(660) 351 - 3736

Harrisonville, Missouri

(660) 351 - 3736

Harrisonville, Missouri

Estate Planning

There are 2 types of estate plans. The kind you have a choice in, and the kind you don't. The kind you don't is called probate.

Estate planning is a must if you want to have the final say so in where your assets are distributed upon your death.

Most people think that a will is enough to transfer assets. IT IS NOT! Most wills go to probate and anyone can challenge them.

Benefits of Estate Planning:

  • You get to decide...instead of the judge in a black robe and two guys in a gray suit, where your assets will go.

  • Probate fees are extreme, and estate planning allows you to avoid probate.

  • A living trust can be settled in a short period of time, as opposed to probate.

Estate Planning

There are 2 types of estate plans. The kind you have a choice in, and the kind you don't. The kind you don't is called probate.

Estate planning is a must if you want to have the final say so in where your assets are distributed upon your death.

Most people think that a will is enough to transfer assets. IT IS NOT! Most wills go to probate and anyone can challenge them.

Benefits of Estate Planning:

  • You get to decide...instead of the judge in a black robe and two guys in a gray suit, where your assets will go.

  • Probate fees are extreme, and estate planning allows you to avoid probate.

  • A living trust can be settled in a short period of time, as opposed to probate.

Estate Planning protects your heirs’ inheritance from lawsuits, bankruptcy, divorce and spend-thrifts

A spendthrift is a person who spends money in an extravagant, irresponsible way. The average time that a spendthrift blows through their inheritance is 17 months.

Estate Planning is more than about just deciding who gets what

  • helps keep family members from arguing

  • determines the period of time that people will receive cash benefits - to keep taxes at a minimum

  • helps prevents a dominating person from dominating over others - you get to decide, not them

  • helps keep things moving smoothly

Estate Planning protects your heirs’ inheritance from lawsuits, bankruptcy, divorce and spend-thrifts

A spendthrift is a person who spends money in an extravagant, irresponsible way. The average time that a spendthrift blows through their inheritance is 17 months.

Estate Planning is more than about just deciding who gets what

  • helps keep family members from arguing

  • determines the period of time that people will receive cash benefits - to keep taxes at a minimum

  • helps prevents a dominating person from dominating over others - you get to decide, not them

  • helps keep things moving smoothly

Frequently Asked Questions

What is the difference between a will and a trust?

A will decides what happens to your estate after you die, a trust decides before you die. A trust is more protected than a will.

What is the difference between a digital trust and a book trust?

Both a digital trust and a book trust have to be drawn up by a lawyer and the funding(adding in assets) is the most critical part of the trust.

Book trusts

• Has ongoing fees (approximately $300-500/hour) and you have go back to the lawyer every time something needs to be changed

• Don't usually get properly funded

• Documents are at risk of being lost or stolen

Digital Trusts:

• You can make the changes yourself whenever you need to with no additional costs (gives you cost control)

• Your trustee has access to your digital trust where they might not have access to a book trust

• Documents can't be lost or stolen

Can I use a family member as a trustee?

You can name any trustee you want, it doesn't have to be a family member. Or you can use a corporate estate settling company. The trustee just needs to be willing and able.

Can I use West Pack Insurance for my estate planning even though I don't reside in Missouri?

Yes! We can help put together trusts for anyone within the Unites States because you don't have to live in the state that you put your trust together in.

Frequently Asked Questions

What is the difference between a will and a trust?

A will decides what happens to your estate after you die, a trust decides before you die. A trust is more protected than a will.

What is the difference between a digital trust and a book trust?

Both a digital trust and a book trust have to be drawn up by a lawyer and the funding(adding in assets) is the most critical part of the trust.

Book trusts

• Has ongoing fees (approximately $300-500/hour) and you have go back to the lawyer every time something needs to be changed

• Don't usually get properly funded

• Documents are at risk of being lost or stolen

Digital Trusts:

• You can make the changes yourself whenever you need to with no additional costs (gives you cost control)

• Your trustee has access to your digital trust where they might not have access to a book trust

• Documents can't be lost or stolen

Can I use a family member as a trustee?

You can name any trustee you want, it doesn't have to be a family member. Or you can use a corporate estate settling company. The trustee just needs to be willing and able.

Can I use West Pack Insurance for my estate planning even though I don't reside in Missouri?

Yes! We can help put together trusts for anyone within the Unites States because you don't have to live in the state that you put your trust together in.

Request A FREE Consultation Today!

Request A FREE Consultation Today!