5 Estate Planning Lessons That Can Save Your Family $50,000

Even with a perfectly drafted will, families can still face the chaos and expense of probate. One client’s father did everything right, yet the estate still cost nearly $50,000 in probate fees because assets weren’t titled properly.

In this video, attorney Andrew Ayers breaks down five key lessons: why a will is only a backup plan, how joint ownership impacts inheritance, the importance of syncing attorneys and financial advisors, why cutting corners costs more, and why probate isn’t always the enemy. He also shares four crucial questions everyone should ask when reviewing their estate plan.

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00:00 Can a Perfect Will Still End Up in Probate Court?
00:56 Lesson 1: Your Will is a Backup Plan
01:46 Lesson 2: Joint Ownership Types
02:49 Lesson 3: Your Advisors Should Talk to Each Other
03:27 Lesson 4: The Cheap Solution is the Expensive Problem
04:01 Lesson 5: Probate Isn't Always the Enemy
05:00 4 Questions to Ask Before You Draft Your Will
06:09 Next Steps