Episode #48: I've Got A Will, Isn't That Enough?

When you think about the next generation and your family, you might also think about your assets being passed down. From your heirloom dining room table to your financial investments, does a will cover everything? How can you make that transition process as simple as possible (and avoid probate)?

On this episode: 

1:24 - I’ve got a will, isn’t that enough?

2:35 - What is probate? What usually goes through probate?

3:42 - Set up a beneficiary designation on your assets.

6:21 - IRAs and 401(k)s typically have a beneficiary designated, but what have you done with your bank account?

9:22 - What does a will do?   

9:47 - Make sure you have powers of attorney. Who can speak for you?

11:05 - Sign a HIPAA authorization.

11:42 - Have a living will.

14:48 - A lot of these decisions can be emotional if done while in crisis mode.

Show notes and additional resources: https://coveryourassetskc.com/ep-48-ive-got-a-will-isnt-that-enough/