Wealth Battle Estate Planning
Create Your Estate Plan
Don’t leave life’s most important decisions to the state.
Schedule a call. Create your estate plan.
Community Thread
5 replies
Wealth Battle posted
There are a ton of questions around Estate Planning in the USA that normally you'd have to pay a lawyer big bucks to answer.
Jason replied
What happens to my stuff when I die?
Amanda replied
What is Estate Planning?
Marcus replied
What is Probate?
Katie replied
How do wills and trusts differ?
Lori replied
What the heck is a revocable living trust?
Watch the free webinar on this page or read on. WealthBattle.com can create your estate plan.
Free Webinar
Watch the free webinar above
Learn
What estate planning actually does
Avoid
Leaving decisions to the courts
Understand
Wills, trusts, probate, and more
Start
Creating your own estate plan
Estate Planning Information
Protect Your Wishes. Avoid The Mess.
Mission 04
Why have an estate plan?
Estate planning is a way to ensure your assets are distributed according to your wishes after you die or become incapacitated and that your loved ones won't be faced with complications or conflicts.
Estates commonly include
Revocable Trust
Last Will And Testament
Financial Powers of Attorney
Healthcare Powers of Attorney
Critical Target
What is probate?
The legal procedure where assets are formally passed to beneficiaries after death.
Probate can be
Time-consuming
Delays your assets
Very expensive
Public record
Most importantly
Probate is completely avoidable.
Goal for your assets: avoid probate.
Estate Planning Information
What about wills?
Believe it or not...
You HAVE a will now!
It was drafted for you at birth by the State.
If you would like to choose what happens to your things upon death or incapacitation, and not leave it up to the state, continue on...
Your Will
A Last Will & Testament is a legal document that outlines the wishes for the administration and division of an estate after passing.
It can also serve to assign legal guardianship over minors and wishes for pets.
A Will does not avoid probate.
Assets owned in a deceased person's name with no named beneficiary are no longer accessible once the asset owner dies. A petition must be filed with the probate court to move forward. Insert delays, fees, and permission from the courts.
So how do we avoid probate and get our stuff to who we want to when we die?
Enter the TRUST.
Power of Attorney matters when you are unable to act on your own behalf.
Choose who you want to make important decisions in your life on your behalf.
Financial + Healthcare
Estate Planning Information
Revocable Living Trust
A revocable living trust is a legally binding instrument that allows a third party, or trustee, to hold assets on behalf of a beneficiary.
It is used for avoiding probate and minimizing estate taxes.
Assets owned in the name of a Trust are immediately accessible to the trust maker's designated successor.
A Trust also provides
Privacy
Creditor Protection
Special Needs Protection
Reduced Estate Taxes
Minor Children
Special Provisions
Estate Planning Information
Choose Who Can Act For You
Financial Authority
Financial Power of Attorney
Potential responsibilities:
Pay bills
Investments
Real estate
File taxes
Other financial management needs
The financial power of attorney may be compensated.
Note: Your agent acting under a power of attorney has no control over decisions involving assets owned by your trust. The trustee manages trust assets.
Healthcare Authority
Healthcare Power of Attorney
Responsible for making healthcare decisions for you if you become unable to do so yourself. State laws vary regarding the specific allowances for a healthcare power of attorney.
Generally, they can agree to, refuse, or withdraw treatment on your behalf.
Communicate your wishes clearly to this trusted person and consider including details about your medical wishes in your final letter of instruction.
Key idea
Choose someone before the emergency chooses for you.
Wealth Battle Estate Planning
Create Your Estate Plan
Ready to take control of your estate?
Avoid probate
Prevent delays
Keep your privacy
Don’t pay unnecessary fees
Choose who gets what from your estate
Schedule a call. Create your estate plan.
Let's design your personalized bulletproof policy!
Opportunity Funds are crucial to financial resilience. Without a reserve to draw upon, you are vulnerable to the next wave of chaos brought in by life.
unsure of your numbers?
Overhaul your budget before opening the Bulletproof Bank and maximize your financial strategy.
Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn't, pays it.
~ Attributed to Albert Einstein