While most people understand the importance of completing an estate plan, many often fail to have an estate planning meeting with those responsible for bringing their plan to fruition. Without this knowledge, your heirs may struggle to implement your estate plans.
There are many reasons why people avoid the family meeting, including:
- A desire for privacy
- Fear of disclosing their financial situation
- Lack of knowledge on what to do
So, I asked attorney Susan Swinehart to join our conversation on this critical topic. We dive into the A to Z of an estate planning meeting so you know the pros, cons, where to begin, and real-world situations to help ensure your wishes come true.
Wealth Inside and Out® Podcast: “Topics for an Estate Planning Family Meeting”
In this episode, you will learn:
>> (5:56) Considerations when disinheriting an heir
>> (11:24) Why is input from beneficiaries so valuable
>> (18:09) What to do if you believe a beneficiary could harm you
>> (26:02) Considerations when preparing for the meeting
Conclusion – “The Estate Planning Family Meeting”
Once you complete your estate plan, you need to inform your heirs and executors of your intentions and goals in your estate planning documents. This helps ensure that your wishes are honored and your beneficiaries are not left to guess what you wanted to accomplish. The estate planning meeting will help to ensure everyone is on the same page and not left to their interpretation of what you meant. This meeting can also help everyone get on the same page and avoid conflicts downstream.
Enjoy the episode.
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To your financially secure life,
Annette
