Estate Planning 101: Why Everyone Needs A Plan No Matter Their Net Worth

Episode Summary

In this episode of Leaving a Legacy: Navigating Estate Planning with Rose Harper Law, host Kevin Rosenquist sits down with estate planning attorney Rose Harper to discuss Estate Planning 101. They break down common misconceptions, why estate planning is for everyone (not just the wealthy), and the key documents everyone should have in place. Rose also explains the differences between wills and trusts, how to minimize family conflict, and what happens when you don’t have an estate plan. Whether you're just starting to think about estate planning or need to update an existing plan, this episode is packed with essential information.

Timestamps

• 00:00 – Welcome to Leaving a Legacy
• 00:37 – Why estate planning is for everyone, not just the wealthy
• 02:50 – The key legal documents in an estate plan
• 04:45 – Wills vs. trusts: Which is right for you?
• 06:22 – How trusts can protect your assets and your heirs
• 08:18 – Common misconceptions about estate planning
• 10:36 – When and how often to update your estate plan
• 11:44 – What happens if you don’t have an estate plan?
• 14:01 – First steps to take when starting your estate planning journey
• 14:52 – How to connect with Rose Harper Law for guidance

About the Show

Leaving a Legacy: Navigating Estate Planning with Rose Harper Law is a podcast dedicated to making estate planning simple and accessible. Hosted by legal experts, each episode breaks down essential topics to help you protect your loved ones, minimize stress, and ensure your legacy is secure.