You’re working hard to build wealth, but without estate planning, your assets could easily land in the wrong hands, causing your family a great deal of trouble. No one likes thinking about their death, but you NEED to tackle this issue head-on if you hope to preserve your legacy!Welcome back to the BiggerPockets Money podcast! Today, we’re tackling two of the most taboo topics—death and money—with estate and elder attorney Jenny Rozelle. If you’re nearly ready to retire, you MUST develop an estate plan. Otherwise, intestate succession laws will determine your fortune’s fate. Even if you’re young and have little to your name, there are basic steps you can take today to ensure that your current and future assets don’t go to the wrong person.In this episode, you’ll learn how to find the BEST estate planning attorney and prepare for your first meeting. Jenny also shares the truth behind probate and why it isn’t nearly as painful as it sounds!Stick around for part two, where we rapid-fire estate planning questions at Jenny as she shares information even we didn't know about!In This Episode We CoverBasic estate planning documents every person needs (regardless of age)What really happens in probate court (and why it’s NOT as scary as it sounds)Intestacy explained, and how to stop your assets from landing in the wrong handsHow to make sorting out your estate as easy as possible for your loved onesAnd So Much More!Links from the ShowBiggerPockets Money Facebook GroupNetwork with Other Investors on The Path to FIRE Through the BiggerPockets ForumsFinance Review Guest OnboardingJoin BiggerPockets for FREEMindy on BiggerPocketsScott on BiggePocketsListen to All Your Favorite BiggerPockets Podcasts in One PlaceApply to Be a Guest on The Money ShowPodcast Talent Search!Find an Investor-Friendly Agent in Your AreaFind Investor-Friendly LendersProperty Manager FinderBiggerPockets Money 397 - Estate Planning, Wills, and What to Do NOW to Protect Your HeirsBiggerPockets Money 401 - The Post-Passing Plan: 3 Steps to Protect Your Family’s Financial FutureBiggerPockets Money 503 - How to Keep MORE of Your Inheritance From the IRS (Avoid These Tax Mistakes!)00:00 Intro01:27 Why You NEED an Estate Plan07:52 Finding an Attorney & Probate 10118:10 First Steps for Early Retirees24:56 Getting Organized & Estate Planning Costs37:00 Connect with Jenny!37:29 Start Planning Today!Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-532Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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