Are you one of the 70% of Americans without an end-of-life plan? If you don't have a plan in place, the state of California has one for you - and it's not ideal. In this episode of Love, Death & Money, Attorney Naz Barouti shares the importance of creating an end-of-life plan to avoid the costly and time-consuming probate process. He explains how a revocable trust can help you maintain control over your assets and ensure your family doesn't have to go through the hassle of probate.

Attorney Naz Barouti emphasizes that having an end-of-life plan is crucial, especially for baby boomers who have accumulated wealth over the years. He shares the story of a couple who held everything jointly, thinking they didn't need a plan, but ended up facing probate issues when one of them passed away. He also discusses the importance of asset protection, highlighting the need for individuals to have multiple lines of defense in case of a lawsuit.

The episode also delves into the world of long-term care insurance, where Tina Barouti, founder of New Capital Insurance Solutions, shares her expertise on how to plan for the unexpected. She explains the importance of having a long-term care plan in place, especially for women who tend to outlive their spouses and may not have anyone to care for them.

If you're concerned about the future of your loved ones and want to ensure they're protected, tune in to this episode to learn more about the importance of end-of-life planning and asset protection. Don't wait until it's too late - create a plan that works for you and your family.