Should You Add Your Child to the Title of Your House? (Video)
If I add my child’s name to the title of my house, wouldn’t that be the easiest way to avoid probate and transfer it quickly after I die? The short answer: NO! Here’s the scoop When you put your child’s name on the deed to your house, you are making a gift to them. You’re […]
Estate Planning Process – Video
The estate planning process, as we see it, is a system of 9 steps. Why a system? A system is a repeatable set of steps that maximizes the benefits of the results. Systems are built and monitored to minimize errors and maximize benefits. The 9 Step Estate Planning Process Step 1 – Take Action It […]
Estate Planning Costs – Video
Estate planning costs can be looked at in two ways… First, what is the cost of creating an estate plan? Second, what is the cost of NOT creating an estate plan? First, let’s examine the cost of NOT creating an estate plan. The Estate Planning Costs of NOT Planning If you don’t create your own […]
Definition Estate Planning – Video
One definition of estate planning is the documents required to protect your family, yourself, and your money for your lifetime and beyond. You can also define estate planning as the process. It is the process you go through to come up with the documents to protect your family, yourself, and your hard-earned money. One process, […]
Define Estate Plan – Video
Define estate plan as a set of legal documents that individuals create which helps decide how to distribute their assets and property in the event of their death. It also deals with dealing with incapacity during a person’s lifetime. An estate plan includes wills, trusts, powers of attorney, living wills, and other documents that are […]
Wills and Estate Planning – Video
The process of creating wills and estate planning is complex and it is advisable to seek professional advice. Wills can be used to distribute your assets, name guardians for any children, nominate an executor to carry out your wishes, and decide who gets what, when, how, and how much. What is Wills and Estate Planning […]
What’s the Difference Between Estate Planning and Drafting a Will? (Video)
What’s the Difference Between Estate Planning and Drafting a Will? Many people think that an estate plan is a Will and vice versa. But nothing could be further from the truth. Drafting a Will is an important piece of estate planning, but is only one piece, and in my opinion not the most important part […]
The 7 Step Estate Plan (Video)
An estate planning system makes sure your plan do what you expect it to do, not what you think it does. If you search on the internet for how to create an estate plan or the steps to estate planning, you’ll find that the articles talk about creating the documents. This is literally putting the […]
Simple Will is a Mythical Document (Video)
A Simple Will is a Myth Despite what people think, there is no such thing as a simple Will. Whatever isn’t a simple Will as it is written is included in the State law. Hi. I’m Gary, the owner of DeWitt Law. Take your first easy step now at DeWitt dot law. A Will is […]
Who Decides Who Gets My Stuff? (Video)
Who decides who gets my stuff? If you pass without a Will or other planning in place, the State has decided who gets what, when, how, and how much! The Judge in charge of Probate will use those rules to make the Judge’s rulings. Here is the State’s rules in a nutshell: Most people assume […]