Nick Perry explains why wills don't protect your legacy the way you think they do. Instead, fund a revocable trust with your house, cars, and bank accounts, use an Assignment of Property for personal items, and work with an estate planning attorney to finalize everything.
Never, ever, ever sign a will. You're messing up your kid's future. See, when you die, all of your personal possessions are going to have to go through a lengthy process called probate. But you can avoid it by doing this today. Number one, take all your houses, cars and bank accounts and put them in your trust. This will allow ownership of those assets to be transferred without a lengthy probate process. Number two, all of your personal assets, like your furniture, jewelry and other things like that should be filed in an Assignment of Property. It's a two page document document naming the trust as the beneficiary of those possessions. Lastly, you're going to want to consult a real estate planning attorney or an estate planning attorney to have all these things done for you.
