Episode Summary:

In this episode of The Legacy Cast, host Kevin Rosenquist and Michael W. Kelley discuss the crucial differences between wills and living wills, common misconceptions about estate planning, and the importance of professional legal guidance in creating estate plans. Michael shares valuable insights on why everyone needs proper estate planning and the potential consequences of dying without a will.

 

Key Timestamps:

00:06 - Introduction and episode overview

00:29 - Differences between wills and living wills explained

02:17 - Additional aspects of living wills and healthcare directives

03:22 - Common misconceptions about wills

05:48 - Why everyone needs an estate plan

07:10 - What happens when someone dies without a will

09:30 - How attorneys approach estate planning consultations

10:47 - Importance of professional legal counsel

13:57 - How often to review estate plans

15:22 - Handling complex family dynamics in estate planning

 

About The Show:

The Legacy Cast by Kelley Legacy Law features founder Michael W. Kelley and focuses on helping families enhance their lives today and secure their futures tomorrow. The show provides valuable insights into estate planning, wills, trusts, and other legal matters that affect family legacies.