080: Getting Your House In Order Before Something Unfortunate Happens

Subscribe on These Platforms:

Apple PodcastsSpotifyGoogle PodcastsStitcher

We are not promised tomorrow. If you died or were disabled, how much would your loved ones have to invest in figuring everything out while they're also grieving your loss?

If you're an entrepreneur or a business owner and you have children, having a last will and testament is one of the things you need to prioritize. You want to make sure your assets are treated the way you want and that all those things flow while people are also trying to send you off to your “next” adventure.

In today’s episode, we're going to talk about how you can be as prepared as possible for when bad things happen as well as some things you should be thinking about earlier or sooner than later. A lot of people love to push this topic off because it's tough, but it's a very important, practical conversation to have.

It's important to be proactive because this is one area that families tend to fight about. If you can set things up to dictate how your assets are going to go and flow, then that takes it out of the hands of your children and your family, so there's less fighting. 

The more complicated your situation is and the more assets you have, the more you’re probably going to need an attorney. Now, you may have the best intentions but intentions are not legal. And so, your best intentions could go by the wayside if you die before they're instilled. 

In this episode, you will hear:

  • Why you need to have this conversation
  • Why an operating agreement is critical in your business
  • It's not too small to have a last will and testament
  • The Young Adult Power of Attorney

Subscribe and Review

Have you subscribed to our podcast? We’d love for you to subscribe if you haven’t yet. 

We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.

Supporting Resources:

Mama Bear Legal Forms – Last Will & Testament

Mama Bear Legal Forms – Young Adult Power of Attorney

Don't miss an episode! Join our newsletter list!

As a thank you, we're going to send you our Top 50 Tax Deductions Cheat Sheet!

Keep more of your money & learn our Top 50 Tax Deductions and the details to legally create potential income tax savings right now.