Why Everyone Needs an Estate Plan (Before It’s Too Late)

In this episode of Assets and Taxes, Kent Fitzpatrick sits down with attorney and founder of Legal Halp, Josh Halpern to break down everything you need to know about protecting your assets and securing your family’s future. They discuss why every family—regardless of wealth—needs an estate plan, the differences between wills and trusts, how to avoid probate, and upcoming estate tax changes that could impact your legacy.(0:00) Intro (0:51) Meet Josh Halpern (4:42) Most Americans Don't Have An Estate Plan (6:24) What Happens If You Pass Away Without An Estate Plan (7:23) Why Estate Planning Isn't Only For The Wealthy (8:00) The Difference Between Estate Tax & Probate (11:45) How Often Should You Review Your Estate Plan (12:50) How To Avoid The Probate Court (15:28) Intestate vs. Testate (16:30) Estate Plan Value System (19:36) Elements of an Estate Plan (22:32) Irrevocable Trust vs Revocable Trust (25:00) How The Gift Tax and Estate Tax Works Together (29:48) What Should You Do Now (33:00) How Important Is A Revocable Trust (34:20) Why The Younger Generation Needs To Consider Estate Planning (37:25) Conclusion Have Questions? 📞Book a FREE 15 Minute Discovery Call with us: www.assetstrategy.com/contact----Want more FREE resources? 📚Download some of our FREE Financial Guides!:https://assetstrategy.com/financial-g...----Found this video helpful? Be sure to hit the like button on this video and share it with someone who may find this helpful. Subscribe to our channel so we can keep helping you grow and create wealth.----Want to know where else you can find us?Click on this link → https://linktr.ee/assetstrategy--Check out Josh's website:https://www.legalhalplaw.com/