How Legal Documents Impact Your Finances and Retirement - Part 2

Americans believe it’s important to have a will, but less than half have one. Not only do many Americans lack a basic will, they often lack very important legal documents. On part two of this series, Don will discuss how his family handles these documents and the process of getting his children updated.

 

Show Notes: https://doncashpodcast.com/podcast/how-legal-documents-impact-your-finances-and-retirement-part-2/

 

Today's Rundown: 

0:36 – Baseball season not going any better for Don than football.

2:05 – What we talked about during part 1 of this series.

2:45 – Don fills us in on how the estate planning is going for his family.  

3:24 – Don had to make changes with his children getting older.

4:03 – Typically, the husband will name the wife as the executor of the will.

4:53 – Where do your children’s spouses fit into the plan?

5:33 – Remember that not all of your assets get passed on through the will.

6:25 – Here’s how Don got to thinking about getting his adult children to think about legal documents.

8:50 – How often should people be updating these types of documents.

10:36 – Cash Connection time

10:40 – Mailbag question: I keep hearing that if President Trump is impeached, the stock market will crash. What do you think I should do?

11:57 – Trivia Question: Who are the only two presidents to be impeached?

15:00 – Getting to Know Don: Any television shows that you’re into right now?