Nick Perry explains why naming kids directly in your will triggers probate, which costs at least $15,000 in fees. Use a revocable living trust instead, naming your children as beneficiaries to skip probate and keep that money.
Never ever write your kids in your will because you're messing up their future. See, a will is an instruction to the court. So if you, a family member, grandmother, or parents have a will, it means you automatically go to probate when they pass, which means that piece of paper will cost you a minimum $15,000 through the process. So instead, do what the rich do and put your assets into a trust and name your kids as beneficiary. That way they don't have to pay $15,000. Make sure to send this to a friend and remember to
