108 | Q&A: How Do I Do Estate Planning On A Budget? What About Trusts? Do I Need A Lawyer? Can I DIY it Myself? Can I Avoid Taxes?

Financial Coaching for Women: How To Budget, Manage Money, Pay Off Debt, Save Money, Paycheck Plans · Jul 5, 2023 · 11m

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We're back for another Q&A episode all about estate planning and the desire to avoid probate and taxes.

Key Points:

Thinking about this is great b/c you're forward thinking and preparing for the future.

Estate planning helps you avoiding burdening your children or loved ones with complex legal procedures.

Lawyers are necessary in some cases, while others can be handled with DIY resources.

Probate is the legal process that occurs after someone's death, involving asset distribution.

Waiting for probate to resolve can take months to years and may incur…