Page 33 - Ultimate Guide to Estate Planning

When is a Simple Will enough?
We do have an automated will-based solution,
which is for people that don't have significant
net worth or who are simply resistant to the

revocable living trust solution.

The will still allow you to be purposeful in how
you distribute your assets. Normally, when you
get to a certain level of wealth, perhaps
$300,000 per intended adult heir, you're

dealing more with the core values that you
want to perpetuate as to your intended heirs.
For example, do you want to:

 Have their inheritance in an asset
protected environment so that creditors

and ex-spouses don’t have access to the
wealth you left your children;
 Help with education for your children or
their children (do you want to associate

required grades or degrees in order to
receive help on education);
 Create a structure where your children
can invest the funds in a business or
investment real estate;

 Assist in paying for their wedding,
reception, honeymoon or other
significant life events;

32