Planning For the Unexpected with Nikki Semanchik

This week I sat down with estate planning attorney, Nikki
Semanchik to discuss what estate planning documents are a must
and who should have them.


Nikki is the Founding Attorney of Semanchik Law Group (SLG), a
business, nonprofit and estate planning firm located in San
Diego. Nikki started SLG because she wanted to create a modern
law firm that felt accessible to clients. As an entrepreneur
herself, Nikki has a real passion for helping other business
owners realize their dreams. Nikki truly believes that a huge
part of her job as a business attorney is teaching, motivating
and inspiring her clients to dream big.


Nikki is also passionate about helping families protect their
assets and plan for their futures through estate planning. As a
parent herself, Nikki understands how having a proper estate plan
in place can give you peace of mind knowing that your children
are taken care of it the unthinkable happens.


HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:


Why you should care about estate planning & the reasons
people avoid it

Why the amount money you have doesn't matter when it comes to
this kind of planning

What it means to have an estate plan in place and who it's
actually for

The items that should be included in your trust and why they
should be in there

The differenced between wills and trusts

Mary Beth’s favorite aspect of having a trust

The document you need to have if you can’t make your own
medical decisions

Understanding why your trustee might not be the best person
to execute your health care directive

Why everyone over 18 years old should have a HIPAA document

The purpose of having a Pour-Over Will

How to handle determining and designating guardians for your
children

The importance of informing those you designate in your
estate planning documents

When and why you would need a durable power of attorney

When to work with an attorney vs. creating your documents
online

How frequently you should be reviewing and updating your
documents



LINKS WE MENTIONED ON THE SHOW:


Profit First by Mike Michalowicz

The Case for Millennials to Have a Plan

My Estate is Not in Order