Estate Planning | Why You Need a Will? + How to Make a Will | Scott Weiss, CFP | скачать в хорошем качестве

Estate Planning | Why You Need a Will? + How to Make a Will | Scott Weiss, CFP |

Scott Weiss is a Fee-Only Certified Financial Planner. Learn the 8 Steps to Organize & Optimize Your Financial Life: http://bit.ly/OrganizeAndOptimize. In this video you will learn why it is important to have a will in place and the steps to take to get one drafted. Subscribe to my channel: http://bit.ly/scottweisscfp ******************************************** Learn more about working with Scott at Weiss Financial Group Here: http://www.weiss-financial.com ******************************************** Subscribe to my blog: http://www.mahopacmoney.com ******************************************** Get Social -------------------------------- LinkedIn:   / scottgweiss   Facebook:   / weissfinancialgroup   Twitter:   / _scottgweiss   ******************************************** Video Notes: ---------------------- Many people are not sure if they need a will because they don't think they actually have an estate or they simply procrastinate in getting the document drafted. If you are wondering whether you have an estate or not, you most likely do. Simply put, if you own anything you have an estate. So, if you have any assets held outside qualified accounts (i.e. savings accounts, a house, cars, etc.) or have people you care about and/or rely on you (i.e. children, a spouse, etc.), you should have a will. The problem is most adults in America do not have a will. In fact, 58% of American adults don't have one! So, here's what you need to do to avoid being part of the 58%. 58% of adults in America do not have a will! What is a Will? A will is a legal document that defines who is going to take care of your children and outlines what to do with your assets when you're gone. If you die without a will the state will decide who will inherit your assets. Having a will allows you, not the government, to control your assets after your death. What is Involved in Creating a Will? To do it right, I suggest working with a lawyer to make sure your will is structured properly so that it is valid and enforceable. Here is a checklist of things to address: • Name A Guardian: If your children are minors make sure you name a guardian for your kids. • List of Assets Make a list of all your assets and where they are. • Determine Values: Determine the values of your real estate, insurance policies, investments, business ownership, personal possessions and anything else that has economic or sentimental value to you or your family. • Who Will Get Your Stuff?: Decide who will receive these assets and when (Typically your surviving spouse will be your primary beneficiary). • Provide Instructions: Provide instructions on how and when to distribute assets to your children, grandchildren, and the Charities of your choice. • Executor or trustee: Name an executor or trustee to oversee and carry out your instructions. • Power of Attorney/Medical Directive: Grant the power of attorney to someone you trust to make health care and financial decisions if you are not able to make these decisions yourself. • Update Regularly: Update your will every three years to make sure it fits your present situation and conforms to current state laws. This way you know your family, your loved ones, and your assets are all protected. TIP: Update your will every 3 years to make sure it fits your present situation and conforms to current state laws. When you have people who you care about and who count on you it’s best to prepare for the unexpected. So, if you don't have a will in place now is the time to get going. If you do have a will but haven't reviewed it in some time you may need to make updates. Disclosure: ------------------- Weiss Financial Group is a registered investment advisor. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities product, service, or investment strategy. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser, tax professional, or attorney before implementing any strategy or recommendation discussed herein. Insurance products and services are offered through individually licensed and appointed agents in all applicable jurisdictions. The advisers at Weiss Financial Group are not attorneys of a law firm but can provide guidance to the client’s other professionals. Leave me a comment to ask any question or contact me through my website if you'd like to see if I can help you.