You might not realize it, but you have already made plans to manage your estate and take care of your family when you die or become disabled.
You have probably used joint ownership or even a will. Or, maybe you haven't done anything at all. Its not unusual.
Each of these traditional planning methods (and doing nothing is very traditional) have different consequences. It is our experience that most people don't realize what this can mean until it is too late.
For example, did you know:
A Will does not avoid probate court.
Using the probate court to settle an estate can take from 5% to 15% of its value.
Court files are public record and anyone can have access to your file.
You and your property can be placed under the control of the court before you die.
You may not be able to sell jointly owned property without approval from the court.
The court could control your child's inheritance.
Your life insurance may not be able to help your family when they need it.
A living trust does not avoid taxes.
A living trust does not protect your assets from creditors.