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The 5 Legal Documents That Everyone Needs

Finishing Well / Hans Scheil
The Truth Network Radio
July 30, 2022 8:30 am

The 5 Legal Documents That Everyone Needs

Finishing Well / Hans Scheil

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July 30, 2022 8:30 am

Hans and Robby are back again this week with a brand new episode! The topic this week is about 5 legal documents that everyone will need. Hans and Robby will go over each document, and why they are important.

Don’t forget to get your copy of “The Complete Cardinal Guide to Planning for and Living in Retirement” on Amazon or on CardinalGuide.com for free!

You can contact Hans and Cardinal by emailing hans@cardinalguide.com or calling 919-535-8261. Learn more at CardinalGuide.com.  Find us on YouTube: Cardinal Advisors.

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This is Truth Network welcome to finishing well brought to you by Cardinal God, certified financial planner belonged Shiloh best-selling author and financial planner helping families finish well for over 40 years of finishing well will examine both biblical and practical knowledge to assist families in finishing well, including discussions on managing Medicare IRA long-term care life insurance and investments and taxes. Now let's get started with finishing well, finishing well is a general discussion and education issues facing retirees.com partner with drivers. I'm sure I'll see if Pete insurance this show does not offer investment products or investment advice welcome to finishing well and certified financial planner Honshu Island today show very fun. The five legal documents that everyone needs and so when my daughter is now in her 30s tells me when she does stuff like his legal documents. She says that I been exulting all day. I'm worn out so you know, the idea of the Bible gives us a lot of help when it comes to adultery or setting up things like this and one of the wonderful stories in my opinion is in the book of Esther. That explains how legal stuff works right because we need a kinsman redeemer. In other words to Jesus hadn't set up our salvation at a time right and paid right look like the ultimate power of attorney for what what it is that we could do to live eternally. I mean we would be in a bad, bad way. However, you know, in the book of Ruth we see how Naomi was aware that she had no essentially a power of attorney in spite of the fact that her husband died both her sons had died, but she knew how the laws worked, and as a result, no engaged Bo as you know, through Ruth to see how how her inheritance would eventually work and how she would leave this legacy for all of us right Naomi did by using her legal documents literally to make sure that she was in the line of Jesus as we are through this kind of of making sure that we have our stuff in order and so without Hans we got to get our stuff in order.

We do five legal document that I have video video and radio show right after I completed my own and my wife is a couple literally 10 legal document five on each of completed budget to the adult thing. Some of it has to do with that effort. Grand while hereinafter last Christmas I gave both my kids. We have an attorney who works with us here in the office work in North Carolina, South Carolina, you live in engaging her here in North Carolina.

Wonderful. And then I got another service that I used in 22 states and then for the rest of the states I got another thing you so we can help you anywhere but what I did is I gave my son, my oldest son is married and I commend you. You got little boy. It's time to do some adult thing I guess is you so I gave him I paid her to do all the five documents for them and then at the same time I said you know what Ron and I we need to update these for us our years old.

Her youngest was just a baby when we did these for the last time all of our money would've been thrown into a testamentary trust till he reached 30 guineas is 24 now minute both of us were gone and is very responsible and there's no need for that testamentary trust so that a lot of other things.

I'm almost 65 powers of attorney take on a whole different importance as you get older and you really look at the fact that somebody's going to have to be acting on your behalf at some point in your life is really good feeling when I got this done and this is really is the course you got you help me get mine done. When I turn 65 and we updated you know well than in men updated in a long time and and and the other the documents will talk about but then now again with my dad.

We got done right before he became incapacitated or whatever. And so it was critical that we had him and I am mistaken a little bit all too well why you know this is really some adult thing that needs to take place for everybody at every age, right through what the five documents are that I think everyone needs number one general power of attorney and that is you know is pretty simple when you're married, my power of attorney and run a power of attorney as me and even if we didn't have these pretty much like the spouse and the spouse is still good to have but it is not much on the power of attorney. The general power of attorney we put down first treatment on second order single we put down for which we put our oldest son and brothers gone and I'm incapacitated that he is a power of attorney and then we put down second or youngest. They have the authority they don't have that authority lies runs around they have the authority to do do business on my buy and sell property make investment buy and sell my business get loan lending. Try give money away by insurance claim on insurance volatile about law you needed


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