353 - How to Future-Proof Your Wealth: Essential Estate Planning for Every Life Stage

About this episode

Paul Adams interviews estate planning attorney Derek Wayne Jensen about the complexities and importance of estate planning across different life stages.

In this episode, Paul sits down with estate planning attorney Derek Wayne Jensen to demystify what estate planning really involves and why it's far more than drafting a simple will. Derek explains how planning evolves over a lifetime, beginning with young adults choosing beneficiaries, through major life milestones, to complex multi-generational legacy planning. They explore the biggest misconceptions, including the belief that estate planning is "one and done," and discuss why outdated beneficiary designations routinely undermine even the best plans. Derek also highlights triggers that should prompt a review: health scares, major purchases, business exits, new children or grandchildren, and significant increases in wealth. The conversation ends with practical guidance for high earners, business owners, and anyone whose documents are more than five years old. -- About Derek: Derek W. Jensen, JD, LLM, is a tax attorney and the founder of the North Seattle law firm, Jensen Estate Law, to assist individuals and their families with complex issues surrounding federal income tax, state and federal estate tax, estate law, business law, elder law and asset protection. Derek is a trusted…

People in this episode

Hosts: Paul Adams, Cory Shepherd

Guest: Derek Wayne Jensen

Topics covered

• estate planning
• wealth management
• life milestones
• beneficiary designations
• legacy planning
• financial advice

Keywords

• estate planning
• wealth
• beneficiaries
• legacy
• financial planning
• tax attorney
• life stages

Mentioned in this episode

Organizations: Jensen Estate Law

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