Legally Speaking The Podcast with Tom Torr
Attorney Thomas Torr is a founding partner of Cocheco Elder Law Associates, PLLC, and a native of the New Hampshire seacoast area. His practice is dedicated to helping his clients enhance and preserve their wealth, protect their loved ones and legacies, and manage their affairs during times of crisis. Tom’s priority is building strong, long-lasting relationships with his clients to help them achieve their personal, professional, and estate goals. Start protecting your family and legacy today!
Legally Speaking The Podcast with Tom Torr
Estate Planning Essentials: 6 Critical Mistakes to Avoid
In this episode of "Legally Speaking," attorney Tom Torr dives into the often-overlooked but crucial aspects of estate planning. He outlines six major mistakes to avoid to ensure that your estate plan is effective and comprehensive. Whether you are young and healthy or nearing retirement, Tom emphasizes the importance of having a well-communicated plan in place. Key points include setting up powers of attorney, the necessity of communicating your plan to loved ones, avoiding direct asset transfers to minors, and the importance of keeping your estate plan updated as life changes. Tom also discusses the implications of blended families, community property, and the need for properly funded trusts. Tune in to learn how to protect your legacy and ensure your family's future is secure.