The "Solo Ager" Trap: Why a Will is NOT enough for you скачать в хорошем качестве

The "Solo Ager" Trap: Why a Will is NOT enough for you

A will alone won't protect you during incapacity—and probate can drain your estate by $15,000-$30,000. This video explains why Solo Agers need a Living Trust and how to set one up the right way. 📋 WHAT YOU'LL LEARN: ✅ Why a will only works AFTER you die (not during incapacity) ✅ How probate costs 3-7% of your estate + 12-24 months ✅ The difference between revocable and irrevocable trusts ✅ How to fund your trust properly (the step people forget) ✅ When to consider a professional fiduciary ✅ Medicaid planning basics for long-term care ✅ Complete estate planning package: Trust, POA, Healthcare Directive 💰 COSTS DISCUSSED: Living Trust setup: $1,500-$3,500 (one-time) Average probate costs: $15,000-$30,000 California probate on $300K estate: $18,000 statutory fees alone Guardianship/Conservatorship: $20,000+ court costs Professional fiduciary fees: 1-2% of assets or $100-$300/hour 📚 RESOURCES MENTIONED: National Guardianship Association: guardianship.org Professional Fiduciary Association of California: pfac-pro.org Genworth Cost of Care Survey (2023 data) U.S. Census Bureau - Americans Living Alone Statistics 🔑 KEY TERMS EXPLAINED: #Probate - Court process for distributing assets after death #LivingTrust - Legal entity that holds assets during life and after death #SuccessorTrustee - Person who manages trust if you're incapacitated #PowerOfAttorney - Legal authority for financial decisions #HealthcareProxy - Legal authority for medical decisions #ProfessionalFiduciary - Licensed trustee/executor for hire #PourOverWill - Safety net will that works with your trust #Guardianship - Court process when no POA exists 🏡 ASSETS COVERED: This video discusses how to protect your home, bank accounts, investment accounts, retirement funds (IRA/401k), life insurance, vehicles, and digital assets through proper estate planning. 🎬 ABOUT THIS CHANNEL: We provide practical, USA-focused financial and legal education for Americans navigating retirement and estate planning. No sales pitches. Just clarity, security, and actionable information. 💬 QUESTIONS? Leave them in the comments below. This community is here to help each other navigate these complex topics. DISCLAIMER: This content is for educational and informational purposes only. It should not be construed as legal, financial, or tax advice. 🔔 SUBSCRIBE for more... #SoloAger #EstatePlanning #LivingTrust #Probate #RetirementPlanning #FinancialPlanning #AssetProtection #401k #robertfinance