Nov 30, 2017
The estate planning process can seem a little daunting. Having gone through the process, I remember walking into my lawyer’s office and not having a clue what was going to happen— much less how much it would cost. In this episode, with my younger pre-estate planning self in mind, I interview Susie Meyers who is an estate planning attorney with Warner Norcross & Judd LLP. Susie gives real, practical and actionable advice on why you should have an estate plan, and what you can do to prepare to save yourself a few dollars in the process.
Topics discussed in this episode:
At a Glance—The Estate Planning Process:
An Estate Planner’s Tips for Preparing for Your First Meeting:
Notable and Quotable:
“Everyone has an estate plan whether you draft it or not,” —Susie Meyers #estateplanning101 #successfulgenerations
“Estate planning is not just for the elderly or wealthy. It’s important for everyone,” —Susie Meyers #estateplanning101 #successfulgenerations
“Once a child turns 18, a parent no longer has the ability to make medical decisions for them or access their finances,” —Susie Meyers #estateplanning101 #successfulgenerations
“At the very least everyone should have a Durable Power of Attorney and a Patient Advocate Designation, also known as a Medical Power of Attorney,” —Susie Meyers #estateplanning101 #successfulgenerations
“A prenup covers property rights of a spouse in the event of divorce or death. You still need an estate plan to execute what you agree to in the prenup,”—Susie Meyers #estateplanning101 #successfulgenerations
“Estate planning is like building a house—lots change orders will add to the price,” —Susie Meyers #estateplanning101 #successfulgenerations
Resources mentioned in this episode:
Find Susie at Warner Norcross & Judd LLP
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