In this episode Mark broadcasts one last time from Crested Butte, Colorado, before embarking on a two-month journey to Bali, Singapore, Australia, and New Zealand. This episode focuses on essential aspects of estate planning, such as the importance of wills, powers of attorney, healthcare directives and possibly a trust.  Mark shares personal experiences, including updating his estate plan after significant life events, and offers valuable insights into managing estates and guardianship. Real-life examples highlight the severe consequences of inadequate estate planning.  Additionally, Mark answers a listener question regarding calculating savings rates. Episode Links: Mark’s Money Mind YouTube Channel Love, Loss, and Money: The Shocking Financial Aftermath of a FI Spouse’s Death | Amy (ChooseFI Episode 476) Timestamps: 00:24 Upcoming Adventures and Recording Plans 01:14 Estate Planning: An Overview 01:35 The Importance of Updating Your Estate Plan 04:12 Components of an Estate Plan 04:49 Living Trusts vs. Simple Wills 10:39 The Role of a Durable Power of Attorney 12:33 Healthcare Documents in Estate Planning 15:34 Beneficiary Designations and Their Importance 17:30 Heart-Wrenching Real-Life Stories 21:10 Costs of Estate Planning 22:47 Steps to Start Your Estate Plan 24:19 Listener Question: Saving Percentages 27:14 How to Calculate Your Savings Rate