It starts with the estate planning stress test that looks at the amount of stress your family would have to deal with if something were to happen to you right now. Things like going through probates, creating your retirement and legacy blueprint, important steps your family needs to take when something happens to you and addressing potential outside influences and challenges the transfer of an estate or lay claim to funds will be covered today.

These are only some of the things you need to consider. In this episode we will run through the 20 questions about stress testing your estate plan and many more! Our focus is always to figure out what your goals are, figure out the best strategies to help you achieve those goals, and then pick the right tools.

In this episode, you'll learn...

- Chris' positive focus for the week

- Estate Planning

- Having an income plan for retirement

- Creating a retirement and legacy blueprint

- Different legacy blueprint focus

- The three big risks as it relates to retirement and legacy planning

- What important steps your family needs to take when something happens to you

- Why it is important to ensure access to your estate planning documents

- Do you have standing instructions or provisions for medical tests to determine your level of capacity so that someone could handle your immediate affairs?

- Basic guardianship documents

- Do you confidently know if your assets are subject to government seizure to pay for your long-term care?

- Personal care plan

- Advantage of a family meeting where all of the persons involved in your estate understand what needs to happen.

- Are you 100% confident that your executors or beneficiaries will not subject your estate to probate court to decide who gets your assets?

- The benefits of getting your assets are properly titled

- Our 10 point estate planning audit checklist

- Possible disputes over hard to divide assets.

- Why not having a proper beneficiary designation is the worst mistake a family can make

- How to address potential outside influences and challenges the transfer of an estate or lay claim to funds

- Have you set up controls for distributions for your funds?

- Making sure there is continuity in taking care of your parents when something happens to you.

- Have you established a well-documented succession plan so your families

- Legacy locker where we can store all digital media

Links and Resources:

- castlewealthlegal.com

- RetirementPlanWebinar.com

- AlzElderCare.com

- castlewealthgroup.com

- TheChrisBerryShow.com

- Michiganestateplanning.com

- Twitter

- Facebook

- LinkedIn

- YouTube

075 Stress Testing Your Estate Plan

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