Episode 33-The Importance of Estate Planning for Long Term Wealth w/ Art Steele + How To Get Started

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Passing down generational wealth is extremely important. The best way to make sure that wealth is passed down for generations to come is through proper estate planning. Art Steele, Estate Planner and the podcaster behind The Legalese for Entrepreneurs Podcast, has an incredible story about how she came to choose her career and the epiphany that caused her to realize the significance of creating generational wealth within the black community.

In this episode, we talk about:

Understanding the racial wealth gap
Why personal behavior cannot close the racial wealth gap
The significance of estate planning in the black community (and all communities)
How considering the “value of your life” helps with planning your estate
What having an estate plan involves
The legal documents required to make decisions for end of life care
The roles of a financial planner and an estate planner
The importance of leaving behind a will
How proper estate planning can benefit generations beyond your children
The significance of a trust with inheritance for children
How hiring an attorney for estate planning can save you money in the long run

I'm listening to Episode 33 of the #journeytolaunch podcast, The Importance of Estate Planning for Long Term Wealth w/ @artsteele_esq + How To Get Started https://www.journeytolaunch.com/episode33/ via @journeytolaunch Click To Tweet Personal behavior alone cannot close the racial wealth gap. -@artsteele_esq Click To Tweet Passing wealth down is decreasing our dependency on the things that hurt us for generation after generation like student loans. -@artsteele_esq Click To Tweet Even with medium to low income, it is even more important for you to pass down money to future generations. Click To Tweet

Other related blog posts/links mentioned in this episode:

The article about the racial wealth gap
Art’s Free Estate Planning Workbook
Art’s Email Legal-Ease Course
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Hey! I'm Jamila!

I want to teach you what I’ve learned through a little trial and error and a lot of discipline over the years. My goal is to help you eliminate debt, save more money and increase your net worth.