https://www.lawdepot.com/?pid=pg-KD96RD1GGF-generaltextlink When you die and you don’t have a will, your assets go to your family members. If there are divorces or problems between what would be your children and their spouses, your children might not be able to get their inheritance. The same happens with siblings and in-laws too if they have conflicts over who gets what. Having an estate plan helps protect your assets and can avoid probate by making sure everything is transferred into a legal vehicle with enough assets so that you know who owns what when you pass away. Our services enable us to help you create a legally binding document that is easy for any member of the family to read or understand, even those with little estate planning experience.
A will is a legal document on your last wishes to whom receives your assets…..specifically spells almost everything. After you complete your will, you need to set up a trust. The trust will keep the majority out of the estate, which will go through probate. Unfortunately, not everything can be placed in a trust
DIY options
Legal Works….receive 15% off
https://www.lawdepot.com/?pid=pg-KD96RD1GGF-generaltextlink
Personal Property
Car (s)
Boat
Plane
Other collectibles (artwork, rare coins, stamps, sculptures)
Furniture
Household items: i.e. candle sticks, vacuum cleaner, toilet paper (ever since Covid hit, has become a tangible item that many have fought over)
Safety Deposit Box (jewelry, secret map, etc)
Before we create the Will….let’s get into a TRUST
A trust….what does this accomplish? First and foremost, avoids probate ….kiss of death (no pun intended, since you’re now dead).
Real Estate Property
Stocks
Bonds
IRA
401K
Private investments
Cryto Currency
Notes (money you’ve loaned out and want collected)
Bank accounts (Savings and Checking)
Insurance policies
Pensions