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Transcript:
00:00:01 [Music] Yes, a lot of people die without a will. They say that about 65% of Americans have nothing written down. So, you can imagine that’s a pretty big percentage. And when you die without a will in Illinois, if you have more than $100,000 in your name individually, we’re going to have to open what is called a probate estate. And probate has so many disadvantages. Um, it’s a core process. So, the first one is it’s expensive. Lawyers are going to charge you quite a bit. 10 to $15,000 is the starting
00:00:34 point. Number two, it takes a while. About one to two years is average in our office. Number three is it’s public record so people know exactly what your family is inheriting and where they live. We don’t want that information out there. And last is that if you have real estate outside of Illinois, we’re going to open probate in Illinois plus that state. So if you have a house in Florida, we’re going to open probate there. So in general, if you don’t have a will, you don’t want your family to go
00:01:03 through this. Important to have an estate plan. [Music]
