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Make Sure Your Estate Goes to the People You Love!

Published Tuesday, July 29, 2008 by bloggerblognet83460 | E-mail this post

If you do not have an estate plan-or if your estate plan consists of a basic will-you may not be adequately protecting your family against probate and estate taxes. Without proper planning, your family could lose a large portion of your estate to probate fees and estate taxes, even if you have a will.

If fact, Here's What a Respected Seniors' Organization Reports: In a recent review of the American probate system, it was reported that consumers spend $2 billion on probate-related expenses each year! The study condemns the probate system as "costly, slow, and outmoded... a sad state of affairs."

In addition, of the $2 billion spent annually on probate, more than $1.5 billion goes to probate attorneys fees! You see, many probate attorneys use simple wills as a "loss leader." They write wills cheaply to attract clients because they'll make the bigger fees on the probate of the estate later.

Setting up a Proper Estate Plan with a Living Trust Is One of the Most Important Things You Can Do for Yourself and for Your Family During Your Lifetime.

An Estate Plan with a Living Trust will transfer your estate to your loved ones more quickly upon your death-and proper planning could save your heirs many thousands of dollars in probate court fees, probate attorney fees and taxes. Plus, if you have a Living Trust and you become incapacitated or unable to sign legal documents at some point in your lifetime, a person you specify will run your estate as you've prescribed (without a Living Trust, the court may assign a guardian to run your estate as the court sees fit).

Probate is Expensive and Time-Consuming

Probate is not a pleasant experience, and your family could lose a significant portion of your estate. With a Living Trust, you will make it possible for your family to avoid probate and related costs, delays and inconvenience. You've worked hard to build up your assets... make sure they pass onto your family-not probate attorneys and the government. If you have assets worth more than $200,000 or you own your own home- A "will" just isn't enough anymore. This, of course, is the primary reason people like yourself choose to set up a Living Trust Estate Plan.

I hope this information is beneficial to you. If you are interested in other financial based educational products and services, please feel free to visit my website.

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