Jerry Taylor explains why you should set up a will or trust now instead of leaving it to your heirs. A few thousand dollars spent on estate planning saves your kids from thousands more in costs and legal chaos, plus keeps family relationships from falling apart.
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The fact is you can pay while you're alive or pay after you're dead. Few people want to spend money now to create a plan for what happens to their stuff after they're gone. But if you don't handle it now, your kids will be handling it later. And having worked with many of those kids, I can tell you they're not going to be remembering you fondly. What would cost you a few thousand dollars now will cost multiples of that after you're gone. So whether you do something or do nothing, you create a will or you create a trust, It's really about what helps you sleep better at night. So if you want to do the right thing, go to my link. The answers start there.