Estate Plan Deep Dive: Your Will
The Savvy Parent Podcast
Estate Plan Deep Dive: Your Will
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An estate plan includes a number of important documents, and on the podcast, we’re taking a deep dive into these important elements. On the first episode of this series, we’re taking a deeper look at the first critical piece: your will. Shannon McNulty, NY Lawyer shares what parents need to understand about their wills. Though this document can feel stressful to create, there is peace of mind once it’s done, and if you unfortunately pass without one, then your loved ones may not be taken care of in the way you’d like.

What and Who Do You Need to Consider?

Shannon fills us in on what to include your will and the important people involved including who is the executor (the person who will oversee carrying out your wishes), who you designate as beneficiaries, and the extremely important task of choosing guardians for your kids (we’ll dig into this one more in an upcoming episode). 

The nitty gritty details of your will

Shannon helps listeners understand the many details associated with wills including how you need to finalize the will with signatures, where you keep the original copy, and what the steps are when someone does pass. Though costs will vary in each situation and from state to state, she also helps us understand the initial investment that parents will need to make with this critical piece of their estate plan.

Resources mentioned

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Learn more about McNulty Law

About the Author

Shannon McNulty

Shannon McNulty is the founder of The Savvy Parents Group and founder of The Village Law Firm, which provides legal planning for parents with young children. Shannon received her J.D. from Georgetown University Law Center and her LL.M. in Taxation from NYU School of Law. She has also earned her CERTIFIED FINANCIAL PLANNER(TM) designation. You can learn more about Shannon and her firm at www.thevillagelawfirm.com.