Estate Planning – Life Isn't Lived On a Spreadsheet

The Most Essential Conversations You Need to Have About Estate Planning (Ep. 11)

By Poterack Captial Advisory | January 2, 2024

Not all conversations about money are going to be comfortable, especially the conversation about what happens to your assets after you pass away.

This week, Ryan Poterack discusses the value of having conversations about money and estate planning early on in life. Ryan highlights the emotional aspects of these discussions and the role of a wealth manager in facilitating them.

This episode also covers the necessity of including children in estate planning conversations and the potential for disagreements. Ryan then goes on to emphasize the value of having a plan and how to thoroughly communicate it to loved ones.

Talking points include:

How to start conversations about estate planning with your loved ones
The most common mistakes people make when creating an estate plan (and how to avoid them)
The emotional aspect of having these conversations and why it’s up to the parents to decide when to initiate them
The roles associated with an estate plan (including power of attorney, financial power of attorney, and the executor)
And more!

Resources:

“Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack

Connect with Ryan Poterack:

LinkedIn: Ryan Poterack

Connect with Poterack Capital Advisory:

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How To Find The Right Financial Professional? Here’s What You Need To Know (Ep. 4)

By Poterack Captial Advisory | September 26, 2023

When it comes to managing our finances, seeking support from a professional advisor can save us from many costly mistakes.

In this episode, Ryan Poterack uncovers the importance of finding the right financial professional and the concept of comprehensive planning. Ryan stresses the value of gathering quantitative and qualitative information from clients while providing them with a holistic view of their financial situation and personal aspirations.

Listen in as Ryan addresses the challenges faced by ‘do-it-yourselfers’ and the benefits of establishing a fee-for-advice relationship with a financial professional.

Ryan discusses:

Reasons he gathers quantitative and qualitative client data
What ‘fiduciary’ means at Poterack Capital Advisory
The value of asking your advisor about their professional network (ranging from attorneys, CPAs, tax professionals, and beyond!)
Some of the roadblocks ‘do-it-yourselfers’ face when doing their own financial planning
And more!

Resources: