Estate Planning For People With Modest Means – Episode 184

Summary:

No B.S. Money Guy Todd Strobel talks with Rick Randall about estate planning for people with modest means of wealth. Together they will address the cost of doing a trust the wrong way and who needs to have a trust created.

Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@ProsperityThinkers.com and we may answer it in an upcoming episode.

 

Links in this Episode:

Randall, Gentry & Pike – http://www.lifespanusa.com/public/default.asp

Submit your questions welcome@ProsperityThinkers.com

 

Show Notes:

00:00 Introduction

00:38 Today’s topic: Planning For People With Modest Means

01:40 How Rick came up with the Modest Means program

03:29 Why trusts are for everyone and not just the wealthy

04:14 Is it wise to purchase a trust kit online or should you meet with an attorney?

06:21 The cost of doing a trust the wrong way

09:44 Why people are putting off estate planning

15:59 Do you need an estate plan if you have less than $5 million?

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