Essential Things You Need to Know About Wills and Estate Planning

No one likes to think about it, but preparing for the unexpected can give you some peace of mind now and protect your loved ones later! This is the essential guide to will s and estate planning for busy parents!

Creating or Updating Your Will

So heads- this episode’s topic and interview was planned and done before things changed these last few weeks due to co-vid 19.

I say this because I’m not trying to add to the anxiety. I actually believe that if you are staying home and you’re healthy, now would be a good time to take care of certain matters that maybe have been on the back burner because you haven’t had much time.

And taking care of your wills, picking legal guardians, and making life insurance is up to date – these are important.

So I decided to stick with the schedule on this episode.

There are so many we can’t control, it can be empowering in a way to focus energy on the things we can.

But when you making or updating your will, it may seem that’s too big of an issue to tackle. Today I want to break it down into manageable chunks so you can make some progress on that.

Alison Kade from Fabric is here on the show today to decode and explain the essentials of how wills work. 

 

In this episode we’ll discuss: 

• Why you need to plan now
• Basic terminology every couple should know
• How parents can prepare for the unexpected

Let’s get started! 

Resources on Estate Planning

If you want more information about setting things up for your loved ones and mage your money now, here are some resources to check out:

• Best Budget and Money Apps: Personal Capital, Tiller, Mint, Honeyfi
• Grow Your Stash Faster: High Yield Savings with CiT Bank
• Automatic Saving: Qapital
• Jumpstart Your Marriage and Your Money
• Fabric: Fabric makes term life insurance simple for busy parents. Apply in 10 minutes, and find a policy to help protect your family!
• Do it Yourself Will: Pros and Cons
• Estate Planning for Young Families
• Wills, Guardianship, and Estate Planning
• Five Essential Items for Your Estate Plan
• Choosing Legal Guardians for Our Baby
• Estate Planning Lessons We Can Learn From Cinderella

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

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Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.