Tip Tuesday: Having a Will is not the same thing as having a Plan

According to Merriam-Webster's dictionary, a "plan" is a method for achieving an end; a detailed formulation of a program of action; an orderly arrangement of parts of an overall design or objective.

If you only have a Will, you do not have a plan. You have a singular document.

A screwdriver isn't useful without a screw.

A hammer can't do much without a nail.

Similarly, a Will can be an effective tool, but not by itself. For example, a Will does not cover your incapacitation. A Will does not control every asset you own. A Will cannot protect your heirs from predators and creditors. A Will requires a probate rather than avoiding one.

If all you have is a Will, then unfortunately you still have a lot of exposure. If you want to do better, plan better, then give us a call at (919) 678-5761. We can help!

#DoBetter #PlanBetter #EstatePlanning #TipTuesday

#EstatePlanning101 #TipTuesday #LastWillandTestament

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Privette Legacy Planning, a boutique estate planning firm based in Cary, North Carolina is a Professional Limited Liability Company incorporated in North Carolina as The Law Office of Amy M. Privette, PLLC. Our estate planning attorney routinely assists clients based in Wake County, Franklin County, Chatham County, Durham County, Orange County, Moore County, and other surrounding areas.

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