Why prepare an
Estate Plan?
Although there are different motivations for completing an Will, Trust or other Estate Planning documents, the core motivation is to make things easier on the ones we love.
Two Primary Goals of Estate Planning:
Pass on your assets OUTSIDE of probate
Empower your loved ones to take care of you while living
Good Estate Planning makes things easier when Life get harder.
Why is Probate Bad?
At its core, probate is a legal process to remove a deceased person’s name from assets. While an effective process, even simple probate cases can have significant drawbacks.
Money: Attorney Fees of $3,000 or more
Time: 6+ Months before funds are distributed
Public: all probates are public records
Litigation Risks: whether it is unforeseen interference from a third-party, unnecessary supervision or any number of other risks inherent to any lawsuit, complications can arise in a probate costing more time and money
By avoiding probate, you can save your loved ones time, money and peace of mind.