The Importance of Wills and Trusts-Don't Make This Mistake: Why 70% of Americans Are Unprepared
Manage episode 505692687 series 3562788
Key Takeaways-
✔️ The Problem with Procrastination: People often spend more time worrying about making a will than it actually takes to create one.
✔️ The Government's Plan: Without a will or trust, the state decides who gets your assets and who cares for your children.
✔️ Wills vs. Trusts: A will provides the court with instructions, while a trust allows you to completely bypass the lengthy, expensive, and public probate process.
✔️ Financial Intimacy: Having a conversation about estate planning can strengthen your relationship and align you and your partner's values and wishes for the future.
After hearing about probate, does it change your mind about putting off your estate plan?
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65 episodes