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Widow Life and Money

Widow Life and Money

De : Daniel Kopp
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 Welcome to Widow Life and Money, where Certified Financial Planner and Financial Therapist, Daniel Kopp, discusses the intersection of widowhood, faith, and finances. His passion is helping younger widows gain clarity and confidence in their financial lives. Want even more resources and information on how to make better financial decisions along your grief journey? Go to www.wisestewardshipfp.com where you'll find many helpful topics designed for widows. While there, you can also schedule a free, no obligation consultation with Daniel. This podcast is for informational purposes only and should not be used as the basis for legal, tax, or investing advice. Daniel Kopp is the founder of Wise Stewardship Financial Planning, LLC, a Registered Investment Advisory firm in the State of Florida. Opinions and information expressed are as of the date of recording and are subject to change.2022 Christianisme Développement personnel Ministère et évangélisme Réussite personnelle Spiritualité
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    Épisodes
    • Estate Planning Basics: Protecting Your Loved Ones and Honoring Your Wishes

      Estate Planning Basics: Protecting Your Loved Ones and Honoring Your Wishes
      Jan 21 2026
      In this episode of the Widow Life and Money Podcast, I walk you through the fundamentals of estate planning: what it is, why it matters, and how it can bring greater peace of mind in the midst of grief. Estate planning can feel intimidating, confusing, or like something only "wealthy" people need, but my goal is to simplify the language and help you understand the key decisions so you can protect your loved ones and honor your wishes. I start by defining estate planning as a way to care for the people you love and carry out your intentions, both while you're alive and after you're gone. From there, I unpack the two core purposes of a solid estate plan: Giving – deciding who will receive your assets and how those assets will be distributed. Protecting – naming the people who can step in to make financial and healthcare decisions for you if you're unable to do so. We then walk through the five major decisions that form the backbone of most estate plans: 1. Beneficiaries– who you want to inherit your assets (children, family, friends, charities) and how to think about "how much is enough" before giving beyond your inner circle. 2. Method of distribution – how and when beneficiaries, especially minor or young adult children, receive money. I discuss why many people choose to use age-based or life-event milestones, and how a trust can be used to provide for education, healthcare, and support while still protecting principal. 3. Successor trustee, executor, and financial power of attorney– the people you choose to handle your finances if you become incapacitated and to settle your estate after your death. I share what to look for in these roles, why you may want different people for different responsibilities, and when a professional trustee might make sense. 4. Healthcare power of attorney and medical directives – how to name someone to make medical decisions on your behalf and how to spell out your own wishes through a living will or healthcare directive, including end-of-life preferences and specific treatments. 5. Guardianship for minor children – how to think through who would raise your children if you were no longer here, why this is especially crucial for widows who are now solo parents, and how tools like a non-binding letter of intent or recorded message can give added guidance and comfort to future guardians. From there, I share a practical estate planning checklist to help you start putting all the pieces together: Taking inventory of your tangible assets (home, vehicles, real estate, personal belongings, heirlooms, collectibles) and understanding how your will will govern their distribution. Listing your intangible assets (bank accounts, investment accounts, retirement plans, business interests, life insurance) and why beneficiary designations on retirement and insurance accounts *override* what your will says if they don't match. Getting a rough sense of your total estate value, when federal or state estate tax issues might come into play, and why most households fall well below the federal estate tax threshold but may still need to be mindful of state-specific rules. Considering whether life insurance is still necessary in your situation as a widow, depending on the resources your family would need if something happened to you. I also dive into the different types of powers of attorney and trusts: The role of a durable financial power of attorney in allowing a trusted person to manage your finances if you become incapacitated. When a limited power of attorney might be used for specific, narrow purposes. How a revocable living trust works, how it differs from an irrevocable trust, and the potential benefits of avoiding probate, maintaining privacy, and creating structure around how and when beneficiaries receive funds. We round out the episode by talking about: Final arrangements – documenting your wishes around burial, cremation, and related details. Storing your documents – why it's important to keep original, signed copies in a safe but reasonably accessible place, and to ensure key people know where to find them. Regular review – why your estate plan shouldn't be a "set it and forget it" project, and how life changes (moving states, remarriage, divorce, birth of a child, death of a loved one, or changes in the lives of your named agents) are all signals to revisit your documents. Throughout the episode, I acknowledge how hard it can be to sit with questions about death, loss, and "what if" scenarios, especially when you're already walking a grief journey. But I've seen over and over how getting an estate plan in place can meaningfully lower anxiety for widows and give them a stronger sense of control in an uncontrollable season. I also share how we walk alongside clients in this process at Wise Stewardship Financial Planning, including ...
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      24 min
    • Turning Pain into Purpose: Jennifer Carazo's Journey from Gold Star Spouse to Advocate

      Turning Pain into Purpose: Jennifer Carazo's Journey from Gold Star Spouse to Advocate
      Jan 14 2026

      In this profound episode of the Widow Life and Money Podcast, join me, Daniel Kopp, as I have a heartfelt conversation with Jennifer Carazo. Jennifer opens up about her life-changing journey from being a Gold Star spouse following the tragic loss of her husband, Mario "Sugar Bear," to becoming a source of empowerment for other military families through the Sugar Bear Foundation.

      Jennifer shares the emotional tale of her early experiences with military life, the deep bond she formed with Mario, and the challenges and resilience that came with his multiple deployments. She gives us a poignant look into the sharp reality of life after losing her husband and how her faith and the support of her community became her strongholds.

      In her story, Jennifer reveals how she transformed her grief into impactful action by founding the Sugar Bear Foundation. With a focus on education, empowerment, and comprehensive support for Gold Star families, she explains how the foundation is making a tangible difference in the lives of military widows, spouses, and their children by offering unique programs aimed at alleviating financial and emotional burdens.

      Listeners will be inspired by Jennifer's story of resilience and the legacy of love and service she continues to honor through her work. If you're navigating a similar path or seeking ways to support military families, this episode offers a wealth of wisdom and encouragement.
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      39 min
    • From Tragedy to Triumph: Taryn Davis' Journey of Resilience and Community

      From Tragedy to Triumph: Taryn Davis' Journey of Resilience and Community
      Jan 6 2026

      Join me, Daniel Kopp, on this powerful episode of the Widow Life and Money Podcast, as I welcome Taryn Davis, a remarkable individual who transformed personal tragedy into a source of community and hope. Taryn opens her heart to share the intimate journey of love, loss, and the creation of the American Widow Project.

      Discover how Taryn took the lessons from her abrupt loss when her high school sweetheart and husband, Michael, was killed in action, and channeled them into a mission to support young widows like herself. With humor, honesty, and raw emotion, Taryn recounts her experiences of grief, the challenges of societal and personal expectations, and the turning points that led her to forge a path of resilience and healing.

      In this episode, Taryn also delves into how financial resources such as SGLI and the death gratuity provided her the space to heal and build something meaningful. Her journey underscores the powerful idea of choosing growth and community over despair, and the special bond shared among those who've experienced profound loss.

      Taryn's story reminds us that while the grief never fully disappears, life can grow beautifully around it. For anyone walking a similar path or wanting to support those who are, Taryn's story offers a beacon of hope and a testament to the enduring power of community and purpose.

      Affiliated Links Mentioned During the Podcast:

      Organizations/Clubs/Programs

      • Modern Widows Club

      • American Widow Project (AWP)

      • Gold Star Wives of America

      • TAPS (Tragedy Assistance Program)

      • Patriot Guard Riders (Motorcycle riders that escort service members who have passed on)

      Books/Authors

        • The Promise of Pain, C.S. Lewis

      Thank you for tuning in to this heartfelt and enlightening episode. We hope it provides comfort and encouragement. Remember, you don't have to walk this journey alone. Reach out through our platforms or leave a review to share your thoughts and experiences. Your feedback is invaluable to us.
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      48 min
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