Page 77 - Ultimate Guide to Estate Planning

If you have five children and your wealth is two
hundred thousand dollars, then maybe you're
okay without planning. Most peoples' lives

would not be completely changed long term if
somebody dropped forty thousand dollars on
them. They might not spend it in the best way
though. They may spend it and blow it and
then look at their siblings and say, "Well, they
didn't blow it. They bought a house. That house

has appreciated in value and they're doing
really well. Every time I see them, I'm reminded
of my failure to use the money prudently and I
don't want to see my sibling anymore. It

reminds me of how I screwed up." This is a real
thing that people sometimes don't think about.
It really depends on the recipient of the wealth,
how many recipients and would it
fundamentally change who the heirs are or
become.

How should I find a lawyer? What should I
watch out for?

You probably should work with me. Seriously,
you want to work with a referral, probably
through a financial advisor or accountant. You
want somebody who has worked with a lot of

estate plans, and a lot of estate planning
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