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FINAL THINGS: Pre-Planning
Manage episode 423006704 series 3389611
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In this episode, host Ric Shields and guest Mike Shipman discuss the importance of pre-planning for end-of-life matters. Shields emphasizes the need for individuals to prepare themselves and their families for their eventual passing, and the importance of discussing final arrangements. Shipman, a certified senior advisor, aftercare administrator, and benefits professional, shares his expertise on the topic, discussing the importance of advance planning, the differences between wills and trusts, and the potential financial savings for heirs and beneficiaries. They also discuss the importance of designating beneficiaries for life insurance policies and the potential complications that can arise if this is not done. The podcast ends with a reminder of the importance of spiritual preparation for the end of life.
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