Protect Your Legacy: Estate Planning Essentials | Episode 20

This week on Wealth Wisdom, we’re diving into one of the most important—but often delayed—parts of financial planning: estate planning.

Many people assume estate planning is only for the ultra-wealthy, but the truth is, it’s essential for anyone who wants to protect their family, make their wishes known, and avoid unnecessary complications if something unexpected happens.

The conversation was sparked by a simple but powerful question: What happens to the kids if something happens to us? From there, we explore the emotional and practical sides of getting your affairs in order.

In this episode, we cover:
✈️ The “wake-up call” moment that made us realize we needed a plan
👨‍👩‍👧 How to thoughtfully choose a guardian for your children
📜 Wills, trusts, healthcare proxies, and power of attorney—what they are and why they matter
💰 How much life insurance you actually need (and how to determine the right amount)
🔁 Why your estate plan should be reviewed every few years—not just once
⚠️ What happens if you don’t have a plan in place—and the mess it can leave behind

If you’ve been putting this off, this episode will give you the clarity and motivation to finally take action. Estate planning isn’t just a financial decision—it’s a powerful way to care for the people you love most.

Timestamps:

00:00 The Trigger for Estate Planning

00:49 Flying with Kids: A Parent's Anxiety

01:20 First Solo Trip: Realizations and Concerns

02:56 The Importance of Having a Will

04:32 Basics of Estate Planning

15:06 Guardianship Decisions

18:18 Trusts and Their Importance

22:45 Incentives and Investments

23:36 Life Insurance Needs

24:15 Rising Costs of Education

25:26 Public vs. Private Schools

27:35 Determining Life Insurance Coverage

28:01 Types of Life Insurance

33:16 Shopping for Insurance

36:33 Estate Planning Essentials

37:58 Final Thoughts and Next Episode Preview

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Wealth Wisdom aims to give you the insights and tools to navigate financial trends with confidence. Through conversations like these, we strive to make complex financial topics more accessible and actionable for everyone.

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DISCLAIMER: This content is for educational and informational purposes only and should not be construed as investment, tax, or legal advice. Past performance of the market is not a guarantee of future results. Always consult with a financial professional before making investment decisions.

About Fox Hill Wealth Management

At Fox Hill Wealth Management, we believe wealth is about more than just money—it’s about financial freedom, confidence, and security. As a fee-only, fiduciary Registered Investment Advisor (RIA), we provide unbiased, expert financial guidance with your best interests at heart.

We specialize in:
✅ Active Investment Management – Helping you grow and protect your wealth
✅ Comprehensive Financial Planning – A roadmap for your short- and long-term goals
✅ Tax Strategy & Estate Planning – Keeping more of what you earn while securing your legacy

We help individuals and families take control of their finances so they can live life on their terms. If you’re looking for a financial partner who prioritizes your success, we’d love to connect! https://foxhillwealth.com

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