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Money Meets Medicine Podcast

MMM #46: We Are in a Pandemic; Do You Have Your Financial House in Order?

There are so many unexpected things going on in the world right now. In the midst of all the uncertainty, it’s important to have some financially stability. Today we’re talking all about estate planning. While we’re in the middle of chaos it’s time to get your financial house in order.

What You’ll Learn:

In today’s episode of Money Meets Medicine, “We Are in a Pandemic, Do you Have Your Financial House in Order?,” you’re going to learn…

  • All about why you need an estate plan.
  • How to develop an estate plan.
  • What to do if you want to donate to charity.
  • How to make sure your kids are going to be okay!
  • And more!

Quotes To Remember 

“Estate planning is still extremely important, because if you’ve got other things like kids, that’s worth way more than any amount of money you’re ever going to make tenfold.”

“You might want somebody to have guardianship over your children, but you might not want that person to manage your finances. It doesn’t have to be the same person, which is interesting.”

“A will, at its most simple form is just a legal document that states your financial and your medical wishes. It’s going to ensure that that property that you have or personal effects or your medical status, it’s basically all cared for in a matter of your choosing.”

“A trust is an enforceable document that you’re crafting while you’re alive, that can, one, it can help reduce estate taxes, which we talked about is likely not the case, but it could plan for the care of your children.”

This Episode’s Sponsor

Shopping for disability insurance is complicated enough. Wondering if you are getting the best prices and discounts can make the process even more overwhelming. This is where Pattern can help!  Recently, Principal Financial announced that their unisex discount is being eliminated at the end of 2020. This means the best pricing for most female physicians will disappear December 31st. Female doctors need to request their free quotes today to potentially save 50% or more. You can be confident you have the right policy at the best price possible when you request your disability insurance quotes with Pattern at thephysicianphilosopher.com/PatternInsurance 

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TPP

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