The Most Expensive Words in Estate Planning | Jorge C. Jorge

"Let me think about it" may be the most expensive sentence in estate planning. Planning in a crisis costs multiples of planning ahead. In this episode, Jorge C. Jorge, a Miami based financial professional who works in retirement and estate planning, joins host Niki Weiss to talk about the treasure hunt families face when a plan was never shared, why professional knowledge does not guarantee personal preparedness, and how to bring the people who will inherit your plan into the room before they need it. CHAPTERS 0:00 When a life insurance policy creates an estate 1:12 Meet Jorge C. Jorge 2:07 Learning a former colleague had died from a social media post 4:13 The treasure hunt, and the policy the family did not know existed 5:43 Why the family would not have known what to ask 7:17 Why a trust is not just for the wealthy 7:47 Blended families and why a will may not be enough 8:51 Working in finance does not mean your own plan is done 10:38 Let me think about it, and the business card in the shirt pocket 12:18 When money arrives and everyone has an idea for it 13:41 Business buy sell agreements with no funding behind them 15:00 When the person who plans for others will not plan for himself 16:27 When there is no plan, someone else decides 17:18 Power of attorney, guardianship, and where they fall short 18:29 Why planning in a crisis costs multiples 19:38 When not dying costs more than dying 21:12 Beneficiaries, contingents, and minor children 23:46 When your own family does not want to have the conversation 25:24 An 80 percent plan beats no plan 26:40 The will that was signed, not notarized, and torn up 28:42 Bring the beneficiaries into the meeting 29:54 Is taboo an excuse 31:25 From paper to digital: fire, flood, and lost logins 32:26 Why paper still feels more daunting 33:32 Have someone review what you already have 34:20 Take your loved one to the mechanic 35:14 Transfer of knowledge brings peace of mind WHAT YOU WILL LEARN - Why a life insurance payout can create an estate that needs its own planning - What happens when the primary beneficiary dies first and the contingents are minors - Why a business buy sell agreement needs funding behind it to work - Why power of attorney alone may not be enough when incapacity arrives - How to bring family into the planning conversation so knowledge transfers before it is needed Live fully, die ready. Start your plan and take the free assessment: https://finalplaybook.com/main-page LISTEN TO THE PODCAST Apple Podcasts: https://podcasts.apple.com/us/podcast/death-and-dying-in-the-digital-age/id1775499012 Spotify: https://open.spotify.com/show/2MQkOgvyPQnLEz1fO9BHkY Subscribe: @DigitalLegacyPodcast FOLLOW US Instagram: https://www.instagram.com/endevo_digitallegacy/ TikTok: https://www.tiktok.com/@endevo_digitallegacy Facebook: https://www.facebook.com/endevo.digitallegacy Download the My Final Playbook app: Apple App Store: https://apps.apple.com/us/app/my-final-playbook/id6791298756 Google Play: https://play.google.com/store/apps/details?id=endevo.life.finalplaybook #deathanddyinginthedigitalage #ENDevo #digitallegacy #myfinalplaybook Disclaimer: This channel is for educational purposes only and does not provide medical, legal, or financial advice. Views expressed by the host and guests are their own. Always consult qualified professionals before making decisions. The channel is not responsible for actions taken based on its content. Re-uploads or ANY use of our content is prohibited.