
The Money Maps Podcast with Xerxes
The Money Maps with Xerxes is an educational podcast hosted by experienced financial advisor Xerxes Nabong, offering practical insights on personal finance and wealth management. With nearly 20 years in the financial services industry, Xerxes breaks down complex topics like investing, life insurance and retirement planning, making them accessible to all listeners of all backgrounds. The podcast delivers timely, expert advice relevant to a wide audience—whether you’re a professional, small business owner, or retiree—empowering individuals to navigate the financial landscape and make informed decisions to secure their financial future.
The Money Maps Podcast with Xerxes
Episode 34: Estate Planning Basics
Joining me in the episode is Libby Banks with The Law Office of Libby Banks. A noted attorney, Libby focuses exclusively on estate planning, probate, and trust administration. We go over the basics of estate planning: what it is, the importance of having a durable and medical power of attorney, why one should create a will, the process and costs of probate, beneficiary designations on investment accounts and life insurance policies, when having a trust may be appropriate, guardianship and conservatorship for children, and triggers and life events as to when to update your estate plan.