#152: Estate Planning -- Key People

Today, Josh and Amelie continue the series on Estate Planning! This week, they discuss key people! What roles do the various people play?

Takeaways:

1. Guardians - “Who will care for your children if you die?”
2. Executors (wills) and Trustees (trusts) - “Who will carry out your wishes when you’re dead?”
3. Executors/trustees may be paid.
4. Powers of Attorney/legal proxies - “Who will handle your life when you’re incapacitated (in a coma/traumatic brain injury etc.)?”
5. There are medical and financial Powers of Attorney.
6. Beneficiary – “Who is rooting for your death?” (who gets your assets when you die?)
7. A very important question to think about with beneficiaries is how to divide the assets.

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