Michelle Moore discussing protecting what matters
Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-michelle-moore-founder-and-retirement-specialist-with-moore-family-wealth-discussing-protecting-what-matters/
Michelle’s background as an occupational therapist, coupled with her personal experiences, has given her a profound understanding of the complexities and emotional toll that can arise when one’s wishes are not clearly documented. She highlighted the necessity of having advanced directives, trusts, and wills in place to avoid the potential mess and financial strain on those left behind.
Also discussed the misconceptions surrounding estate planning and the importance of setting up a trust to avoid the significant reduction in estate value due to legal fees and court costs. Michelle introduced the concept of Indexed Universal Life (IUL) policies, which can serve as a versatile financial tool for both young families and retirees, offering tax-free growth and protection against critical illnesses.
The Importance of Legacy Planning
Planning for the future involves more than just financial arrangements; it encompasses the emotional and ethical responsibilities to have toward our families. Moore emphasizes that life insurance can be viewed as “love assurance,” a way to provide for those people cherish even when they’re no longer present. This perspective shifts the conversation from one of fear and avoidance—often associated with discussions about death and dying—to one of love and responsibility. By addressing these matters proactively, they can ensure that our loved ones are not left with confusion and heartache in our absence.
One of the critical components of effective planning is the establishment of advanced directives. These documents articulate our wishes regarding healthcare and financial decisions in the event that they are unable to communicate them ourselves. Moore notes the devastating impact that uncertainty can have on families when they are left to guess what a loved one would have wanted. The emotional toll of such situations can lead to conflict and resentment among family members, further complicating an already painful experience. By putting our wishes in writing, they provide clarity and guidance, allowing our families to navigate difficult decisions with confidence and love.
The Financial Implications of Poor Planning
Beyond the emotional aspects, there are significant financial implications tied to inadequate planning. Moore points out that failing to establish a comprehensive estate plan can result in a substantial reduction of an estate’s value—often by as much as 30%—due to legal fees and court costs. This reality underscores the importance of setting up trusts rather than relying solely on wills. A will merely designates who receives what; it does not facilitate access or streamline the distribution process. The probate process can be lengthy, costly, and emotionally draining for those left behind. By investing time and resources into proper planning, people can alleviate this burden and ensure that our loved ones receive the full benefit of our hard work and assets.
In conclusion, the message from the podcast episode is clear: planning ahead is an act of love. It is about ensuring that our families are protected, our legacies are honored, and our wishes are respected. By engaging in meaningful discussions about advance directives, estate planning, and insurance, they can take control of their futures and provide our loved ones with the gift of clarity and security. As people navigate the complexities of life, let us remember that the most responsible and loving thing they can do is to plan ahead, creating a lasting impact that resonates far beyond our time on this earth.
Michelle shared: “Most of us go through life and we have people, oftentimes our children or our spouses, who are very dear to us. And we don’t necessarily want to think about what happens if we’re not here, but the most responsible, loving, kind thing we can do is to take care of those things while we still are able.”
About Michelle Moore
Michelle Moore is a licensed Health and Life Insurance Agent, educator, and former Occupational Therapist with over two decades of experience helping others thrive. After facing personal loss and financial uncertainty, she discovered the power of annuities, life insurance, estate planning, and real estate syndications to create lasting income and generational wealth.
Now, as the founder of Moore Family Wealth, Michelle empowers professionals, especially women, teachers, and caregivers, to protect what matters most and build financial security with clarity and confidence. She brings the heart of a teacher to every conversation, explaining complex concepts in simple, honest terms and creating personalized strategies for retirement, protection, and legacy.
Michelle’s mission is to help her clients retire not with fear, but with freedom knowing their money, their family, and their future are in capable, caring hands.
Learn more: https://www.moorefamilywealth.com/
The content of this podcast is for informational and educational purposes only and does not constitute financial, legal, or tax advice. Michelle Moore is a licensed life and health insurance agent. Listening to or interacting with this podcast does not create an agent-client relationship. Any opinions shared are those of the host and guests and do not necessarily reflect the views of any affiliated organizations or companies. In accordance with Federal Trade Commission (FTC) guidelines, the host discloses any financial relationships or sponsorships with companies or carriers mentioned during the podcast. Listeners are encouraged to consult a qualified financial or insurance professional for personalized guidance. Arizona Department of Insurance and Financial Institutions (DIFI) requires licensed producers to comply with all advertising and disclosure standards. This podcast is intended to comply with those requirements and is for general educational purposes only.
