Blog Archives

Top 4 Reasons People Delay Getting a Trust

9/10/2020

Reason #1
People Delay Getting A Trust
They think it's too expensive
Let your loved ones, clients and prospects know that our Trust Provider includes Free Lifetime Changes and Free Lifetime Support which makes it a great value and very affordable.

Reason #2
People Delay Getting A Trust
They are intimidated in dealing with Attorneys
Let your loved ones, clients and prospects know that our Trust Provider has been preparing Living Trusts for 25 years and the staff speaks plain English.

We'll help you get started and the staff will do the rest.

Reason #3
People Delay Getting A Trust
People do not want to talk and/or face their own mortality
Let your loved ones, clients and prospects know that no one ever passed away as a result of doing the right thing for their loved ones.
Getting a Living Trust is one of the most loving things you can do for your loved ones.

Reason #4
People Delay Getting A Trust
No one asked them if they needed or wanted a Trust

60% of Americans do not have an Estate Plan
According to a survey from Caring.com, only 4 in 10 American adults have a will or living trust. Here's the percentages by age groups that do not have an Estate Plan:

78% of millennials (ages 18-36)
64% of Generation Xers (ages 37-52)
42% of boomers (ages 53-71)
19% of those age 72 or older

0 Comments

What Is Probate and Why get a Living Trust?

9/3/2020

2 Comments

Probate is the court supervised process by which a decedent’s assets are transferred to his heirs, either by his Will, or if there is no Will by the statute of intestate succession. The word "probate" has its origins in the Latin "probatum" which means a "thing proved" and "probare" which means "to prove".

Assets Subject to Probate

Personal property such as vehicles, furniture, artwork and jewelry
Financial accounts owned individually rather than jointly with the right of survivorship or without a payable on death beneficiary
Real estate that is owned individually rather than jointly with right of survivorship
An ownership interest in a business whether a sole proprietorship or individually owned shares in a small company.

Assets NOT Subject to Probate

Annuities
Life insurance proceeds
Retirement plan benefits from IRAs, 401(k)s or profit sharing plans
Property jointly titled with the right of survivorship
Assets held in a living trust or with a designated beneficiary

The Probate Process: The probate process involves notifying the decedent’s heirs at law and the beneficiaries of the decedent’s Will of the existence of the Will. The notice provides them the opportunity to contest the Will in the event that the decedent did not have the requisite mental capacity or was unduly influenced by a beneficiary. The probate process also involves compiling a list of the decedent’s assets so that the assets may be distributed according to the decedent’s wishes. Finally, probate involves accounting for all of the assets in the decedent’s estate, including the payment of estate taxes, debts and expenses incurred by decedent during his life or as a result of the administration process.

An executed and fully funded Heritage Living Trust will avoid Probate. Need Help? Have Question? Call or Email Ram Mishra for more information.

Ram J. Mishra, 877-265-1856
Visit Me @ www.AcquireFinancialSolutions.com

2 Comments

Top 4 Reasons People Delay Getting a Trust

What Is Probate and Why get a Living Trust?

Ram Mishra

Archives

Categories

© 2022 Acquire Financial Solutions, LLC