Estate Planning for Generational W.E.A.L.T.H.

EVERYBODY has an estate!  It's not just for the rich.  If you care about your assets and if you really love your family, create an estate plan with a trust -- not just a will. 

Wills must go through probate, which is very expensive.  What does that mean?  This means if you leave your house to someone in your will, the will has to go through probate court, the fees have to be paid from your estate or from your heirs, someone can contest the will, and the home could be granted to someone else through the probate process!  With a will, you can lose control of who gets what!  In addition, any money that you left to your heirs could be used to pay for the probate expenses, which could end up being tens of thousands, hundreds of thousands, or even millions of dollars.   

On the other hand, trusts offer more protection and assurances.  You can control your revocable trust, bypass the probate process, and make sure your hard earned money and assets will get to the people you intend without probate, fights and confusion.  With a trust, you can control who, how, and when assets are distributed to your beneficiaries and no one can contest those choices.  For example, you can say, “Beneficiary A will only receive Asset X upon turning the age of 30.”  or "Beneficiary A will receive a monthly allowance until they turn ___ age."  This prevents your heirs from wasting your hard earned money. 

 

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