It all starts with a proper plan! the 2 plans available (for your estate) ARE your own plan (a proper estate plan), or the govt plan (probate!)
What happens when you die with a will?
If you have a will, your estate will still have to go through probate, a legal process where the court ensures your assets are distributed according to your wishes. Probate can take several months to over a year, depending on the complexity of your estate and the typical cost is 3-10% of the estate value!
Meaning……less of your hard-earned money will pass to your chosen loved ones! Don’t let this happen to them!
Steps in the Probate Process:
Filing the will: Your executor (the person named in your will) submits it to the probate court.
Validating the will: The court reviews the will to ensure it’s legally binding.
Notifying beneficiaries & creditors: The executor must notify all interested parties, including heirs and creditors.
Paying debts & taxes: Any outstanding debts, including final taxes, must be paid before distributing assets.
Distributing the estate: After all obligations are settled, remaining assets are distributed according to your Will.
This process can be time-consuming and costly, as probate fees, legal costs, and court expenses reduce the overall estate value.
What happens to assets when you die with a will:
Even though a will ensures your assets go to the right people, it does not avoid probate. Here’s what happens to different types of assets:
Probate assets: Property solely in your name (real estate, bank accounts, investments) must go through probate.
Non-Probate Assets: Jointly owned property, retirement accounts with designated beneficiaries, and life insurance policies pass directly to the named beneficiaries.
Since probate can take time, beneficiaries might not receive their inheritance immediately. Court supervision also means your estate details become public record, meaning all beneficiaries are named publicly and potentially even worse is “identity theft AFTER death”! (Cyber criminals have access to ALL public records!) Keep your estate details PRIVATE by utilizing our service!
When is the right time to “plan”?
How about before it’s needed the most?
The US legal system is expensive, but protecting your family shouldn't be. Many people don't have an estate plan because they can't justify many hours of attorney fees OR they think that an estate plan is only for the richest of the rich! NOT true! If you own a home and have ANY other assets AT ALL, you have an estate! An estate that is worth passing EVERY penny to your loved ones! Without the headaches associated with probate!
We believe everyone should have access to affordable, attorney drafted solutions to protect their family and give them peace of mind. The law is complex, our software makes it easy AND it’s way more affordable than you can imagine!
Our partnership with FamilyLegacyDocs.com allows us to help our clients avoid probate and no family should be without a properly executed estate plan.
To learn how this fits directly into our overall solution to saving you money, click here!
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