[adsanity_group num_ads=1 num_columns=1 group_ids=52 /]
All Posts

Estate Planning: It’s Not Over When It’s Over

More than half of all Americans have no will. Even fewer have a Living Trust.   Why? The answer is simpler than you think. Nobody wants to talk about death. That’s understandable right, but what will that cost your heirs? If your estate goes into probate it will cost between 4 – 7% of the total value of the estate. That’s between $40,000 and $70,000 for each million in the estate with no cap, which is a hefty sum and completely avoidable.

Here are some tips to keep your estate as structured and untouched by fees and taxes as possible.Estate Planning

  • Have both a living trust and a pour over will.
    • A living trust will keep you out of probate, but there are some things that you can’t put in a trust; therefore, you use a pour-over will to cover everything that’s left.
  • Review your living Trust every time you do anything financial
  • Be very careful when you choose the Trustee for your estate.
    • If you choose poorly, your assets can be tied up in   litigation and drained of all value.
  • Establish these 3 crucial documents

                       A durable power of attorney lets your agent manage your finances and legal affairs.

                       A release-of-information form gives doctors permission to share your medical records with designated representatives.

                       Advance directives. A durable power of attorney for health care

As you can see there are so many ways to protect your estate from being de-valued after your passing.   Of course, the most important piece of advice is to find quality professionals that you trust to take care of your money.

For More Great Tips Click Below To Get Our FREE Report!

audit reconsideration


Leading the industry through his innovative approach, Dino Katsiametis has over 17 years of extensive experience within mortgage, banking and real estate industries. His passion for the collective financial and investment services sector combined with his distinct insight, has catapulted Money Matters with Dino onto the forefront of financial news.

There are 0 comments

Want to express your opinion, leave a reply below!

Leave a Reply

Your email address will not be published. Required fields are marked *