A last will and testament is the most commonly thought-of document when it comes to an estate plan. But really it is only a small part of an integrated plan that ensures your family stays out of court and out of conflict if and when something happens to you.
Do not think you can just write your own will and that will help your family.
You have probably seen ads from services that tout the idea that you can write your own will quickly — maybe even while you are in the security line at the airport (seriously, we have seen those ads in our own Facebook feeds).
Instead, consider the reality that trying to do so could actually create far more trouble for your loved ones down the road if you try to write your own will. Your family and loved ones need you to get professional support from someone who can help you look at what you own, who you love, and what would happen to you and everyone you love if and when something happens to you.
Facing these matters head-on leads you — and your loved ones — to having fewer headaches in the long-term. Otherwise, it is the people you love who get stuck with everything you were not willing to take care of now.
Unfortunately, if you go it alone, you may miss important facets of what happens in the event of your incapacity or death. For example, you may think that a will is sufficient when what you really need is a probate avoidance trust to keep your family out of court. A five-minute will won’t help you accomplish this goal.
Or you may think your kids are adequately provided for because you have a will, but you may really need a full Kids Protection Plan® to ensure the proper people are appointed to take care of your kids. Before you do anything, get educated and empowered to do what is right.
The right plan for you begins with knowing what you have, and then being clear on what is necessary to keep your family out of court and conflict and keep your assets out of your state’s unclaimed property fund. If you are ready to write your will, that is great — please come see us first.
The biggest mistake you can make is not facing the reality of death, the second biggest mistake is facing it alone.
If you need help getting started, call and schedule a consultation with us. We will help you through the process so you can make sure your loved ones are protected and your wishes are honored.
This article is a service of Krugler Law, LLC. We do not just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love. That's why we offer a Family Wealth Planning Session™, during which you will get more financially organized than you’ve ever been before and make all the best choices for the people you love. You can begin by calling our office today to schedule a Family Wealth Planning Session and mention this article to find out how to get this $750 session at no charge.