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The Sugar Free Podcast is a place where Millenial women gather to exchange real-life advice through raw, honest, unfiltered (sugar free) conversations. Because let’s face it, adulting is way harder than it looks on television and we could all use a little help figuring this thing out. Each episode, show host, Sydnee Mack, explores a variety of topics that are important to Millennial women from careers, to dating, starting families (or not) , financial security and mental health. Each topic is covered through interviews with dynamic guests who are experts in their fields by way of education, scholarship, work experience and/or lived experience. Each guest offers actionable advice, tools, resources and strategies to help Millenial women create the lives that they want verses the lives that were crafted for us by our parents, haters and society. Show host, Sydnee Mack, Esq., is a Millennial lawyer, professor, entrepreneur, best-selling author and woman who uses her knowledge and experience to lead entertaining conversations with vulnerability, curiosity, compassion and humor (lots of it).
Episodes
Monday Mar 28, 2022
Monday Mar 28, 2022
Where is your money going when you die? Who takes care of the dog if you go up yonder? Who decides when it’s time to “pull the plug if you fall into a coma?” THESE ARE ALL QUESTIONS THAT WE NEED TO ANSWER BEFORE IT’S TOO LATE.
Join Syd for S2 Ep11 Making Money Moves Part III: How to Build a Comprehensive Estate Plan as she sits down with Attorney Delania Barbee, who answers all the important questions on how to best prepare yourself and your loved ones for your death or incapacity.
Delania Barbee, Esq. is the Founder and Managing Attorney of Barbee Law Boutique, PLLC where she helps entrepreneurs build and protect their businesses and legacies with solid business foundations and estate planning.
Want to work with Delania?
Follow her on Instagram: @DelaniaEsq or @BarbeeLaw
LinkedIn: https://www.linkedin.com/in/dcbarbee.
Facebook: www.facebook.com/BarbeeLawOnline
Website: www.barbeelawonline.com.
Resources: www.barbeelawonline.com/resources
**The information shared during this episode is for general education purposes only. No information shared on this show is legal advice. Speak to a lawyer if you have questions about your specific situation.
Want to connect with The Sugar Free Podcast?
Subscribe to our YouTube Channel: https://www.youtube.com/channel/UC0cHoUmESN8CF3uGZ7IyeDA
SHOW NOTES
What is an estate plan?
It is a plan that sets forth your intentions for how you wish to protect yourself, your stuff and your loved ones in the event that you die or become incapacitated.
Do I need an estate plan if I don’t own real estate?
Yes, you don’t need to own any real estate in order to have an estate plan. When it comes to estate planning, an estate consists of all money, property or other assets that a person may own in life or at the time of their death.
Does my estate have to be valued at a certain dollar amount to need an estate plan?
No, there is no minimum asset or dollar amount threshold for having an estate plan. Even if you don’t own anything, you should still have an estate plan to determine what happens to you in the event you become incapacitated.
What documents do you need to include in your estate plan for the purposes of incapacity planning?
- Healthcare Power of Attorney
- HIPAA (Health Insurance Portability and Accountability Act) Release
- Advanced Healthcare Directive (aka living will)
- General Power of Attorney
What documents do you need to include in your estate plan to dispose of your assets when you die?
Will—a written instrument that provides instructions on how to divide your assets upon your death.
Trust –a legal agreement that allows a third party, a trustee, to hold and direct assets on behalf of a beneficiary.
If I have limited resources or funds, what documents are most important for me to have drafted first?
If you can afford to at least sit down with an attorney, you should first invest in a consultation with a lawyer in your state who can provide you with state-specific advice based on your individual situation. If you can’t afford to sit down with an attorney:
- Start documenting and organizing all of your assets.
- Designate beneficiaries on all of your accounts (bank, investment, retirement…etc).
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