10 May, 2024
In this video we’ll cover:
☑ What is probate?
☑ Who is exposed to probate?
☑ How do we avoid probate?
☑ What’s so good about a Living Trust?
Mistake #2: Thinking All Living Trusts Are the Same
In this video we’ll cover:
☑ Why not all living trusts avoid probate.
☑ Why to stay away from DIY Trusts.
☑ The critical weakness of Trusts from Credit Unions & Financial Planners.
☑ Special attention needed for IRA’s & 401k’s.
Mistake #3: Failing to Plan for Disability
In this video we’ll cover:
☑ Who’s in charge of your assets if you cannot manage them on your own?
☑ What is a Successor Trustee?
☑ Medical Power of Attorney & HIPAA Authorization
☑ Durable General (financial) Power of Attorney
Mistake #4: Failing to Protect Beneficiaries from Themselves
In this video we’ll cover how to set up your Living Trust to protect:
☑ Young beneficiaries
☑ Beneficiaries with addictions
☑ Beneficiaries who are not good at handling money
☑ Disabled beneficiaries
Mistake #5: Failing to Protect Beneficiaries from 3rd Parties
In this video we’ll cover how to protect your beneficiaries from:
☑ Ex-spouses of your children
☑ Creditors
☑ Lawsuits
Mistake #6: Failing to Keep your Trust up to Date
In this video we’ll cover some of the most common life changes that need to be updated in your Trust, including:
☑ Changing your decision makers (such as your successor trustees)
☑ Adding or Removing beneficiaries (such as grandkids)
☑ Changes in Arizona State Laws (such as tax laws)
Mistake #7: Procrastination
When it comes to estate planning, it seems there’s always a reason to put it off to another day, but eventually the day comes when it’s too late. If all you did was watch these videos and then did nothing about it, it wouldn’t really do you any good. It’s one of the most important things you can do both for your peace of mind and that of the people you love most.
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