
0:44 Setting up your own trust
0:57 Naming Successor Trustee
7:19 Naming Beneficiaries
17:42 Naming Guardianship
20:05 Financial Power of Attorney (Financial)
27:22 Medical Power of Attorney (Medical Directive)
30:42 YOU are the Successor Trustee
37:15 YOU are the Power of Attorney
39:34 YOU are the Beneficiary
45:00 Be Proactive
47:23 Where to get help
=============================
#estateplanning #willsandtrusts #theretirementnerds #retirementnerds
Federal Disclaimer:
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.
View all episodes
By Erik Soderborg
5
33 ratings
Putting in the right people to act in your Estate Plan is as important as any other decision. Who will act as your successor trustee (trusts), executor (wills), and financial powers of attorney for finances and healthcare decisions will impact how your estate plan is executed upon death.
On the other side of the coin, if you are named as one of these important individuals, it is important to understand your responsibilities to carry out the wishes of the people entrusting you with this responsibility.
Jim Burch of EasyLegalPlanning.com outlines all of this in this video.
Want your estate plan set up?
Jim and his team can complete your estate plan in all 50 states.
https://easylegalplanning.com/
Or, reach out to me to connect you to Jim.
=============================
Find more retirement resources at https://TheRetirementNerds.com/
============================================================
Join our newsletter for monthly tips, book recommendations, and personal stories!
https://theretirementnerds.com/newsletter/
============================================================
⏰ TIME CODES ⏰
0:00 Intro
0:44 Setting up your own trust
0:57 Naming Successor Trustee
7:19 Naming Beneficiaries
17:42 Naming Guardianship
20:05 Financial Power of Attorney (Financial)
27:22 Medical Power of Attorney (Medical Directive)
30:42 YOU are the Successor Trustee
37:15 YOU are the Power of Attorney
39:34 YOU are the Beneficiary
45:00 Be Proactive
47:23 Where to get help
=============================
#estateplanning #willsandtrusts #theretirementnerds #retirementnerds
Federal Disclaimer:
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.
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