In Part 2 of our estate planning series, Steward Wealth’s James Weir continues the conversation with John Collins, principal of Black Pearl Private Clients, diving deeper into the complexities that can undermine even well-intentioned plans.
They explore critical issues such as the role and importance of powers of attorney, the risks of using DIY wills, and the serious consequences of dying intestate. John shares why delaying estate planning decisions can significantly reduce control over how wealth is passed down, and how simple oversights—such as incorrect legal terminology—can dramatically alter the intended outcomes for beneficiaries.
This practical discussion highlights why high-net-worth families and their advisers need to engage experienced estate planning specialists to ensure their legacy is preserved across generations.