What You’re Not Being Told

7 Dec 2022 · 1 min

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In this segment, the speaker (addressed to Jerry Taylor) warns viewers that low‑cost $150 wills are often a bait to generate future probate work for the attorney. He explains that probate fees can run from $5,000‑$10,000 on a $100k estate and far higher on larger estates, and that probate makes estate details public. He argues that spending a few thousand dollars now to establish a trust can prevent those fees, reduce administrative delays of six months to two years, and preserve family privacy. The speaker urges listeners to question what lawyers may be omitting about the true cost and consequences of cheap wills.

Chapters

People say to me, Jerry Taylor, I can get a lawyer down the street to do a will for me for $150. Without even talking about the quality of $150 will, let me tell you what you're not being told. What you're not being told is that that lawyer will do $150 will for you because they know that down the road when you die, they're likely to get your probate case. And the fees for handling the probate of your estate, even on a $100,000 estate, could be $5,000 to $10,000. If it's a million dollar estate, you can do the math. And you're also not being told that spending a few thousand dollars to do a trust now will save you multiples of that. You're not being told that doing a trust now will save your family 6 months to a year to 2 years of administrative headaches. You're not being told that everything in your estate that goes through probate is going to be public knowledge. So you need to ask yourself, what else is that lawyer not telling me?