WHAT HAPPEN TO YOUR ASSETS WHEN YOU ARE IN DEBT OR AFTER YOU DIE?

WHAT HAPPEN TO YOUR ASSETS WHEN YOU ARE
IN DEBT OR
AFTER YOU DIE?

1- IS HAVING A WILL GOOD ENOUGH?

– The answer is NO.

2- SHOULD YOU HAVE AN ESTATE PLAN?

– This is a MUST.

Below is the detail what Protections an Estate Planning can provide while a Will does not:

	WILL	ESTATE PLANNING
AVOID PROBATE	NO	YES
TIME PROTECTION. Probate is time consuming; 6 – 9 months minimum. If there are litigations and disputes, it will take months or years to resolve.	NO	YES
COST PROTECTION. Probate is costly because you must pay: – 3% of your total assets for an Executor – court cost, advertisement cost, litigation cost, travel cost, etc.	NO	YES
PRIVATE PROTECTION. During the Probate, all your information and assets will be published. Your neighbors, creditors, relatives, etc. will know what you owe and don’t own.	NO	YES
ASSET PROTECTION. A Will does not provide Asset Protection. Your assets are widely exposed to risk and can be attacked any time.	NO	YES
MIMIMIZE TAX. A Will does not Minimize Estate Tax. Your estate can be taxed based on Federal and/or State law of the year of death.	NO	YES
WEALTH PRESERVATION. A Will does not Preserve your Wealth within your family. Your assets can be taken by outsiders.	NO	YES
FAMILY PROTECTION. A Will does not protect your family members’ inheritances from being taken by outsiders.	NO	YES
FAMILY RELATIONSHIP. A Will does not preserve your family relationship when dispute or litigation happens.	NO	YES

TGA’s Estate Planning Attorney will walk you through the planning process step-by-step to ensure all the proper arrangements are in place to avoid unnecessary frustrations, conflicts and expenses for your loved ones.