The Importance of Having a Will, Trust, Power of Attorney & Healthcare Directive

New Focus on Wealth with Chad Burton

English - September 06, 2023 19:31 - 37 minutes - 34.3 MB - ★★★★ - 60 ratings
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Previous Episode: Achieving a Successful Retirement: Financial Clarity and Fulfillment

Next Episode: The Resilient Economy Despite Inverted Yield Curves And Higher Interest Rates

In this episode, host Chad Burton provides a market update and discusses estate planning. He explains the importance of having a will, trust, power of attorney, and healthcare directive, and addresses the cost associated with these documents. Additionally, he shares that the S&P 500 has seen a rally with a total return of 18.36% for the year.

Timestamps:

[00:01:36] Market cap weighted index.

[00:05:21] Weaker dollar and international positions.

[00:08:22] Inverted yield curve.

[00:11:22] Roth 401k and tax breaks.

[00:17:06] Roth contributions and tax deductions.

[00:19:07] What is an estate plan?

[00:25:02] Power of attorney for digital assets.

[00:26:09] Incapacity and healthcare directive.

[00:30:55] Leaving money for kids.

[00:34:06] Fully discretionary trust.

[00:36:40] Financially screwing up kids.

Email your money question to [email protected].

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com