Why Every Homeowner Needs a Will
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In this podcast episode we discuss the importance of having a will for homeowners. John Strohmeyer, a licensed attorney, probate and estate issues, emphasizes the significance of having a will or an official document to clarify property ownership and inheritance. We will also address the misconception that wills are only necessary for those with significant assets - highlighting the importance of having a plan in place as soon as you start accumulating belongings and assets.
Overall, a will is your way of ensuring that your property goes to the right people after you're gone. Without one, you risk leaving your loved ones with a complicated and costly legal mess. Join us as we underscore the importance of proactive estate planning, particularly for homeowners, to ensure a seamless transition of assets and minimize potential legal complications.
In this episode, you’ll learn:
- What is heirship
- Importance of will especially when you have minor children
- Identifying guardians for your children
- Timeline of the probate process
Must-listen moments:
[00:01:18] Inheritance laws and property transfer after death
[00:02:50] Estate planning and probate process
[00:05:52] Probate and estate administration delays
[00:06:42] The impact of not having a will in real estate transactions
[00:07:55] Can an individual create their own will, especially if they don't have many assets?
[00:08:00] Creating your own will and its potential risks
[00:09:41] The importance of knowing where the original will is located
John Strohmeyer: https://www.strohmeyerlaw.com/
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📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo
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Resources mentioned in the episode:
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https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g
77 episodes