What Is An Estate Plan, vs. a Trust, vs. a Will? - Estate Planning 101

What does estate planning mean, overall? What is an estate plan, and do you need one? In this video, we'll discuss the benefits of an estate plan and whether you need one. We'll also discuss the importance of a living will and its role in your life.

"There are things that occur while we're living, there's a transition period where we might not be able to make decisions for ourselves before we pass, and then there is after we pass." 0:40

After watching this video, you'll better understand what an estate plan is and whether or not you need one.

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Estate plans are designed to help you make the best decisions possible while you're alive and when you pass away. Without a plan in place, your wishes may not be honored. The importance of estate planning cannot be understated. A living will, for instance, gives you control over medical treatment in the event that you become incapacitated. This can help ensure that your wishes are followed even if you're unable to speak for yourself.

If you're looking for an estate plan for your family, this is the video for you! Gain a better idea of what an estate plan is and if you need one.

Thank you for watching our content! If you enjoyed this video, please share it with a friend.

Please be sure to like, comment, and subscribe to see more videos like this. To learn more about estate planning and how it can help your family, please contact our firm today.

Show Notes:
0:00 Intro
0:25 Estate Planning
7:36 Living Will
10:33 More Than Die And Distribute
12:57 Probate Process
15:54 HEMS Standard
20:19 Will Accessory
21:31 Anyone Can Have A Living Trust
26:50 Outro
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

#estateplanning #livingtrust #will