Saturday, March 8, 2014

If I have a Will, is that Adequate Planning?

I depart from investing money, into another type of investment; protecting your assets after you die. I am talking about a Living Trust. One of the most loving things you can do for your family is provide for their future security with a Living Trust. Many people do not realize doing a Will is an invitation into Probate. Really? Since you have a Will you most definitely go through the Probate process. You may ask, “What is so bad about going to Probate court?” Simply, it could cost your family 5% to 10% of the GROSS value of your estate. Sadly, the Probate attorneys get most of it. For example, if you die with assets in your name in the amount of $500,000, which includes the value of your home, the Probate process could take $25,000 to $50,000 of YOUR estate before your family gets a penny. I assume you want your family to receive that money, so you need to avoid Probate. How? A Living Trust.

With a Living Trust your family avoids the costs, delays, and heartaches of going through Probate. If you saved this $50,000 by not going through Probate, you could apply it to your kid’s college education, or anything else you desire. In addition to avoiding the delays and costs of Probate, a Living Trust includes several features, such as you pre-determine who will care for your minor children, who will care for you in your old age, create a Healthcare Power of Attorney, and a Living Will which is your dying instructions to your family.

Obviously, this limited space cannot fully explain the ins and outs of a Living Trust, so please go to my website, “http://heritagelivingtrust.” for more information, or better yet, give me a call.

If you have any questions, feel free to call me Robert E. Sutton (918) 698-1454 or email me:

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value. Investors should carefully consider the investment objectives, risks,charges and expenses of all funds. This and other important information is contained in each fund's prospectus and summary prospectus, which can be obtained from a financial professional and should be read carefully before investing. Securities offered through Parsonex Securities, Inc. Member FINRA /SIPC. 2851 S. Parker Rd., Ste. 800, Aurora, CO 80014, 303-468-3400

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