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Let’s dive deep into the concept of estate planning, reframing it as the creation of your legacy.
Estate planning often carries the misconception that it’s merely about preparing for what happens after one passes away. However, we explore the broader and more empowering notion of legacy building, which is about making deliberate choices to set up a plan that benefits you during your lifetime and continues to be effective long after you are gone.
We emphasize the universality of estate planning by comparing it to installing an alarm system in your homeβit’s not just for the rich, and anyone can benefit from it.
By the end of the video, you will understand the importance of being a steward of your wealth, both during your life and beyond.
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Show Notes:
0:00 Intro
5:23 Demystifying This Myth
9:35 Estate Planning Options
16:49 The Cost of Probate
22:00 Distributing Your Estate
32:16 Living Trust vs. Will
42:12 What Happens Without a Proper Estate Plan?
45:46 Conflict with Family
55:02 Emergency Binder
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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