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: 

• Poterack Capital Advisory
• Meet the team at Poterack Capital Advisory
• LinkedIn: Poterack Capital Advisory
• Facebook: Poterack Capital Advisory
• X (formerly Twitter): Poterack Capital Advisory
• 704-366-5776

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