Introduction

Everyone has an estate plan, whether intentional or by default. If you think you have no plan, because you have not made out a will or a trust, you still have a plan—it is simply one that is dictated by the laws of the state where you reside at your death. People who die without wills or trusts are said to die intestate. State law provides the rules of distribution that must be followed when a person dies intestate. In most cases intestate estates must be probated, which involves a court proceeding, and in many cases state law may require a distribution that you would not want. It is a very good idea to avoid intestacy by having a will or a “living trust” that is designed for your particular needs. In most cases a revocable “living” trust is better than a will.

In this website, we will discuss subjects that most of us would rather avoid: death, disability, and taxes. Many do not give much thought to the realization of their own death; yet it will happen. Estate planning forces us to face the financial consequences and take action to minimize the emotional effects on our families.

What you will learn:

• Why a Will Can’t Avoid Probate
• How to Avoid Probate
• The Myth and Reality of Living Trusts
• How to Avoid a Guardianship
• How to Protect and Control Your Estate
• How Much Will Uncle Sam Get
• How to Transfer Millions Tax Free
• The Termination of Life Support
• Comprehensive Estate Planning
• The Dangers of Joint Tenancy