In this episode, I discuss the importance of estate planning and the difference between estate planning and financial planning. I highlight the consequences of not having a plan in place and the potential challenges that can arise, especially during unexpected events like COVID-19. I also emphasize the need to regularly review and update your estate plan to ensure it aligns with your current circumstances. Watch this video to gain valuable insights and take action to protect your assets and secure your family's future. 1:00 – What is estate planning and why is it important? 2:00 – Since we can’t take it with us, we need to set up a proper distribution plan.  If not we will create the worst human emotions conceivable when we pass. 4:00 – How does estate planning differ from financial planning? 6:00 – What is the most common estate planning mistake? 7:30 – Does a “do-it-yourself” plan actually work? 8:30 – Have a professional review your estate – call Estate Planning Specialists at 888-892-1102 11:00 – What is the impact of “intestacy?” 12:00 – Worst case in U.S. history – Howard Hughes, richest man in the world.  Another example – The Queen of Soul. 13:30 – What is a Revocable Trust and how is it better than just a will? 14:00 – Sign up for our monthly newsletter, Generational Wealth Strategies at www.generationalwealthnewsletter.com 15:00 – Be the builders of a powerful, productive posterity! Learn more: * Estate Planning Made Easy website* The 10 Most Common Estate Planning Mistakes, 4th Edition, by David T. Phillips* Generational Wealth Strategies newsletter Contact:* Estate Planning Specialists at 888-892-1102* The Durfee Law Group at 480 324-8000 Receive a 50% discount on all our books and reports (not the Analysis) using the discount code EPMEZ when you go to shop.epmez.comSee omnystudio.com/listener for privacy information.

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