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EP01: Estate Planning Essentials with Edward Wollman
Description
Join us for the debut episode of Senior Living Straight Talk Hosted by Vi as we dive into the world of estate planning with esteemed attorney Edward Wollman—an expert attorney in wills, trusts, and estates, and the founding partner of the Wollman Gehrke & Associates PA law firm. Attorney Wollman provides valuable insights and expert guidance on the process of creating a thorough estate plan.
In this episode, they talk about:
- The six essential documents that should be included in a thorough estate plan
- Proper titling of assets to carry out clients’ estate plans
- Consistency between clients' scheduled plan of wealth distribution and estate planning documents with their current family dynamics
- The importance of having proper estate plans in place for clients
- The significance of including planning for long-term care in estate plans
Memorable Quotes:
"The durable power of attorney is an extraordinarily important document while you're living. It stops when you stop."
"Make sure your client has a financial plan, make sure they understand how long their assets are going to last and how they're going to take care of themselves."
"It's so important that you work with your advisors, your financial advisor, your accountant and your lawyer to make sure that their assets are titled properly."
Resources:
Links Mentioned:
Wollman, Gehrke & Associates, P.A. Website
Wollman, Gehrke & Associates, P.A. on Facebook
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