What are 5 Good Reasons to Estate Plan? (Video)

What are 5 Good Reasons to Estate Plan? (Video)

Hi. I’m Gary, the owner of DeWitt law. We do estate planning well. Go to DeWitt.law now to get started with a free meeting.

In no order of importance, here are 5 reasons to estate plan….

  1. Don’t lose money and time to Probate. Probate will cost at least 3% of the GROSS estate and 8 months or more of time. The gross estate is the value of an estate without subtracting out debts or mortgages.
  2. Control who gets what, when, how, and how much with a Will, beneficiary plan, or Trust. If you don’t plan, then a Judge will make the decisions following state law. You may be surprised that your spouse doesn’t get your entire estate by default. In Arkansas, they are entitled to 1/3 of what you own in your name unless you have planned for them to get it.
  3. Control who makes financial, personal, and legal decisions for you in case you are incapacitated with a durable power of attorney. You decide not only who, but how much power they have instead of a Judge deciding for you. If a Judge ends up in control, then you and your family lose out.
  4. Control who makes your healthcare decisions when you can’t instead of a Judge with a durable power of attorney for healthcare. If you don’t choose now, then when something happens your family may end up in court letting a Judge make the decisions.
  5. Protect your family and heirs from themselves, creditors, and divorce. With proper planning, your family’s inheritance is protected. Without a plan, your children get their inheritance outright, exposing it to creditors, divorce, and financial predators.

You have 2 choices – plan or don’t plan.

Without a plan, you lose control to state law and a Judge.

Go to DeWitt.law now to start your plan with a free meeting.