Ep. 72 Estate Planning Tailored to Your Family's Dynamics (with special guest Wendi Lester Efflandt)
11/14/24 • 53 min
Got a question? Send me a text.
Join me as I sit down with Wendi Lester Efflandt, a seasoned estate attorney from Texas, who shares her expertise on crafting tailored estate plans that truly resonate with personal and familial goals. Wendi explains why a one-size-fits-all approach won't suffice. Together, we explore the necessity of choosing the right legal instruments—wills, trusts, powers of attorney, etc. that are best suited for individual circumstances such as family size and the ages of any children involved.
In our discussion, we delve into the subtle complexities of powers of attorney, shedding light on why the right person for medical decisions might differ from the one handling financial matters. Wendi highlights the importance of relying on local experts familiar with state-specific laws to avoid common pitfalls, such as improperly witnessed documents and errors from online legal templates. We emphasize the importance of updated documents and caution against the reliance on AI for estate planning, advocating instead for professional guidance to ensure clarity and prevent financial mishaps.
Our conversation also uncovers the often-overlooked task of organizing crucial personal information to ease the burden on loved ones. Wendi and I discuss practical steps to safeguard vital data, from creating a comprehensive "location of important documents" worksheet to simplifying financial affairs. This episode empowers you to tackle estate planning with confidence, offering insights that underscore estate planning as not just a necessity, but a thoughtful gesture for those you leave behind. Tune in for a wealth of knowledge that will equip you to navigate the estate planning process with assurance and precision.
If you would like to learn more about Wendi, you can connect with her via her website here (https://www.heritagelawtexas.com).
Want to learn more? Here are your next steps:
Step 1: Join my FREE Facebook Community. Connect, share, and learn how to master your money with other women just like you.
➡️ Join here: https://www.facebook.com/groups/941450038160915
Step 2: Want to work together to transform your relationship with money and build true financial confidence?
➡️ Schedule your 1 hour Money Mastery Call here : https://generatealifewelllived.com/11-support
Money doesn't have to feel overwhelming. Let's create a strategy that feels aligned and empowering for you.
From my soul to yours,
Erin
Got a question? Send me a text.
Join me as I sit down with Wendi Lester Efflandt, a seasoned estate attorney from Texas, who shares her expertise on crafting tailored estate plans that truly resonate with personal and familial goals. Wendi explains why a one-size-fits-all approach won't suffice. Together, we explore the necessity of choosing the right legal instruments—wills, trusts, powers of attorney, etc. that are best suited for individual circumstances such as family size and the ages of any children involved.
In our discussion, we delve into the subtle complexities of powers of attorney, shedding light on why the right person for medical decisions might differ from the one handling financial matters. Wendi highlights the importance of relying on local experts familiar with state-specific laws to avoid common pitfalls, such as improperly witnessed documents and errors from online legal templates. We emphasize the importance of updated documents and caution against the reliance on AI for estate planning, advocating instead for professional guidance to ensure clarity and prevent financial mishaps.
Our conversation also uncovers the often-overlooked task of organizing crucial personal information to ease the burden on loved ones. Wendi and I discuss practical steps to safeguard vital data, from creating a comprehensive "location of important documents" worksheet to simplifying financial affairs. This episode empowers you to tackle estate planning with confidence, offering insights that underscore estate planning as not just a necessity, but a thoughtful gesture for those you leave behind. Tune in for a wealth of knowledge that will equip you to navigate the estate planning process with assurance and precision.
If you would like to learn more about Wendi, you can connect with her via her website here (https://www.heritagelawtexas.com).
Want to learn more? Here are your next steps:
Step 1: Join my FREE Facebook Community. Connect, share, and learn how to master your money with other women just like you.
➡️ Join here: https://www.facebook.com/groups/941450038160915
Step 2: Want to work together to transform your relationship with money and build true financial confidence?
➡️ Schedule your 1 hour Money Mastery Call here : https://generatealifewelllived.com/11-support
Money doesn't have to feel overwhelming. Let's create a strategy that feels aligned and empowering for you.
From my soul to yours,
Erin
Previous Episode
Ep. 71 The Federal Reserve and the book "The Creature from Jekyll Island"
Got a question? Send me a text.
On the podcast today, I share my insights from the book "The Creature from Jekyll Island" by G. Edward Griffin. The author sheds light on the controversial creation and role of the Federal Reserve in our economy. By understanding the concept of fiat money and the Federal Reserve's significant influence, you'll have a better understanding of the banking system.
In this episode we discuss:
- The Federal Reserve
- Fiat money
- Fractional Reserve Banking System
- Inverted Yield Curve
Resources mentioned in the episode:
- Want to attend my weekly workshops? You can get on my community newsletter by going to my website here (https://generatealifewelllived.com)
- The Creature of Jekyll Island by G. Edward Griffin
Want to learn more? Here are your next steps:
Step 1: Join my FREE Facebook Community. Connect, share, and learn how to master your money with other women just like you.
➡️ Join here: https://www.facebook.com/groups/941450038160915
Step 2: Want to work together to transform your relationship with money and build true financial confidence?
➡️ Schedule your 1 hour Money Mastery Call here : https://generatealifewelllived.com/11-support
Money doesn't have to feel overwhelming. Let's create a strategy that feels aligned and empowering for you.
From my soul to yours,
Erin
Next Episode
Ep. 73 It's 100% Your Responsibility AND It's Not Your Responsibility
Got a question? Send me a text.
Join me in this episode as I discuss the balance of taking 100% responsibility for our life so that we are empowered and can make changes while also not taking responsibility for everyone else.
For many of us, our work lies in that we take too much responsibility for everyone else. Often this comes from our upbringing as many of us were the "parents" in our family. I discuss how this kept us safe and protected us when we were younger, and it might not serve us now. It's time to honor, re-evaluate, and release these old layers while forming new beliefs that resonate with who we are today.
Resources mentioned in this episode:
- 4-part free video workshop series with Carmen Tuleta and I where we empower you with your Human Design type, Authority (decision making skills), the 3D and 5D of money and bring it all together and apply it in the real world. If you would like to take the course, you can sign up here (https://generatealifewelllived.com/create-financial-ease-with-human-design)
Want to learn more? Here are your next steps:
Step 1: Join my FREE Facebook Community. Connect, share, and learn how to master your money with other women just like you.
➡️ Join here: https://www.facebook.com/groups/941450038160915
Step 2: Want to work together to transform your relationship with money and build true financial confidence?
➡️ Schedule your 1 hour Money Mastery Call here : https://generatealifewelllived.com/11-support
Money doesn't have to feel overwhelming. Let's create a strategy that feels aligned and empowering for you.
From my soul to yours,
Erin
Your Money, Your Rules | Financial Planning, Budgeting, Scarcity Mindset, Financial Freedom, Online Business - Ep. 72 Estate Planning Tailored to Your Family's Dynamics (with special guest Wendi Lester Efflandt)
Transcript
You're listening to generate a life Well-lived podcast . I'm your friend and confidant , erin gray . On this podcast , we will explore all things money , business and self-development , including human design . I hope you enjoy the journey where I share everything that I know and am continuing to learn a long way as I honor my heart's desires while inspiring and encouraging you to do
If you like this episode you’ll love
Episode Comments
Generate a badge
Get a badge for your website that links back to this episode
<a href="https://goodpods.com/podcasts/your-money-your-rules-financial-planning-budgeting-scarcity-mindset-fi-360038/ep-72-estate-planning-tailored-to-your-familys-dynamics-with-special-g-78325090"> <img src="https://storage.googleapis.com/goodpods-images-bucket/badges/generic-badge-1.svg" alt="listen to ep. 72 estate planning tailored to your family's dynamics (with special guest wendi lester efflandt) on goodpods" style="width: 225px" /> </a>
Copy