Description

Estate planning isn’t just for the wealthy — it’s for anyone who wants to protect their family, business, and assets. In this episode of Millennial Money Matters, Derek Mazzarella sits down with Aaron Frankel of Franklin & Frankel to simplify what most people get wrong about estate planning and explain how to make smart legal decisions before it’s too late.

We cover:

• The essential estate planning documents everyone needs: will, trust, power of attorney, and healthcare proxy

• How to choose the right executor and guardian for your children

• What probate really is — and why you shouldn’t fear it

• The difference between revocable and irrevocable trusts

• Why every business owner needs an LLC and operating agreement

• When to update your estate plan and how often to review it

• The dangers of outdated beneficiaries on retirement accounts and life insurance

• How to protect your home and assets from long-term care costs

• Common mistakes that tear families apart after a death

• Why open communication about money and inheritance is the best legacy you can leave

Whether you’re a millennial just starting a family, a homeowner, or a business owner, this episode breaks down estate planning in plain English so you can protect your wealth and your loved ones with confidence.

Reach out to Kelly Turner at kturner@totalmortgage.com and Derek Mazzarella at dmazzarella@mygfpartner.com

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