Monday, May 22, 2017

5 Reasons to Plan Starting Today

Because You Deserve the Peace of Mind

I know it is an overused cliche, but almost everybody that goes through the Estate Planning process says either “peace of mind,” “that’s a load off, ” “I can rest easier”, or something along those lines.

Estate Planning leads to peace of mind for a myriad of reasons.  I think the number one reason is because everybody knows they need to plan ahead and knows they need to minimize hassles and headaches for their family.

Proper Planning Prevent Probate

Proper Planning Prevents Probate.  Probate is a term that strikes fear in the heart of most.  That is probably because people know that it involves lawyers and judges as well as being mired down in the legal system for a year or more.

With proper planning including, but not limited to, a Last Will and Testament, Beneficiary Deeds, POD, TOD, and Revocable Living Trusts, you can avoid Probate altogether.

Probate is a public process (more on that in a minute).

Protect Your Children

Proper Planning Protects Children from themselves, creditors, and financial predators.  Using a Revocable Living Trust, you can protect children from spending the money on useless stuff.  You can stop creditors from taking all of the money.  You can make sure you children with addictions have a place to stay, but not money to feed the addiction.

Your children with special needs will be thankful they have a pot of money to supplement their benefits.

Maintain Your Privacy

Probate is Public.  Guardianships are Public.

Both are public proceedings in court.  Both have the records available for public view.

People can easily find out how much you are worth, who is getting it, and who is taking care of you.

Protect You and Your Assets Starting Now

Proper Planning Protects You and Your Family!

The combination of Durable Powers of Attorney, Healthcare Powers of Attorney, and a Revocable Living Trust makes sure that your assets are managed as you wish.  But, if you don’t have them, you don’t get the benefits.

 

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