🔗 Resources and Links:

• 10-Minute Wealth Vision Call: WeeklyWealthPodcast.com/vision – Quick, no-pressure financial clarity session.
• Business Value Builder Score: WeeklyWealthPodcast.com/valuebuilder – Find out how sellable your business is and how to increase its value.
• Join the Conversation: Weekly Wealth Podcast Facebook Group – Share your thoughts and get accountability on updating your estate plan.

What You’ll Learn in This Episode:

• Why Estate Planning Matters – Key components every plan should include to protect your loved ones and your wealth.
• Beneficiary Designations – How simple oversights can push your assets into probate and delay inheritance for your heirs.

• Powers of Attorney Explained – The critical role of financial and medical POAs in incapacity situations.

• Business Owner Planning – Buy-sell agreements, key person insurance, and succession strategies to keep businesses running smoothly after an owner’s death.

• Maintaining Privacy – Tools like revocable living trusts and beneficiary designations to avoid public probate proceedings.

• Celebrity Estate Planning Mistakes – Real-life lessons from Prince, Aretha Franklin, James Gandolfini, Howard Hughes, Heath Ledger, and others.

📈 Bonus Strategy:

• Lifetime Gifting – How gifting assets while alive can reduce estate taxes, simplify probate, and allow you to see loved ones benefit from your generosity now.