#RichLifeLawyer Show 017: Estate Planning Lawyer Truth Exposed
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There is a truth about estate planning that most estate planning attorneys don’t want you to know. It’s not because they are trying to specifically hide anything from you, it’s just that their ego and self-importance won’t let them admit it.
Estate planning lawyers are also deathly afraid of messing up so they do everything than can to cover their butts.
Watch the video to find out what it is!
Enjoy!
Cheers,
Christopher Small
P.S. Do you have kids? Have you completed guardianship paperwork? Have you done it correctly? Click here to find out what happens if you don’t do anything: Are you okay with a judge choosing the guardians of your children?
P.P.S. Do you own a business? Do you have a plan so the business, and your family, can survive if something happens to you? If not, click here to learn how simple it is to protect your business and your family from tragedy: 5 Ways to Protect Your Business from Catastrophic Failure.
P.P.P.S. Do you have no kids and think you don’t need an estate plan? Single and think a will is only for married couples. You couldn’t be more wrong. Click here to learn more: 5 reasons estate planning is a must have even if you don’t have kids.
Christopher Small is a Kirkland estate planning attorney who helps people get rich and live forever. He is also the owner of CMS Law Firm LLC.
Hey everybody this is Christopher Small from CMS law firm and this is episode seventeen of The Rich Life Lawyer Show. Super pumped to be here with you today, this is the first episode after the birth of my kid, my third and final kid Dylan. So excited to be here with you today and I was having a meeting with a couple of financial planners this week.
And we start talking about estate planning and sort of what it means in the grand scheme of things and I sort of pull on my philosophy was on this and the truth about estate planning in like nine times out of ten maybe ninety five times out of one hundred is that less is more. And what does that mean? It typically means that you don’t have to have a huge complicated estate plan.
If you have kids you need a couple of things. If you are married, and your net worth is over two million dollars, you need a couple things. If you are married, your net worth is over ten million dollars. Then you need sort of a couple more things. But how many of us have a net worth over ten million dollars right. Not that many it’s very very small percentage. If you’re there I can help you but for many of you. I think you’re scared maybe of the potential complications that go into estate planning. It doesn’t have to be complicated.
And that’s one of my, sort of mantras. One of the things that drives me is to make this simple. To make it so that you can complete your estate plan, to make it so that you can protect your family, create legacy. So you can do all those things that you want to do so that you know when you pass on and things move on that for generations to come you have an effect on your family. That you’ve helped make it better and that you have helped to move forward.
So that’s the truth about estate planning right. It doesn’t have to be complicated. It shouldn’t be complicated. Unless you want to make it complicated or feel like you need to be important or complicated, then go do that but otherwise it doesn’t have to be some is trying to sell you a huge complicated estate plan and take a step back have a new conversation with your estate planning attorney and try to find out that’s what you really need because you probably don’t. So that’s it, once again I’m Christopher Small with CMS Law Firm. I appreciate your time, I love you and can’t wait to catch you on the next episode.
Originally published at cmslawfirm.com on May 18, 2016.
