S3E23: Estate Planning is for Everyone with Phillip Vacchio

In this episode of Buying Local, host Mike Nelson of Five Towers Media sits down with Phil Vacchio, senior elder law attorney at Herzog Law Firm. Tune in as they discuss the importance of setting up a will, power of attorney, and healthcare proxy early, how to future-proof your estate planning documents, building a career in the legal industry, and much more!

0:21 Introducing Phil Vacchio
0:48 What does Herzog Law do?
1:52 Phil’s Court Exposure
4:23 Misconceptions about Estate Planning
5:52 Expansion throughout New York & Phil’s Background
8:35 Rotating Offices
10:03 Working your Way Up from Associate
11:30 Work Ethic
15:45 Setting up a Power of Attorney & Healthcare Proxy for Young Adults
21:44 Futureproof your Documents
25:48 The Right to “Gift”
29:20 A Real Life Example about Not Having a Power of Attorney
33:10 Legal Loopholes
34:39 Advanced Planning vs Crisis Planning
36:40 Overarching Aspects of Estate Planning
39:10 What Happens to Your House with No Planning?
40:46 Preparing your Company for Disaster
44:31 A Real Life Example of Someone who has No Family
48:08 Where to Find Phil and Herzog Law?
49:21 Closing Thoughts