Doug and Amberly are back to discuss the pros and cons of different types of financial security, such as wills, trusts, and life insurance.

They also talk about why whole life insurance isn't for everyone and explore some unusual scenarios.

Wills vs. trusts

Benefits of wills and trusts
Choosing a trustee
Potential scenarios in case of a divorce

Life insurance

Doug's story on whole life insurance
Who can make medical decisions on your behalf
Accelerated death benefits

Connect with Amberly Grant!

AmberlyGrant.com
FinTalks
Instagram
Amberly on Facebook

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**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won't even make such a claim. You shouldn't take the info as financial, legal, or tax advice. We aren't certified financial planners or advisors. We're not qualified for much. So get advice from professionals.**
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Email us here: doug@milehighfi.com or carl@milehighfi.com

0:00 - Intro

6:20 - Amberly's trust fund story

8:32 - Wills vs. Trusts - which is better?

10:24 - How to choose a trustee

14:04 - Benefits of a Trust

15:25 - Doug's situation

16:13 - What could happen to your money when you die

21:09 - Funding your Trust

22:28 - Life Insurance

24:50 - Is Whole Life Insurance worth it?

39:38 - Accelerated death benefits

41:21 - Trusting someone with your life

46:16 - Financial coaching and mentorship with Amberly