TREEL Partner Kim Fiero returned to the Talking Retirement podcast with Ken Connolly to shine a light on some of the most common myths and costly misconceptions about estate planning and elder law.
In this insightful and candid conversation, Kim draws on her decades of experience to explain why basic documents such as a will, power of attorney and advance medical directive are essential for every adult, not just seniors. She emphasizes how failing to plan often leads to crisis-mode decision-making, expensive court proceedings and family conflict.
Listeners will learn:
- Why 18-year-olds need a power of attorney and advance medical directive
- What happens when you die without a will
- Why estate plans aren’t “set it and forget it” documents
- How trusts are useful tools, though not always necessary
- The risks of naming only one executor or not updating documents
- How recent court rulings on 55+ housing may affect estate planning
Kim also highlights the importance of tailoring estate plans to the individual, whether you’re a healthy 85-year-old with significant assets or a single parent with minor children. She offers practical advice on how families can start conversations and work with an experienced estate law attorney to plan wisely for the future.
“Without a plan, things can become really messy for the people you care about… because they’re the ones left scrambling,” Kim says to Ken. “The burden is on you to make sure your wishes are clear, and that your loved ones aren’t left in crisis.”
Watch or listen now to hear Kim’s thoughtful guidance — and a few entertaining real-life examples — delivered with her trademark clarity and warmth. Thank you to Ken Connolly for the opportunity to help demystify this important topic for your audience.
Previously on the Talking Retirement podcast: Kim Fiero Discusses How New Laws Could Impact Senior Services and Estate Planning on the Talking Retirement Podcast
