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The Prosperity Podcast

505 EpisodesProduced by Kim D. H. Butler and Spencer ShawWebsite

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

20:53

Why Most Estate Plans Don’t Work - Episode 185

Summary:

No B.S. Money Guy Todd Strobel talks with Rick Randall about why most estate plans don’t work and together they will share a unique 3 step strategy to get your estate plan working for you.

Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.

 

Links in this Episode:

National Network of Estate Planning Attorneys - https://nnepa.com

Randall, Gentry & Pike - http://www.lifespanusa.com/

Submit your questions hello@partners4prosperity.com

 

Show Notes:

00:00 Introduction

00:43 Today’s topic: Why Most Estate Plans Don’t Work

01:37 The 3 step strategy to get your estate plan to work for you

03:05 You have to do two things to make a plan work

03:44 The “snapshot test”

05:25 Wisdom as well as wealth

07:15 If you already have a trust make sure you already have these things in place

10:15 How to find an attorney you are comfortable with

13:44 Does an irrevocable trust mean it can’t be fixed in the future?

16:05 Implementing the 3 step strategy for your estate plan

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