Alright, folks, let me tell you—nobody knows estate planning better than me, okay? I’m busting some myths here, so you can win with the best estate plan! Let’s get into it—here’s the truth, straight from the top!
Myth 1: I’ve Got a Will, So I’m Done
People say, “I’ve got a will, I’m set forever! Maybe not. If it’s been a while since you made thatwill—could be years, folks—it’s time to check it out, believe me. Life changes fast—new kids, grandkids, a new spouse—maybe you adopted someone fantastic or got married? Or maybe someone you named passed away—sad, but it happens—and now you’ve got a new VIP to give your money and properties to. Huge stuff!
And listen—maybe you’ve changed your mind about how your loved ones get their inheritance. You’ve made more money—tons more, I bet—or your beneficiaries need extra protection now. With all that CASH and PROTECTION on the line, it’s time to step up to a revocable living trust! Your wishes get done, no court mess, no probate nonsense—probate’s a disaster, sometimes costs a fortune, be time-consuming, not to mention the public access. A trust? Smooth, fast, private—total winner!
Myth 2: A Revocable Living Trust Does It
Okay, revocable living trusts—they’re fantastic, I love ‘em! You’re incapacitated or gone? No court steps in—your money and properties are managed like a champ. But don’t kid yourself—it’s not the whole deal. You need more—trust me, I’ve seen it all! You also need to consider your personal documents.
First, a financial power of attorney—huge! Some stuff, like retirement accounts, can’t be owned by your trust—shocking, right? So you name someone sharp to handle those accounts if you can’t. They can even call HR, grab your mail, manage your digital stuff—total control, beautifully done!
Then there is a medical power of attorney—critical! Pick someone you trust— best person—to make your medical decisions if you can’t speak up. Only this document does that, not your trust—don’t get fooled! Also, add a living will—some call it an advance directive, very classy—lays out your end-of-life wishes, crystal clear. And a HIPAA form? Gotta have it—lets your people get your health info, no red tape. Smart moves, folks!
Got a kid? You need a guardian nomination—put it in your will and a standalone doc. It’s your voice—judge gets the final say, sure, but you’re in the game! Bonus: a separate nomination works if you’re just out of commission, not just at the end. And if your state’s got it, a delegation of parental powers—amazing tool! Let someone step in for your kid in emergencies— like if you’re traveling or stuck somewhere. Keeps your kid safe, cared for—priceless! Plus, updating these little docs? Way easier than rewriting a will or trust when your kid grows up—genius!
Question 1: What Can Mess With My Estate Plan?
So many things, folks—life’s wild! Check these out:
-New baby, or someone passes—big changes!
-You tie the knot, or divorce—yours or a loved one’s!
-Move to a new state—huge deal!
-Land a fat inheritance—beautiful!
-Get a big promotion—making waves!
-Retirement account explodes—ka-ching!
-Got more stuff now, and you’re eyeing that estate tax exemption limit—better watch it!
All these? They can shake things up—your plan’s gotta keep up!
Question 2: How Often Should I Check My Estate Plan?
Here’s the deal—pull out those docs every one to three years. Look at the basics—who’s running the show, who’s getting what, how much, how they get it. Simple, right? If you’re scratching your head or want changes, call us! We’ll make it perfect, legal, flawless—nobody does it better, trust me! Let’s keep your estate plan a winner—huge, huge success! Ready? Let’s roll!
Let Us Elevate Your Planning
So let’s make your estate plan great—greater than ever! It’s going to be a winner, just like you—nobody does it better, trust me! Ready to sign the deal? Let’s do it! Contact The Curran Law Firm today to get started.
