Estate planning

Let's go to questions.

Building in Georgia says, how is estate planning with Vanguard? I'm looking into a trust because I have had a recent windfall, and I want to plan to set up my children and hopefully grandchildren with some stability.

I trust Vanguard and feel it may be a better company to go with than a smaller trust company or a local attorney who specializes in trust.

What are your thoughts?

Okay.

This is such an interesting question because Vanguard – has different levels of their personal advisory service.

And if you have enough money that has come into your life, you qualify for estate planning attorneys who are staffers at Vanguard, who will sit down with you and integrate with a Vanguard planner, both having the proper, if you need trust, what those trusts would be, But most often what I find is that what happens is that if you have enough assets, you have access to their attorneys who will look at what you have an outside attorney prepare who specializes in wills, states, and trusts and suggest things that would be more appropriate in the low-cost Vanguard world.

A lot of the trust work done ends up leading to a lot of expenses at high fee kind of organizations.

We'll talk about it and then we'll send you off to our attorneys if you don't have any.

It is a part of the retirement planning process is the estate planning issue.

Having those legal documents in place.

We talk about wills.

Her sister, Freda, says there's no feud in the family.

So how does a plan that carefully still end up in a courtroom within weeks of her death? Is there a gap that even the best estate planning can't close, such as the people who work for her and what they were owed or what they think they were owed?

No, where there's a will, there's a way.

And that's the one thing.

You know, nothing tears a family apart faster than than confusion, conflict, and missing documents after a loved one passes away.

Back by popular demand, today's show is all about estate planning and protecting the people you love.

You know, you've spent a lifetime building your nest egg.

The question is, who gets it when you're done? I'm Mark Falter.

You're listening to the Retirement Income Hour.

The title of today's show is Estate Planning Revisited.

So recently we talked about this topic on the air.

We got so many calls that filled up our free educational workshop that we are going back on the air and talking a little bit further about the topic and we're extending into more workshops.

Matt is an attorney.

He practices asset and estate planning law.

He's also a registered investment advisor.

He operates out of Colorado and Wyoming, and he is all of those things, but he is not yet necessarily your attorney if you're, uh, listening to this and you are not under an engagement letter with him.

Like, it's more than just the material or the financial assets.

And I think most of us would agree that if we're really honest, the, the most valuable asset we have is the relationships, and the relationships that matter most to us are the family.

And oftentimes when it comes to estate planning, asset protection, inheritance planning, legacy, it's the thing that's the hardest to do.

It's the conversation that, that are the hardest to have.