I am sure, you would agree that it's better to have your estate handled the way you want after you die. What if I told you there is a better than even chance that this won't happen? In this short video, I'm going to show you three simple areas that you can focus on, that will help you avoid your family fighting after you're gone.
Hi, I'm Josh Patrick. I'm the founding principal here at Stage2Planning and here are some sad facts about wills in this country. Only 50 percent of the people in the country have a will at all. That means 50 percent of the people in the country are going to let the government decide what happens to their assets after they died.
Five percent, only five percent share what's in their will.
Now that's the reason we have fights that go in family, because 95 percent of the people, when their loved ones die, they don't know what's in the will. And here's some sad facts about wills in this country. Only 50 percent of the people in the country have a will at all. That means 50 percent of the people in the country are going to let the government decide what happens to their assets after they died. Five percent, only five percent share what's in their will. Now that's the reason we have fights going on in the family, because 95 percent of the people, when their loved ones die, they don't know what's in the will.
They find out what's in the will as a surprise and sometimes, in fact a lot, they don't like that surprise.
And that's what the problem is with not sharing your will. You know your family finds out what you want and what you've done and what your wishes are after you're gone. Doesn't it make more sense for you to have that conversation while you're alive in an annual family meeting where you have an open discussion about your assets, your beliefs, your values, how you would like those values carried on after you're gone?
You know that what you decide may not be what your dears want.
And that's where fights happen. You know the truth is when you have a family meeting and you talk about what's in your will to often no one in your family is going to disagree with you. And that's where you might want to have a facilitator who's going to draw out those disagreements.
So you have an honest conversation about what's in your will. You know, my belief is, and I think it's your belief also, is that you really want to have your family together and happy after you're gone. And think about you in a positive manner. And showing what's in your will and having an open conversation about that is going to go a long way towards you getting to that point. So again,
I want you to share what your beliefs are, what your values are, what's your philosophy, heart philosophies are.
And here's the best way I think of doing that. If you have an annual family meeting, that is led by a facilitator who's going to help draw other people out, you're gonna have a pretty darn good meeting. During that meeting, you want to share what's in your will. You want to get real honest feedback from those affected. You especially want to hear about things that people who are the people who you love and who are going to be involved in your will.
Don't want to have happen. So having an open conversation about that is a good thing to do and not the day before you die. You should start years before you die. Now, when you're having this conversation, and this is why you might want to have a facilitator, you want to listen for verbal and look for non-verbal disagreement. There's some was sitting here like this with their very tight, you can be pretty sure that they don't like what you're talking about. You might want to say him say, you know, it appears to me, you're having a bit of an issue of what we're talking about here today, what's up. And you know, we've talked about this, but in my opinion, having a facilitator really helps out with these family meetings.
We have a thing called the Willing Wisdom Index.