What’s the Point of Estate Planning if I Don’t Have Much of an Estate?

It’s easy to assume estate planning is only for people with significant wealth, but that can overlook some of the most important reasons to have a plan in the first place. Today, Nick explains why estate planning is also about protecting yourself during incapacity and making sure the people you care about are looked after. Estate planning isn’t just about what you own, it’s about what happens when you can no longer make those decisions yourself

Here’s some of what we discuss in this episode:

🧠 Beyond Money: Plan for incapacity too

💰 True Net Worth: Count assets beyond cash

📋 Estate Administration: Choose who handles everything

👨‍👩‍👧 Minor Children: Name trusted future guardians

🧭 Next Steps: Start with your priorities

Go Inside the Episode:

0:00 – Intro

0:38 – Why Estate Planning Matters

1:40 – A Note to Young Families

3:08 – Beyond Inheritance and Money

5:19 – Calculating True Net Worth