Personal Finance

1. Estate Planning
   1. Wills and Trusts
      1. Types of Wills
         1. Simple Will
         2. Testamentary Will
         3. Joint Will
         4. Living Will
      2. Trust Setup and Management
         1. Revocable Trust
         2. Irrevocable Trust
         3. Special Needs Trust
         4. Spendthrift Trust
         5. Charitable Trust
      3. Differences Between Wills and Trusts
      4. Benefits of Having a Will or Trust
      5. Updating Wills and Trusts
         1. Life Events that Necessitate Updates
         2. Regular Review Schedule
   2. Estate Taxes
      1. Understanding Estate Taxes
         1. Federal Estate Tax
         2. State Estate Taxes
      2. Estate Tax Exemptions and Limits
         1. Annual Adjustments and Limits
      3. Strategies to Minimize Estate Taxes
         1. Gifting Strategies
         2. Use of Trusts for Tax Reduction
         3. Valuation Freezes
   3. Power of Attorney
      1. Types of Power of Attorney
         1. General Power of Attorney
         2. Durable Power of Attorney
         3. Limited Power of Attorney
         4. Springing Power of Attorney
      2. Selecting a Power of Attorney
         1. Qualities to Look For
         2. Roles and Responsibilities
      3. Validity and Revocation
         1. How to Revoke a Power of Attorney
         2. Legal Requirements and Notarization
   4. Healthcare Directives
      1. Advance Medical Directives
         1. Living Will for Health Care
         2. Do Not Resuscitate (DNR) Orders
      2. Durable Power of Attorney for Healthcare
      3. Benefits of Having Healthcare Directives
      4. Legal Considerations and Documentation
   5. Beneficiary Designations
      1. Importance of Beneficiary Designations
      2. Types of Accounts with Beneficiary Options
         1. Retirement Accounts
         2. Life Insurance Policies
         3. Bank and Brokerage Accounts
      3. Updating and Reviewing Beneficiary Designations
         1. Life Events Triggering Changes
      4. Avoiding Beneficiary Mistakes
         1. Naming Minors as Beneficiaries
         2. Contingent Beneficiaries
   6. Probate Process
      1. Overview of the Probate Process
      2. Avoiding Probate
         1. Transfer on Death Designations
         2. Joint Ownership Structures
      3. Executor's Role
         1. Responsibilities and Duties
         2. Choosing an Executor
   7. Family and Estate Planning
      1. Communicating Estate Plans with Family
      2. Planning for Family Businesses
      3. Protecting Family Heirlooms
   8. Digital Estate Planning
      1. Managing Digital Assets
         1. Online Accounts and Passwords
         2. Social Media Accounts
      2. Legal and Privacy Considerations
   9. Ethical Considerations in Estate Planning
      1. Addressing Family Dynamics
      2. Equitable Distribution vs. Equal Distribution
      3. Addressing Charitable Intentions