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Attorney-CPA Joe Cordell and co-host Susan Arthur talk about the forms and paperwork that often can be involved in the long-term planning process. As the years go by, it is important to have a plan in place, and Joe talks about the costs that go into the estate planning process and how saving money in the planning process does not always translate into your wishes being executed after you die.

Joe discusses how the amount of money you have factors into the decision-making involved in estate and long-term planning, as well as how an experienced elder law attorney will be the one completing all of the necessary tasks to create a comprehensive and complete will or trust.

Joe also talks about how important the customization aspect of the planning process is. When you go online for a form, you may not be getting all of the customization you may require, and Joe explains why it is important to invest in the extra aspects of your long-term plan.

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Attorney-CPA Joe Cordell highlights those who are not quite at the age of needing the services of any type of estate and elder plans, but why it still is important to do so. He talks about the importance of knowing the government rules and how your age interacts with the regulations regarding elder law and estate planning.

He talks about how the start of the process can lead to disagreements among otherwise peaceful families, regarding who gets what in terms of assets and responsibilities. Joe also breaks down the necessity of having a health care proxy, such as a health care Power of Attorney. He explains how vital it is to make your wishes regarding the simplest aspects of your future known.

Joe also breaks down the rules and regulations that kick into effect after you die. He explains why probate is a necessary part of the process and how many look to trusts to avoid wills and probate.

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Attorney-CPA Joe Cordell and co-host Susan Arthur break down the mistakes that notable individuals have made in their estate plans. For example, former Supreme Court Justice Warren Burger did his own estate planning and left out provisions that ended up costing his loved ones. Doris Duke was not discerning in her choice of executor and trustee when she was estate planning, costing the charities that she wanted to help significant amounts of money.

Florence Griffith Joyner did not inform her family where her estate documents were located, making it so her probate took four years to close. Michael Jackson never fully funded his trust, leading to public fights, probate courts and more.

Joe and Susan highlight how important it is to have a lawyer that understands estate law and avoid the mistakes that others have made. Additionally, Joe highlights how trusts can reduce the challenges and risks that many who utilize wills may come across.[/vc_column_text][/vc_column][/vc_row]