Diversify Your Estate Planning to Protect Your Familys Legacy

Jake Claver

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00:00You want diversification in your estate planning process and to ensure diversification in estate

00:07planning, different vehicles mitigate different types of risks. Holding everything under one

00:14vehicle, which I've seen before, you know, you might have one living trust that is irrevocable

00:20or revocable that holds all the assets of the family, that could get tied up in court. If one

00:26of the heirs disapproves, there can still be litigation against that, even though, you

00:32know, one of the main reasons people set trusts up is to avoid the litigation process or a

00:37probate on their death. If family members are jaded or contest that, if things aren't siloed

00:43out into different verticals, which want to pass to each part of the family, then they

00:48can still tie things up in court. So we don't want that. You're going to have trustees that

00:53are going to make sure that things are allocated correctly.

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