In this insightful episode, Melissa Joy, CFP® is joined by Ashley Waddell-Tingstad, founder of Treetown Law, to explore the vital yet often misunderstood world of estate planning.

Together, they uncover the significance of preparing for life’s expected and unexpected moments with key documents such as powers of attorney and healthcare directives. Ashley’s expertise brings clarity to the complexities of estate planning, emphasizing the importance of building strong foundations for navigating transitions and crises smoothly.

What You'll Learn in This Episode:

• Why estate planning matters: How essential documents like powers of attorney and healthcare directives prepare you for life’s uncertainties.
• Probate vs. trusts: Understanding the burdens of probate and how trusts can simplify asset management, especially for families with minor children.
• Beneficiary designations: Strategies for minimizing the probate process by keeping beneficiary designations up to date.
• Revocable living trusts: The privacy, flexibility, and tax advantages they offer, and why they’re not just for the wealthy.
• State-specific planning: The importance of consulting a local attorney to ensure your estate plan complies with unique state laws.
• Post-death planning: How trusts can protect assets from legal and financial vulnerabilities.

Resources:

Treetown Law LinkedIn

Ashley on LinkedIn

Treetown Law on FB

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