What’s at Stake Without an Estate Plan?

In this video from Wealthy and Wise, host Adam Kintigh and guest David Vanlandingham discuss the crucial topic of estate planning and whether a trust or will is the best option. David explains the risks of not having a trust in place, emphasizing that everything—from assets to family stability—is at stake. They cover the misconceptions about estate size requirements for trusts, highlighting that it’s not just about wealth but also about control, privacy, and avoiding probate. David shares real-life examples of families facing legal and financial difficulties due to inadequate estate planning, stressing the importance of having essential documents like medical directives, financial powers of attorney, and spendthrift provisions for children. They also discuss how probate can be costly and time-consuming, with some cases lasting years and costing families thousands in legal fees. The video underscores why estate planning is essential for everyone, regardless of wealth, and how having a trust in place can provide peace of mind for loved ones. Watch to learn key strategies to protect your legacy and ensure your family is prepared.