(Jessica) Welcome to Money Matters on the Southern Bank Financial Wellness Network. I’m Jessica.
(John) And I’m John!
(Jessica) And today we’re talking about how to create an estate plan.
(John) That’s right, Jessica. An estate plan is essentially a record of who should receive your assets after you’ve passed away. No matter how much money you have, it is a good idea to have at least a basic plan in place. An estate planning attorney can guide you through the process, or you may prefer to do it yourself.
(Jessica) Some steps to take include creating a last will and testament, deciding a living will, assigning power of attorney, and potentially establishing a trust to protect your assets.
(John) Having an estate plan in place will ensure your money and belongings go where you want them to go and will give you and your loved ones peace of mind and the knowledge of what you want at the end of your life.
(Jessica) We’ll see you next time on Money Matters. And remember, Financial Wellness starts here!
