# 011 Wills: What You Think You Know (5 Crucial Facts You Probably Don’t)
In this week's episode:
Even though wills are one of the, if not the, most familiar legal documents there are, the fact of the matter is, most people don’t really understand how they work.
Unfortunately, wrong information gets perpetuated by the talking heads of conventional wisdom…and bad decisions are made as a result. Is a will right for you? Are you sure?
This episode is about getting rid of some of these misconceptions. I (Nicole) talk about 5 of the most common things people don’t know about wills, and why they are crucial to smart planning.
WHAT YOU WILL LEARN IN THIS EPISODE:
- Why a will is your ticket into probate court
- How wills create a perfect situation for predators that may be interested in what you’re leaving behind (no privacy for your loved ones!)
- Why what your will says is often not what actually happens
- How wills are of limited use – and don’t do anything for you during life
- How the ultimate cost of a will is much higher than you probably realize
***REMEMBER, THE INFO IN THIS PODCAST AND THIS WEBSITE IS NOT LEGAL ADVICE! GENERAL INFORMATION!***
Are you a Michigan resident that needs estate planning or elder law help? Contact Nicole’s law office, click here
Need help in another state? You can contact Nicole’s office as well! Just let us know!
About the show
Planning isn’t just about getting your will done or going to see your financial planner once a year. SMART planning involves an educated process that incorporates the latest in legal, financial, and healthcare strategies to work toward the most desirable result – the quality of life, throughout your entire life.
The biggest problem, too often, is that “traditional” notions of what is right to do in both legal and financial estate planning don’t always work in today’s world.
I created SmartPlanning101 to help all of us learn how to be better planners for the future – and stay in control. To learn how and when we need to challenge the “status quo” and “conventional wisdom.” To be in a nutshell- “smart planners.”Learn More About the Show - Click Here