Why estate planning is so critical for wealth preservation

#8: I discuss why estate planning is so critical for wealth preservation. This episode is part 1 of 2 and covers big picture questions around the “who, what, when, why” of estate planning. In the next episode, we’ll cover the “how” part of estate planning.

What you’ll learn in this episode:

• What estate planning is
• Why it’s critical to think about it as part of your FIRE framework for wealth preservation
• Who needs it
• When you should do it
• What does it involve

Links mentioned in this episode:

• 16-point estate planning checklist
• How to set up a revocable living trust (with sample trust document)
• How to write a will
• Life insurance: How to calculate exactly how much you need in 4 simple steps
• HYW private Facebook community

 Intro/Outro: Old Bossa by Twin Musicom.