7 Estate Planning Terms That Could Cost Your Family Thousands
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7 Estate Planning Terms That Could Cost Your Family Thousands
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Most people think estate planning is simple:
"Have a will and everything is covered."
Unfortunately, that's not always true.
Many of the most important estate planning terms sound similar but have very different meanings—and misunderstanding them can create court delays, family conflict, unnecessary expenses, and unintended outcomes.
In this episode of The Pursuit of Progress, Adam Lang and Ben Adams break down seven estate planning terms that every homeowner, parent, and investor should understand.
Topics include:
• Will vs Trust
• Executor vs Trustee
• Beneficiary vs Heir
• Revocable vs Irrevocable Trusts
• Living Will vs Last Will
• Probate vs Intestate
• Per Stirpes vs Per Capita
Plus, we discuss one of the biggest mistakes people make: assuming their beneficiary forms match their estate plan.
This isn't legal advice. It's practical education designed to help you ask better questions and avoid common planning mistakes.
Because estate planning isn't about being wealthy.
It's about being clear.