Why You Should Never Buy Your Will From Living Social or Groupon… Christine’s Family Wealth Secrets

Hello:

The weather is awesome, finally cooling down. I hope to get out and walk to begin, in earnest, training for my 60 mile walk in November. I still have time to train but have been remiss in getting in more training this summer.  I was inspired in reading a story about a man in his 80s, from Sacramento, who walked the equivalent of the circumference of the earth. He gained many health benefits, lost weight and became more mobile. He’s a great example and I plan to get in gear and hopefully walk every day. My dogs will be happy and I will be healthier.

If you think you need an estate plan, come see us. We make it easy, and give you the time necessary to create a comprehensive plan, you know…the one that meets your specific needs, not a cookie cutter, generic plan that you get at cut rate. There is a time and place for groupon, but creating a meaningful estate plan that will work for your family falls far out of the realm of the discount shopping.  Do yourself and your family a favor, and plan with an expert who will guide and help you navigate the complexities of the legal and tax consequences of planning.

Until next time,

Christine

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Why You Should Never Buy Your Will From Living Social or Groupon

Of the handful of major life events that require your serious consideration, few are as emotionally charged as how to leave your assets for loved ones at the time of your death. This often complex process is accomplished via testamentary documents such as wills and trusts, which have recently become available for purchase online as standard forms.

The assets you have acquired during your life and the ways that you own them are often far more complex than a standard legal document or online service can anticipate.  When you make that all important decision to create a will or put your assets into a trust, you need an experienced estate planning attorney to guide you so that your wishes for life and death can be carried out without risk of your family getting stuck in court or conflict, when it’s too late.

Your incapacity or death will be an emotional time for your family. During this time, they need guidance, not a set of documents, which may not have even been kept up to date or adequately cover after-acquired assets.

In certain cases such as being married multiple times, having minor children, or owning a small business, legal assistance is especially necessary.

There may also be a variety different tax or asset protection implications for your inheritors. The right lawyer can advise you on the best way to handle the different assets you own such as real estate, investments, a small business, or personal property.

Is a trust right for your situation? Is there a way to transfer an asset before you pass, so that it will be protected from claims, creditors or taxation? Groupon can’t help you with that.

You may save money initially if you have a simple, small estate with few assets by just using a form that you find online. However, if you become incapacitated before death, your family could get stuck with a long drawn out court process, as they attempt to get control of your financial assets. And, if your document is unclear, contestable, or wholly or partially invalid, it’s your family who will be paying the price down the road.
Speak with us about creating an estate plan that protects you and your loved ones.

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