Estate planning is a crucial aspect of financial planning that often goes overlooked or ignored. Regardless of your financial situation, it's important to put plans in place to make sure that your assets are transferred according to your wishes. This is because everyone has some form of an estate plan, whether they realize it or not.
In this episode, Raphael shares his personal story of becoming an estate lawyer and his passion for helping people solve inevitable problems such as death, taxes, and marriage breakdowns. As a Canadian born in Ghana, Raphael brings a unique perspective to estate planning, understanding how different ideas of wealth, family, and the passing on of wealth can influence the process.
Raphael also emphasizes that estate planning is not just for high-net-worth individuals. He shares the importance of having a will and trust, even for those with modest assets. Raphael also discusses the role of a lawyer in the estate planning process, including providing strategic legal advice and navigating the complexities of tax laws and regulations.
In this episode, you will learn the following:
The importance of estate planning, even for individuals with modest assets
The benefits of estate planning, including protecting your assets
Strategies for navigating the complexities of tax laws and regulations in estate planning.
Join us as we dive into the world of estate planning with Raphael Tachie and learn how you can take steps to protect your assets.
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Learn more about getting started with investing for financial fulfillment at https://www.liannehannaway.com/masterclass.
Music By @freebeats.io
EP 014: Estate Planning is Not Just for Rich People with Raphael Tachie