However, if you don’t have the proper know-how of estate planning, then you may end yourself with a different outcome.
Don’t worry! By the end of the quiz, you’ll have the right direction to find out what’s best for you to secure your loved ones.
Good to know that you are already conscious of the importance. Let’s continue to learn more, shall we?
The main risk you run without an estate plan is that the court isn’t aware of your family’s relations.
The court will run a process named probate to decide who’ll inherit your property after your death, as per the state laws.
There are several risks that proceed with it :
Isn’t it better with an estate plan?
However, if you don’t have the proper know-how of estate planning, then you may end yourself with a different outcome.
Don’t worry! By the end of the quiz, you’ll have the right direction to find out what’s best for you to secure your loved ones.
However, the court doesn't know your family and your relations.
Thus, you may face many drawbacks:
It's better with everything stated already!
When a person dies without an estate plan, the probate court becomes responsible for distributing the estate among some of the family members or relatives who are beneficiaries as per the state laws.
The government only takes over their assets when there is no possible beneficiary left, otherwise, it is allocated but it is not sure to who. Since the court is unaware of your family relations, your estate can end up even in the hands of people you do not want to.
And the court assigns a guardian for your children. It can also be a person you don’t find appropriate.
It's better with everything stated already!
But they are known to be associated with the extremely wealthy. That’s because attorney services to create them have been ridiculously expensive. But everyone can benefit from trusts despite their financial condition.
With TrulyWill, our mission is to help people use the amazing benefits that trusts provide at an affordable cost. You may consider a trust if you’d like to:
A will is simpler to make but it has less to offer than a trust.
One can choose either a trust or will depending upon your needs.
You may consider a trust if you’d like to:
We’re here to help you navigate this.
Will is a legal document stating how a person wants their estate to be administered after their death.
It is a relationship that gives a person (trustee) a right to hold the property of another person (trustor) for the advantage of a third party (beneficiary).
It doesn't avoid the probate process.
It helps to avoid the probate process.
It comes into effect only at the death of the testator (one who writes a will)
It comes into effect as soon as the assets are transferred into it.
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It guards your wishes legally in case you’re not there anymore or become incapacitated.
You get to decide what’s best for you and your family in such a situation.
Now it only take 20 MINUTES and starting from ONLY $149 to create an estate plan.
Yup that’s for real!
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