Friday, August 5, 2016

August is National Make-A-Will Month. Here is a short video about why you need a will.

Brought to you by Kiplingers & Mutal of Omaha

Estate planning is about removing the road blocks that can stand in the way of getting your things to the people you want to have them with as little hassle or expenses possible. 

1. Lack of a valid will that spells out your wishes, if you don't write one, the state will for you.
2. Need for cash to cover bills that must be paid before your assets can be distributed. Final expenses & any outstanding debts.
3. Some possessions are harder to distribute than others. It's easier to split up a bank account vs. a cottage in the woods.

Things to think about: 
1. Proper planning
2. Some assets are free of income tax, others carrier a heavy tax burden
3. Giving property while you're still alive rather than passing it along via your will can either be a savvy move, or a big mistake

There's lots to think about, and there's lots of help available!

Published on Jul 6, 2015
With proper estate planning, you can ensure the smooth transfer of your assets to your loved ones upon your death.

This video is prohibited for use by itself due to the disclosures that are required for use. This video may be used only with approved materials, websites or social accounts containing the required disclosures.