There are three main categories of non-probate assets that are not covered by a will - life insurance, investment accounts, and payable-on-death accounts. These assets are contractual and will pass to the beneficiary named in the contract.
#jeffcoatlaw#estateplanning#wills
@DrewJeffcoat@tylerguitar_ There are too many LLCs once the cost of setting up, maintaining, and the energy needed to keep them organized exceeds the profit from the businesses they’re protecting.
This is where a series LLC can be a good fit, especially in real estate.
Let me know if we can help you.
Assets cannot be left outright to minors. Without an accurate estate plan in place, assets left to a minor may be subject to court supervision, costing your loved ones fees that could have been avoided.
#jeffcoatlaw#estateplanning
An estate plan is not just something used by the ultra wealthy.
An estate plan is essential for anyone owning property or other assets, including cash or vehicles.
It ensures protection for you and your loved ones.
#estateplan#estateplanning
“Freedom is never more than one generation away from extinction. We didn’t pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.” - Ronald Reagan