Love is a beautiful thing, but it can get complicated when you have a blended family and someone passes away.
In this episode of the Thank Me Later Show with Jini, we speak with Olivia Smith, an estate and probate attorney, and Yvette Thibodeaux, a Chief Strategist who recently lost her stepfather.
We uncover the crucial steps in initiating conversations with families (including adult children) about inheritance, clarifying roles of decision-makers, and ensuring fair allocation of assets.
Join us as we untangle the legalities and explore strategies to ensure your loved ones are taken care of, while minimizing future family feuds. If you apply to tips in this podcast and prioritize your estate plan, I promise that you will #thankmelater!
#thankmelatershow #thankmelatermoney #jinithornton #moneycoach #financialexpert #estateplanning #legacyplanning #blackwomenwill
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STAY CONNECTED:
Connect with Thank Me Later:
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Connect with Yvette:
https://www.instagram.com/yvette_thib/
https://www.linkedin.com/in/yvettethibodeaux/
https://www.facebook.com/yvette.thibodeaux.102
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RESOURCES:
- Thank Me Later Resources:
- TML Community: https://www.thankmelater.money
Legacy Planning Educational Resources & Videos: https://blackwomenwill.com/education/
Learn more about Black Women Will at https://blackwomenwill.com/
If you’re in Georgia, sign up to volunteer or complete your will at our upcoming event on Saturday, November 16th, 2024 in Atlanta!
Check out Olivia’s podcast: Black Parents Aging: https://www.srlawgrp.com/black-parents-aging-podcast
TIMESTAMPS:
5:03 - The story of Yvette’s father passing away
7:31 - The challenges of blended families in estate planning
10:07 - The importance of removing the emotion on the delegation when someone dies
13:58 - Potpourri vs. blended families
14:45 - Common distribution of assets in second marriages
15:20 - Recommendations from an attorney about navigating adult children and estate planning
16:55 - The job of the executor of a will
19:37 - The skills needed to be the executor of a will
20:25 - The experience of churches guiding members through the passing of a loved one
27:06 - How to start the conversation with a stubborn family member
29:08 - How losing a loved one impacts conversations with adult children about legacy planning
32:09 - Choosing the guardian of minor and / or special needs children
39:01 - Who gets the kids if both parents are deceased?
41:20 - Why you have to talk to the people you list in your will (executor)
42:05 - The importance of having ongoing conversations with adult children and loved ones about your end of life wishes
42:55 - Why organization is a critical piece of legacy planning