Jill Mastroianni

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152 appearances 1 recordings 1 series first heard May 2026 last heard 23 May

Jill Mastroianni’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in May 2026 with 1.

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Motley Fool Hidden Gems Investing · Give Your Family the Gift of an Estate Plan, and Ask the Same of Them · 23 May 2026 podcast

Yeah.

And I actually did a whole episode on the sort of the practical problems with powers of attorney and how you can try to avoid them by taking certain steps.

But you can't avoid everything.

And I get where the bank is coming from.

It's a huge liability if they accept a power of attorney and someone takes money that they shouldn't be taking.

So I understand their perspective for sure, but that's the document that a lot of us have.

So there are ways that you can take proactive steps while everybody is still competent and healthy to make sure when there is a crisis or someone loses capacity that you have the authority you need.

It's just that we're so busy generally going through our lives that we don't think, okay, I'm going to take these extra steps now to make that future possible.

a situation even easier when we don't see it right in front of us.

So if you go to an estate planning attorney, you are likely going to pay by the hour.

So having that attorney account for every knickknack or family heirloom, it could get quite expensive.

There are some states that allow you to do sort of a

written memorandum to accompany your irrevocable trust or your last will and testament where you can actually write down these objects or items of tangible personal property yourself and say, OK, this jewelry box, you know, goes to Sal Smith or something like that.

Also, when I draft documents, I always have language in the section about tangible personal property that there is one person is generally going to be the executor whose decision is final and binding.

You can also have different methods of how people choose an item that they might want.

I also think at the end of the day that we as adults, you know, need to realize that while we might be grieving and that might cause our emotions to be heightened, there is only one music box or there's only, you know, one sewing machine or whatever that item is.

And we can't split it in half.

So even in our grief, we do need to try our very best to be reasonable.

Also, I think if you know that there are items that your family might fight about, the same thing goes for, you know, talking about who you might name to make decisions for yourself if you're incapacitated.

Talk to your family about what they might want or who you might be giving things to so everyone sort of knows what your intent is.

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