Episode 40: What is an Estate Plan (And Do You Need One)?

In today’s episode, hosts Tim Regan and Katie Umland explore the value of estate planning for individuals at each stage of life. Estate planning is the process of documenting how you’d like your assets distributed after your passing or in the event that you become incapacitated. However, estate planning isn’t just about finances – it can also include healthcare directives and directions for who you’d like to raise any minor children in your care. For many, an estate plan provides an opportunity to make a meaningful impact and support causes that align with your values, whether that be donating to your church or supporting a local school.Tune in to hear more about how an estate plan can benefit your family, why it needs to be updated regularly and how a financial advisor can help you get started. Click here to explore our other “Retirement Readiness” episodes.