Feb. 28, 2022

108 | Estate Attorney Emily Spector | TRUST Us, You WILL Love This Show About Wills, Trusts, & More!

Show Summary:

Ben Franklin once said that in this world, nothing is certain but death and taxes.  We will discuss taxes on a later show, but we are talking about death today.  

Why?  Because no one likes to talk about it, most people are woefully underprepared for what will happen to their family and assets when they die.  Are you one of those people?  The odds are that you may be, as nearly 60% of Americans do not have an estate plan

Today, on episode 108 of the Fat & Broke Podcast, we welcome Attorney Emily Spector to the show to discuss all things Wills & Trusts! 

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Topics Discussed:

  • Asset Protection
  • Incapacity
  • Guardianship
  • Wills
  • Trusts
  • Probate
  • Beneficiaries
  • Taxes
  • Estate Tax
  • Power of Attorney
  • Health Care Proxy
  • Living Will

Action Items:

  • Assign beneficiaries to all of your accounts, especially financial accounts. 
  • Have a will drafted.  Something is better than nothing.
  • If you have assets, you probably can benefit from a trust to avoid probate.
  • If you have children, you want to make sure you have assigned guardianship legally.
  • Planning in case you are incapacitated will make sure your wishes are honored and it takes away decision-making from your family.
  • Contact an estate planning attorney to help guide you with what you need for your particular situation. 
  • Find an attorney that you actually like and fits your personality.
  • Review your estate plan every three to five years.


Thanks for listening!

Emily SpectorProfile Photo

Emily Spector


Emily is an attorney who concentrates her practice in the areas of estate planning and estate administration. Emily aims to use her skills and experience to make the future a little clearer, and a little more manageable for her clients.

Emily received her J.D. in 2009 from New England Law, where she attended school at night, while also working full time, and her B.A. from American University. She has been practicing exclusively in Trusts and Estates since graduating from law school.