ESTATE PLAN

Wealth Battle Estate Planning

Design Your Estate Plan

Don’t leave life’s most important decisions to the state.

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Estate Planning

Protect Your Wishes. Avoid The Mess.

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

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.

WILLS

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.

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

AUTHORITY

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.

ESTATE PLAN

Wealth Battle Estate Planning

Design 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

Plan Your Estate

Schedule a call. Let's design your estate plan together.

QUESTIONS

Community Thread

5 replies

WB

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.

J

Jason replied

What happens to my stuff when I die?

A

Amanda replied

What is Estate Planning?

M

Marcus replied

What is Probate?

K

Katie replied

How do wills and trusts differ?

L

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.

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