Real Money Talks

This week we are joined by Bonnie Faucett, former estate attorney and now the founder of the Legacy App, designed to help families and business owners seamlessly organize all of their important life details and documents.We break down why most estate plans are flawed, why having a will is NOT enough, and how improper planning can cost your family dearly in terms of money, relationships, and legacy. Bonnie also reveals the pitfalls of relying on outdated methods for asset organization and how her Legacy App Family Edition offers a simple, efficient, and secure way to get everything in order.Loral's Takeaways:The Importance of Estate and Legacy Planning (01:20)Introduction of the Legacy App (03:58)Myths and Mistakes in Legacy and Estate Planning (07:05)Mistakes in Estate Planning (09:40)Challenges for Business Owners and Blended Families (12:37)Special Needs Trusts (23:58)Security and Usability of the Legacy App (26:26)Meet Bonnie Faucett:As a busy wife, mom, and business owner, I struggled endlessly to keep al