Episode 1319: The Weekly Wrap 11.23.24

Winning at Life with Gregory Ricks: The Weekly Wrap

Gregory Ricks and Wes Blanchard discusses the importance of estate planning, emphasizing the need for wills and powers of attorney. They highlight the risks of holographic wills, which can often be challenged in court. Wes shared insights from a seminar at Loyola Law School, noting that most estate litigation cases involve handwritten wills. They stressed the benefits of having a professional handle estate planning to avoid delays and costs. Gregory encourages listeners to plan their estates to ensure smooth transitions and avoid family disputes. They also discuss the importance of having a relationship with an experienced attorney for efficient and cost-effective estate administration.
Gregory Ricks discusses the importance of financial planning, emphasizing the need for ongoing relationships with financial advisors. He outlines the five core pillars of financial planning: income, investment, tax, healthcare, and estate planning. Gregory highlights the value of coaching and continuous learning, mentioning his own investment in coaches and conferences. He addresses the misconception that financial advisors are too expensive, arguing that their value far outweighs their fees. Gregory also covers the taxation of Social Security benefits and the importance of understanding combined income for tax purposes. He concludes by encouraging listeners to plan for their retirement and emphasizes the role of financial advisors in guiding clients through market volatility and making informed decisions.
KEY TOPICS:
Estate Planning, Thanksgiving Episode, Financial News, Power Of Attorney, Holographic Wills, Independent Administrator, Executor Role, Succession Process, Family Disputes, Financial Advisor, Will Updates, Legal Fees, Asset Inventory, Court Litigation, Financial Security, Income Planning, Investment Planning, Tax Planning, Healthcare Planning, Estate Planning, Financial Advisor, Relationship Building, Ongoing Process, Financial Coaching, Retirement Planning, Social Security, Tax Strategies, Market Volatility, Financial Risks, Dementia Planning
For LIVE financial news talk radio, tune into "Winning at Life with Gregory Ricks" LIVE on Saturday Mornings on:
WRNO-News Talk 99.5 FM New Orleans - 10 am - 1 pm
WBUV-News Talk 104.9 FM Biloxi - 10 am - 1 pm
OR
For financial news talk ON DEMAND, tune into the Ask Gregory Podcast for more financial topics that may interest you! Visit: https://gregoryricks.com/podcast/