On this episode of “The Retirement Income Hour,” Mark Falter is joined by estate planning attorney Phil Anderson. Together, they discuss foundational aspects of estate planning, including the importance of wills, trusts and power of attorney documents. They break down ways to avoid probate, effectively fund a trust and protect beneficiaries from potential legal complications. Phil shares insights on strategies to prevent family conflicts and reduce unnecessary expenses with clear estate plans. Listeners also learn about key legal tools like no-contest clauses and the differences between revocable and irrevocable trusts.
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