Most people believe that once they complete their estate plan, their assets will pass to their desired heirs. They don't realize that creating a will or trust is the first step. Most assets pass via title or beneficiary, not your trust or will.
Probate is an expensive and public process that can be avoided with the right plan. Today, we dive into practical steps you can take to avoid probate and ensure your assets pass to your intended heirs.
In this episode, you will learn:
* How to ensure your children receive some of your assets if you are remarried (Many children are unintentionally disinherited because the deceased's estate plan was not completed!).
* What happens if you own a second home in another state (This may surprise you!).
* How long a typical probate will take.
* What it means to "fund your estate plan."
Links Referenced in the Show:
The Estate Planning Checklist: https://themillionaireinsider.com/epc
Get your Free Financial Checkup: https://themillionaireinsider.com/fc
Show notes and more information: https://themillionaireinsider.com/26
This information is for educational purposes only and is not intended to provide financial, investment, or planning advice.