Buying Local Podcast · Episode 23 · May 6, 2025 · 49 min
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