EP 56 Legacy Law Your Guide to Estate Planning - Ashley Harmon Pt. 2

Ashley Harmon, an estate and power of attorney lawyer at Hogarth Hermiston Severs LLP, continues her insightful discussion with Ben. Ashley's experience navigating the complexities of trusts and estate planning brings a wealth of knowledge—covering both the successes and pitfalls she’s encountered in her practice. 

In this deep dive, she explores common estate planning issues, including: 

• The biggest mistake people make in estate planning. 

• Financial indicators that suggest that it’s time to set up a trust. 

• Different types of trusts. 

• How certain trusts can help bypass probate, maintain privacy, or expedite asset transfers to beneficiaries. 

• The potential fee structures associated with trusts. 

• Strategies for second marriages—ensuring assets pass to children while providing for a spouse. 

• The role of pre-nuptial agreements in estate planning. 

• Essential information for those named as a Power of Attorney (POA). 

• Joint finances and bank accounts—their pros, cons, and relevance in estate planning. 

This discussion is packed with valuable insights, resources, and practical advice for anyone looking to build a solid estate plan. Don't miss this opportunity to empower yourself with knowledge!