70% Do NOTHING

21 Feb 2023 · 1 min

Watch on YouTube

0:41

In this brief YouTube monologue, Jerry Taylor warns viewers that in most U.S. states, dying without a will or trust triggers intestate succession rules that split assets between a surviving spouse and the decedent’s children. He notes that the typical personal preference is for the spouse to inherit everything, use it during their lifetime, and then pass the remainder to the children—an outcome that does not occur under default state law. Taylor cites a striking statistic that roughly 70 % of adults have no estate plan, meaning the default split will apply to the majority. He uses the segment to promote his newsletter, urging the audience to subscribe for deeper guidance and to take immediate action to “get their ducks in a row.”

Chapters

Everything you have will be split between your spouse and your kids if you die without a plan in most states. And by the way, that looks nothing like the teenage me, although the hair color is close. Back to the old me. Most people would not want to split what they have between their spouse and their kids when they die. Typically, they want everything to go to their spouse, the spouse to live on it for their lifetime, and then to go to their kids. 70% of you out there have no will or trust, so this is what's going to happen when you die. This is the topic of my newsletter this week, so I'm going to be talking about this in more depth If you'd like to subscribe to the newsletter, go to the link on my profile page, click on it, and you will see where to subscribe to my newsletter. For the 70% of you out there that have done nothing, this is your wake-up call. It's time to get your ducks in a row, people.