The Prosperity Podcast
Take control of your money. Join Kim D. H. Butler, best-selling financial author, and Spencer Shaw, as they use their prosperity mindset to utilize wealth-building tactics. Learn about the 7 Principles of Prosperity and how to make your money work as hard as you do.The Prosperity Podcast is the pers… read more
Creating and Updating Wills, Trusts, and Power of Attorney - Episode 065
Join Kim and Todd on this episode of the Prosperity podcast as they discuss the importance of creating wills, trusts, and power of attorney and keeping them updated. Find out what the minimum age is to start worrying about these documents, and the minimum amount of money you should have to create a living trust.
Also, for help creating and updating all these documents visit nnepa.com (national network of estate planning attorneys) to find an attorney in your area to help you with you paperwork, for one flat fee.
Please keep sending us all the good questions and feedback at welcome@partners4prosperity.com! We appreciate your feedback and support!
Show Notes:
0:00 Intro
0:37 Documentation: The Documents That You Sign
1:34 Looking At Wills, Trust, Healthcare, Power of Attorney: The Importance of Paying Attention
2:18 Getting Help to Update Your Documentation
- visit nnepa.com (national network of estate planning attorneys)
- finding an attorney in your area to get to create the necessary documents and keep them current
3:24 Making Changes to Your Documents While You Can
5:34 Is There A Minimum Age To Start Worrying About These Documents?
6:19 Keeping Life Insurance Policies Updated
6:48 At What Dollar Figure Should You Have a Living Trust?
7:45 The Consequences of Neglecting a Living Trust
9:32 How Often Should You Review Your Documents?
10:02 Sharing Financial Information at the Appropriate Time
11:21 Outro
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