Get Your House In Order – Estate Planning for 2024

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In today’s episode, Don offers actionable advice and encourages listeners to talk with their families, update their estate planning documents, and make sure their financial house is in order.

Estate Planning for 2024

Did you know that roughly 50% of people over 50 lack essential legal documents, such as wills, power of attorney, and healthcare directives? The numbers are even more concerning for younger demographics, with 80% of those under 30 lacking any basic documents. With over $84 trillion in assets set to transfer to the next generation, ensuring your estate is in order has never been more important.

In today’s episode, Don offers actionable advice and encourages listeners to talk with their families, update their documents, and make sure their financial house is in order. He reminds us that it’s not only about the assets but also about the emotional and practical implications for those we leave behind. Listen in to protect your financial future and keep your assets within the family- not with the government.

Here’s some of what we discuss in this episode:

  • The percentages of individuals across different age groups lacking essential estate planning documents
  • The importance of powers of attorney and healthcare directives once one turns 18
  • Outdated legal documents, misplacing wills, and updating your estate planning materials as life changes
  • Understanding IRA estate rules to avoid complications and tax liabilities
  • Carefully selecting executors and trustees + sharing passwords and communicating intentions with family members

 

Estate Planning for 2024

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ABOUT YOUR HOST...

Donald W. Cash – CPA, CFP®, is an independent advisor. After graduating from Rutgers University, he began his career in 1985 as an accountant. In 1990, he entered the field of Estate Planning, concentrating on long-term care planning. Don has been advising clients in the baby boomer and retirement market for 20 years. He has helped over 1,000 families with their planning needs.

Don advocates for a holistic approach to Estate and Financial Planning and has relationships with other professionals including Attorneys, CPA’s, Mortgage Specialists, Insurance Specialists and Asset Managers.

He is married to Cathy and they have 4 children, Carly, DJ, Nick and Tori. They live in Freehold, NJ.

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WAYS TO CONTACT

(732) 784-2867

don@donaldcash.com