The
second step in Estate Planning is to make sure that when you pass away that your
estate will avoid probate completely. Probating your Estate could cost your
heirs thousands of dollars. We will guide you through a simple process that will
allow you to directly name beneficiaries of your home, land, bank accounts,
brokerage accounts, life insurance, and IRA’s.
Do you have a beneficiary deed for your
Real Property?
Are your bank accounts set-up "Payable on
Death"?
Do your brokerage accounts have "Transfer
on Death" provisions?
Have you named both Primary and Contingent
Beneficiaries on your IRA/401k’s and Life Insurances?
We will show you exactly how to perform
these vital Estate Planning steps, and avoid the nightmares of probate.
Consider these statistics:
8% of every dollar is lost to probate
expenses.
33% of every dollar is lost to taxes.
59% of every dollar will go to your
heirs if they are lucky.
$123,000 is lost to probate and taxes
on a $300,000 Estate.
$205,000 is lost to probate and taxes
on a $500,000 Estate.
$410,000 is lost to probate and taxes
on a $1,000,000 Estate.
$2,000,000 is the Estate Tax exemption
for 2007 and 2008.
$3,500,000 is the Estate Tax exemption
for 2009.
$3500 is the average cost for an
Attorney to setup a Revocable Living Trust.
$1200 is the average cost for us to
set-up Revocable Living Trust.
$900 is the average cost for us to
set-up your Estate correctly.
There is a 10% chance you need a
Revocable Living Trust.
There is a 20% chance you have done
Proper Estate Planning.
There is a 100% chance you will die.
$11 is the cost to file a Beneficiary
Deed.
There is "0" cost to setup Financial
Accounts with Beneficiaries.
