Description

In Episode 96 of Building Wealthy Habits, Randy Barkley and Jeremiah & Laura Lee unpack what real estate planning looks like in today's world—beyond a stack of documents in a binder.

They talk through why the best estate plans are less about legal checklists and more about clear communication, access, and preparing the next generation for the responsibilities they're stepping into. From blended family dynamics to managing digital assets and online accounts, this episode tackles the practical issues most families don't talk about until it's too late.

If you've ever wondered whether your family would actually know what to do, where to go, or who's in charge if something happened tomorrow, this conversation is for you.

In This Episode, You'll Learn:

• Why effective estate planning is more than just signing a will or trust
• How communication can prevent confusion, conflict, and delays
• The importance of making sure everyone knows where the estate documents are
• How to think about roles and responsibilities (successor trustee, executor, POA, etc.)
• Special considerations for blended families and complex family dynamics
• Why digital assets (logins, subscriptions, crypto, photos, domains, social accounts) must be part of your plan
• How regular check-ins and family meetings can keep your plan current and clear
• When and why to bring in professional guidance to navigate tricky situations

Check Out These Key Moments:
00:00 – Estate Planning: More Than a Basic Checklist
03:06 – Why Communication Is the Real Engine of a Good Estate Plan
06:10 – Where Are the Documents? Access, Storage, and Digital Assets
09:01 – Defining Roles: Successor Trustees, Executors, and Key Responsibilities
12:04 – Blended Families, Second Marriages, and Complex Dynamics
14:57 – When to Call in the Pros: Getting Help with Complex Estate Issues

Reach out at contact@tricordadvisors.com
Connect with Jeremiah:

LinkedIn: https://www.linkedin.com/in/jeremiahjlee/
Email: Jeremiah@tricordadvisors.com

Connect with Laura:

LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/
Email: Laura@tricordadv.com

Connect with Randy:

LinkedIn: https://www.linkedin.com/in/rkbarkley/
Email: Randy@tricordadv.com

Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm.