Feb 2, 2019
There is a well-known saying “The devil is in the details.” In Jeremiah 32, it is really easy to see that God was in the details way before the devil way. This week, Hans and Robby discuss the details of estate planning, and the exact documents you need to have in order.
When setting up estate planning documents, Hans and Robby discuss how you should be thinking about your family. When you are not calling the shots anymore, you children or your spouse are going to be the ones doing this. Don’t you want this process to be easy and laid-out according to your wishes?
Hans talks about a client who came to him thinking he had everything squared away with his estate, he wanted help with his money. After talking for a few minutes, Hans figured out that he had a huge hole in his documents. He did not have some of the few essential documents at all while the other ones were not set up correctly. Before doing anything else, Hans and his client tackled this, as it can affect all other areas of your retirement planning, especially long term care.
The 4 documents you should have prepared by an elder law attorney are a Will, a Health Care Power of Attorney, a Durable Power of Attorney, and a HIPAA release. Hans explains why the HIPAA releases you have signed at the doctor already are not suitable. If these documents are not in place, your family could end up having to go through the court to get Guardianship. While this can be expensive and time consuming, it can also end in an outcome that you would not have approved of if you had a say. God is in the details, and it is important to get these details right before it is too late.
Don’t forget to get your copy of “The Complete Cardinal Guide to Planning for and Living in Retirement” on Amazon or on CardinalGuide.com for free!
You can contact Hans and Cardinal by emailing hans@cardinalguide.com or calling 919-535-8261. Learn more at CardinalGuide.com.