There’s a lot of information out there and it can be confusing. Many times that information-overload keeps you from getting this done. It’s okay.
The probate system and big law firm attorneys want you to think that you need to be uber wealthy to actually be able to protect your family. We’re here to tell you they’re wrong. They have their own reasons for wanting you to think that, but it’s not true.
We know you have a dream to protect your family from the worst things out there and to make a lasting impact on them and on the people you love, and we want to show you how to do that.
For a firm that does these plans regularly (meaning more than 50 per year) and limits their practice (so they aren’t doing bankruptcy, divorce, criminal defense AND trusts) , it should be easy for them to create yours and simple for them to explain it to you. Their pricing should be transparent and based on flat fees. If they are charging you hourly, it’s probably because they aren’t experienced enough or because they aren’t willing to be efficient in their work and can only support their family by “billing hours”.
The industry has promoted this BIG LIE for decades that “wills should be a one-and-done project” which requires a heavy burden on you to get it done perfectly “right” the first time in a way that will match ALL TIME. They lie to you that you need to GET PERFECTLY ORGANIZED; they lie to you that you must learn complex tax strategies (from people who aren’t willing to make the explanations understandable go figure); they lie that you must make decisions for your family that will fit in 5, 10, and 20 years from now; they lie that you’re going to have to COMPLETELY CHANGE how you run your financial life; and a whole bunch of other lies that make it feel like this is TOO MUCH TROUBLE to be worth it.
What you should do is write your plan in a way that FITS TODAY and then update it as time goes by. Get a simple plan put together and then make it easy to keep it updated as time goes by. This way you have a plan that actually matches TODAY, and then matches your life tomorrow, next year and 5, 10, or 20 years from now; all without having to go through the mental torture of trying to GUESS what you’d want in 5, 10, or 20 years from now.
You should update your plan every 3 years. Hmmm. We should be suspicious anytime someone gives us a “rule” that isn’t backed by some logic. What happens every 3 years that requires an update? I’ve heard of this recommendation maybe hundreds of times, but I’ve never heard anyone explain where the “3 years” came from.
It seems that the industry has latched onto this number as a COMFORTABLE number more so because it is easy for people to believe rather than because it makes any logical sense. It would be like saying, “How often do you need to see a doctor?” with an answer of “Every 3 years”. Nothing more; never anytime outside of the 3 year checkup. Huh?? That doesn’t make sense! What if you are sick? What if you have an emergency? Should you wait until your next 3 year checkup? No, of course not.
The truth that is maybe not very convenient but is the best answer for families who care, is that you need to update your plan anytime something changes among your 1) family, 2) assets, and 3) the law. Anytime. Every time. Whenever something changes in those three things, you need to ask if your plan needs to be updated. “What a pain!,” you say? Yes, it could be if you tried to do this completely on your own without any help. It would be a pain. It was a pain for us to figure out how to help families do this, but now it’s easy. And it’s very simple for you through our TrustCare service, which has done this for hundreds of families and protected over $700,000,000 dollars from the probate system and big law.
Should You Keep Believing The Lies?
It’s a natural fear to talk about our own death. But if you care enough about your family, you’ll throw away every excuse that’s kept you from getting it done, and you’ll get it done.
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