Jerry Taylor explains why wills force families through expensive probate court and how revocable living trusts bypass it entirely. TrustWise lets you create trust-based estate plans online in any U.S. state, though complex estates with significant business interests may still need a lawyer.
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Does a will require your family to go to probate court? The answer to that is yes. I made that video a little over 3 years ago now. It's gotten well over 10 million views and it is still true today. If all you have is a will, your family must take it to court to make it legally enforceable. And that is still true as well, although many of you have told me I don't know what I'm talking about. Other than really small estates, if a will is to be legally enforced, it has to go through court. Most of you don't even have to worry about that because you don't have a will. A will is like requiring your family to file a lawsuit against themselves that they will pay for. And because of that, I have come up with a solution to help avoid probate in every state in the country. That solution is called TrustWise. Do your family a favor and die with a trust. A revocable living trust will bypass probate court completely. Much cheaper in the long run, much, much quicker than they will ever get through probate court. TrustWise is a platform where you can create a trust-based estate plan in every state in the US. Now, for many of you, there is no doubt you're still going to need a lawyer to help you do your plan. If you've got complicated business interests and complicated families in large estates, you're still going to need a lawyer. But all of you out there owe it to your family to check out TrustWise, see if it would work for you. So go to the link in my bio, you'll get the info about how to get on the waitlist for the launch date in November.