Ramp Up to Retirement
The Importance of Communication in Estate Planning
Key Takeaways
- The necessity for open and frequent communication about financial plans
- The strategic incorporation of philanthropy into your estate plans
- The importance of regular reviews and updates to your estate plans
- Insight into estate planning tools like GRATs and ILITs for managing tax implications
- The timing of conversations and financial distributions
- Ensuring life insurance policies and beneficiaries are up-to-date
Show Notes
What does it take to help ensure your wealth supports your family and favorite causes even after you’re gone?
In this episode, Dan Reese CFP® discusses the critical aspects of estate planning, focusing on inheritance and the importance of communication. Discover why talking about money with family isn’t as taboo as you might think and learn ways you can make these conversations more frequent and meaningful. Dan walks through traditional practices and innovative solutions, like family meetings and donor-advised funds, showcasing the power of teamwork in pursuing a legacy that aligns with your values.
Resources
Carson Wealth Retirement Readiness Quiz
About the Podcast
You’re nearing your Ramp Up to Retirement, where work will be optional. How do you make the best decisions to set yourself up for success? Tune in to hear from Dan Reese CFP®, Founder, Senior Wealth Advisor at Avery Wealth about the decisions and subtle changes you can make to ensure your retirement is successful!
As you approach life’s next chapter, we’re here to guide you through the intricacies of financial planning. We’ll help you stay focused on what truly matters as you navigate your retirement journey, overcome financial challenges, and leave a lasting legacy.