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Celebrating International Women’s Day: Protecting What Matters Most

Sat, 07 Mar 2026 19:14:37 GMT

Women are the protectors of family, assets & legacy.

As we celebrate International Women’s Day and Women’s History Month, it is time to recognize the vital role women play as the ultimate caretakers of our families, our memories, and our futures. Women are consistently at the heart of the family unit—caring for children, supporting aging parents, and managing the day-to-day well-being of their loved ones. Yet, when it comes to legally protecting their own legacy and assets, many women are leaving their family’s future to chance. A survey conducted by GoodTrust reveals a powerful truth: women are overwhelmingly the primary caretakers of both estate matters and preserving assets when someone in the family passes away. Only 12% of women report that a man takes the lead on estate matters. Women are the storytellers, the memory keepers, and the foundation of the family. Despite carrying this immense responsibility, there is a critical gap between what women know they need to do and what they have actually put in writing.

50% of women know they need a Last Will and Testament, yet only 29% actually have one.
47% believe medical directives are important, but only 26% have one in place.
65% admit they have no idea what happens to their digital accounts and assets when they pass away.

Why Protecting Your Legacy is an Act of Love Estate planning isn’t just about financial wealth; it is about protecting what matters most to you. It is about ensuring your children are cared for by the guardians you choose. It is about making sure your parents are supported. It is about organizing your life so that your family isn’t left navigating a stressful, complicated legal system during a time of grief. Interestingly, the GoodTrust survey found that 61% of women consider preserving photos, videos, and memories more valuable than financial assets (42%). Protecting your legacy means safeguarding everything—from your home and bank accounts to the priceless family photos and digital memories you’ve spent a lifetime creating. Celebrate International Women’s Day: 1,000 Free Estate Plans for Women At GoodTrust, we believe that empowerment starts with peace of mind. To honor International Women’s Day and help women take charge of their family’s future, GoodTrust is gifting free Estate Planning to 1,000 women in the US on March 8th 2026. This is your opportunity to secure your assets, protect your children, support your parents, and preserve your unique legacy. Don’t wait for “someday” to get your affairs in order. Give yourself and your loved ones the ultimate gift of security and clarity. Take Action Today Claim your free comprehensive GoodTrust Estate Plan (promotion code: IWD2026 at signup) and join the movement of women taking control of their legacies. Because protecting your family’s future is the most empowering thing you can do.

What 85% of College Students Still Don’t Have—But Desperately Need at 18

Tue, 29 Jul 2025 15:58:33 GMT

Every summer, millions of American families prepare to send their kids off to college. The packing lists are long: laptops, dorm sheets, textbooks, health insurance. The lines are also long.

But there’s one critical item missing from almost every checklist — a simple legal document that could save lives.

By Daniel Sieberg, Cofounder of GoodTrust

Use promo code AOLSAVE10 and save $10 by clicking here.

When your child turns 18, you lose the legal right to make medical or financial decisions for them. That means if they’re in an accident or face a serious health emergency on campus, you may not be able to access their health records or speak to their doctor — unless they have something like a healthcare directive or financial power of attorney in place.

And yet, according to our recent market report, only about 15% of young adults have any kind of estate planning documents. That’s despite the fact that:

There are ~20 million college students in the U.S.
Each year, nearly 4 million students become legal adults overnight.
Parents continue to be deeply involved in their children’s lives, financially and emotionally — just without the legal authority to help when it may matter most.

This isn’t just a policy gap — it’s a parenting gap. And it’s one we can close with smart, digital tools that meet students and families where they are.

At GoodTrust, we believe estate planning isn’t just for later in life — it’s part of preparing for adulthood, just like signing a lease or getting health insurance. Our service helps families set up and store critical documents like:

Advance healthcare directives.
Durable powers of attorney.
Financial aid files, car insurance, travel documents.
All shareable in one secure place, your Digital Vault.

This isn't fear-mongering — it's future-proofing. It’s giving peace of mind to students, and empowerment to parents.

Universities, insurance providers, and student organizations have a major opportunity to treat this as part of a more holistic approach to student well-being. Imagine if, alongside student health insurance enrollment, there was an option to create a healthcare proxy. Or if parent orientation included a session about “adulting essentials” with estate planning front and center.

We’re already seeing some forward-thinking institutions begin to embrace this shift. But there’s so much more to do — and an entire generation of students who can benefit.

Let’s make this part of the college checklist in 2025 — not an afterthought.

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7 Famous Women Who Made History With Their Wills—Or Lack of One

What Can We Learn

Life changes, and so should your will. Regular updates ensure your estate plan reflects your current wishes and family situation.

Final Thoughts

These stories show that estate planning isn’t just about writing a will—it’s about making sure it’s legally sound, up-to-date, and accessible (learn how to make your documents valid here). Whether you have a vast fortune or a few sentimental possessions, a clear estate plan can save your loved ones from unnecessary stress and legal battles.

At GoodTrust, we make estate planning easy, secure, and accessible for everyone. Don’t leave your legacy to chance—start your estate plan today!

Use promo code AOLSAVE10 and save $10 by clicking here.

Estate Planning: As Simple as Leaving Instructions for a Babysitter

Thu, 09 Jan 2025 17:55:24 GMT

Remember the last time you left detailed notes for your babysitter? "Pizza money's on the counter, bedtime is 8:30, and please don't let them convince you they're allowed unlimited ice cream." That's estate planning in its purest form – simply leaving clear instructions for those who'll need them.

Like that babysitter note, estate planning isn't about doom and gloom. It's about care and foresight. You're not predicting disaster by having a babysitter's number on speed dial – you're just being a responsible parent who wants a peaceful date night. Similarly, estate planning isn't about anticipating the worst; it's about ensuring peace of mind for everyone involved.

We've all heard the horror stories: families stressed over unclear wishes, digital accounts locked forever, or precious memories trapped in password-protected clouds. But it doesn't have to be that way. Modern estate planning is as natural as setting up your online banking or creating a shared family calendar.

Did you know?

An estate plan isn’t just one document. At minimum, it usually includes:

A Will or Trust – to outline who gets what and avoid probate delays.
Health Care Directive – so your medical wishes are respected.
Financial Power of Attorney – to let someone you trust handle bills or accounts if you can’t.
Digital Vault – a modern must-have, keeping photos, passwords, and important files accessible.

These are the building blocks that turn your good intentions into clear, actionable guidance.

Gone are the days of stuffy law offices and intimidating legal jargon. Today, you can create a comprehensive estate plan from your couch, perhaps while watching your favorite show. No parking fees, no elevator rides, no awkward small talk with strangers. Just you, making smart decisions for your loved ones' future, as easily as ordering takeout.

Think of it as writing a love letter to your family – one that says, "I've got this handled so you won't have to worry." In less time than it takes to watch a sitcom episode, you can map out your wishes, secure your digital legacy, and ensure your family has everything they need.

The best part? There's no judgment, no pressure, and definitely no implications about age or mortality. It's simply about being prepared, like keeping an umbrella in your car or Band-Aids in your drawer. Because at its heart, estate planning isn't about planning for death – it's about making life easier for those we love.

Ready to write your own babysitter notes for the future? It's time to embrace estate planning for what it really is: an act of love, simplified for the modern age.

To create your own estate plan with GoodTrust, use promo code AOLSAVE10 and save $10 by clicking here.

What’s the Cost of Not Having an Estate Plan?

Thu, 09 Jan 2025 17:39:45 GMT

When it comes to estate planning, one of the biggest misconceptions is that it’s something you can put off. However, not having a plan doesn’t just cost you peace of mind—it can have real financial, emotional, and time-consuming consequences for your loved ones. Let’s break down the true cost of not having a plan and why taking action now is easier than ever with digital estate planning.

The Financial Costs

Without a will or estate plan, your assets typically go through probate, a court-supervised process to distribute your estate. Probate can be expensive, with costs often ranging between 3-8% of your estate’s value. For an estate worth $500,000, that’s $15,000 to $40,000—money that could have gone to your loved ones.

Additionally:

Court fees and attorney costs can pile up.
Assets may be tied up for months (or even years) before being distributed.
Creditors may have the opportunity to claim more of your estate during probate.

By contrast, creating a simple estate plan can cost as little as a few hundred dollars using a digital platform—and it ensures your assets go where you want them to, quickly and efficiently.

The Emotional Costs

Not having a plan doesn’t just cost money; it can create unnecessary stress and conflict among your loved ones.

Family Disputes: Without clear instructions, disagreements over who gets what can lead to strained relationships—or even lawsuits.
Uncertainty: Your family may struggle to make decisions without knowing your wishes, especially regarding medical care or guardianship for minor children.

Creating a will provides clarity, reduces emotional burdens, and helps your family focus on healing rather than untangling legal issues.

The Time Costs

Probate isn’t just expensive—it’s time-consuming. On average, probate can take anywhere from 6 months to 2 years, depending on the complexity of the estate and the state’s legal system. During this time, your loved ones may have limited or no access to critical funds.

In comparison, a properly executed estate plan bypasses probate entirely for many assets, allowing them to be distributed almost immediately.

The Solution: Digital Estate Planning

Modern digital estate planning platforms, like GoodTrust, make it easier than ever to create a will, trust, and other essential documents—all from the comfort of your home.

Benefits of Digital Estate Planning:

Cost-Effective: Affordable pricing with no hidden fees.
Time-Saving: Most wills can be completed in under 30 minutes.
Accessible: Available online 24/7, with guidance every step of the way.

Customizable: Update your plan easily as life changes.

Visual: The Cost of Planning vs. Not Planning

Take Action Today

The cost of not having a plan is simply too high—not just for you, but for the people you care about most. Why leave it to chance when creating a plan is so simple and affordable?

At GoodTrust, we make estate planning accessible for everyone. Whether you’re safeguarding your family’s future, avoiding probate costs, or ensuring your wishes are honored, our digital tools are here to help.

📋 Get started today. Because the best time to plan for tomorrow is right now.

#EstatePlanningMadeEasy #ProtectYourLegacy #PlanWithGoodTrust

Team Up with Your Siblings to Discuss Your Parents' Estate Plan

Fri, 13 Dec 2024 13:37:19 GMT

I know, working with siblings isn’t always smooth sailing. Remember that time you had to clean out the garage together, and everyone had their own “system” (or lack thereof)? Well, planning for the future with your siblings can sometimes feel the same way, but here’s the good news: teaming up with them to discuss your parents' estate plan can actually make things easier for everyone.

When you approach estate planning as a team, you’re not only sharing responsibilities—you’re also setting yourselves up for a more unified process, so everyone is clear on your parents’ wishes. Who knows, you may even strengthen your family bonds. Here’s how you and your siblings can tackle this important task together and make it work for everyone.

Why Siblings Should Work Together on Estate Planning

Estate planning isn’t just about who gets what; it’s about respecting your parents’ wishes and making sure those wishes are carried out smoothly. Having these conversations with your siblings can help everyone stay on the same page, so when the time comes, there’s less room for misunderstandings or arguments. A little teamwork now can mean a lot of peace later.

1. Approach the Conversation with Openness (and a Little Humor)

Let’s face it: family discussions can sometimes get tense, especially when big topics come up. But by approaching this conversation with an open mind (and maybe a sense of humor), you’re more likely to create a positive experience for everyone. Check out these tips to getting the conversation started (link to article https://docs.google.com/document/d/1GSY1RWECCXHB6aYwkISmG6qinJT38yBHBLiiv6PuUHI/edit?usp=sharing). Coming together as siblings allows you to emphasize the importance of understanding your parents’ wishes and working together. Plus, a little light-heartedness can make a serious topic feel a bit more manageable.

Tips for Success:

- Let everyone share their thoughts and feelings.

- Keep the focus on making things easier for your parents and each other.

2. Divide and Conquer (a Family Tradition, Right?)

Growing up, you probably divided tasks to get chores done faster. Estate planning can work the same way. Splitting up responsibilities among siblings allows each of you to focus on what you’re best at. Maybe one of you is great with numbers, while another is more comfortable with healthcare decisions. Dividing roles can lighten the load and give each sibling a specific way to contribute.

Examples of Responsibilities:

- Managing financial aspects or handling assets

- Focusing on healthcare decisions and directives

- Serving as a guardian for minor children

3. Clarify Roles Now to Avoid Confusion Later

When siblings come together to discuss estate planning, it’s a great opportunity to clarify who will be responsible for what. Knowing in advance who will serve as the executor, who will handle specific assets, or who will be the main point of contact can prevent future conflicts. This clarity also provides peace of mind for everyone, including your parents, so they know there’s a plan in place.

4. Support Each Other Emotionally

Estate planning isn’t just about logistics; it’s also an emotional journey, especially when considering end-of-life decisions. Having your siblings by your side means you have built-in support from people who know your family and understand your parents’ wishes. Working together on this process can strengthen your relationships and provide the kind of support that only family can offer.

5. Make Sure Your Parents’ Wishes Are Documented Clearly

One of the most important aspects of estate planning is ensuring your parents’ wishes are properly documented using a will or a trust. By acting as a united front, you can help your parents feel confident that everything is handled and documented clearly. Plus, a solid plan minimizes legal challenges down the road and keeps everyone aligned.

Topics to Cover:

- Guardianship for minor children or dependents

- Health care directives and end-of-life preferences

- Distribution of sentimental items, like family heirlooms

Pro Tip: Start the Conversation Early

One of the best ways to make these discussions easier is to start early, before any health or financial crises arise. Tackling estate planning together as a family creates a smoother path forward and builds confidence in the plan you’ve created together.

Remember, estate planning is about making sure your parents’ wishes are honored and helping the whole family find peace of mind. By teaming up with your siblings, you can make this important task easier—and even find a way to grow closer in the process. And who knows, maybe you’ll even surprise yourselves by creating new family traditions in the process.

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21 Ways to Have the Estate Planning Conversation

Fri, 13 Dec 2024 13:32:44 GMT

There's a reason that Google Maps and Waze have become so popular - we all like to have the security of a map telling us exactly where to go and how to handle any changes in the route ahead.

Having an estate plan offers the same type of roadmap but instead of telling you how to get to grandma's house, this one is for your family's future.

Writing a will is sometimes the easy part. Talking to your family about your plan, or asking them to write one so you can follow their wishes demands sensitivity and careful consideration. After all, family dynamics, financial aspirations and personal wishes are all quite personal.

That’s why we've compiled a comprehensive list of ways to talk to your family to help ease you into these conversations - let’s dive in!

Talking to Your Parents:

1. Initiating the Conversation: Inheritance and Health Considerations

Think about the touch points that would incentivize your parents to complete their estate plan. This may include ensuring your safety should anything happen to them or letting you know what medical decisions they would make in case they become incapacitated. Your parents may appreciate you thinking ahead. Here are some things you could say:

“I just want to make sure I know what to do if anything happens to you. Have you considered specifying your healthcare preferences just in case?"
“It would help me to know what I can expect from my inheritance so I can plan accordingly.”
"Let's make sure we're all on the same page regarding your wishes for the future."

2. Lightening the Mood: Light Humor Approach

Coming to the conversation with humor may make it more approachable. If you inherited your sense of humor from your parents, this may be the way to go. Being slightly funny can be a great icebreaker – consider saying something like:

“I’m the favorite, right? Then what am I getting in your will? *wink wink*"
"Inheriting a sense of humor is just as important as any material possessions, right?"
"I just want to make sure I get my inheritance, teehee."

3. Do it now to avoid stress later

Consider encouraging your parents to handle estate planning now so they don’t have to worry about it later. You can remind them that creating an estate plan will give them peace of mind knowing they’ve done everything they can to keep their family safe and secure even when they’re no longer here. Here are some ways to address the topic:

“I know you’re not going anywhere soon but I’d hate for you to worry about this if and when anything happens to you.”
“I just want to make sure we’re prepared for anything.”
“I’d rather we handle this now so we don’t have to stress about it later.”

4. Hatch a plan with your sibling

Your sibling may have been your partner in crime in childhood and can be your partner in plan now! Discussing each of your expectations when it comes to inheritance can help you better understand what you want and what would be best for your family. Consider saying things like:

“Hey sis, how do you feel about bringing up estate planning to the parents together?”
“I’d love to know what you really want in the inheritance.”

5. Offer Help

We all need a little help sometimes and maybe that’s what could be holding your parents back from creating their estate plan. With our Estate+ plan, we walk you through how to create a robust estate plan step-by-step. Consider offering your parents help, getting cozy with cups of tea, and completing the document-creation forms together! Here’s what you could say to extend a helping hand:

“I know creating an estate plan must seem a little daunting, let’s do it together!”
“I’d love to help you set up your estate plan with GoodTrust.”
“Creating an estate plan is easier than ever, we can do it online, and I can guide you through the whole process.”

6. Share concern

One of the reasons you may be thinking about your parents and estate planning could be concern. Concern for their health, assets, and more. It’s okay to share these concerns with your parents. Consider letting them know you want them to take the steps to protect themselves and your family:

“I’m concerned about what would happen to me and our family if anything happens to you – would you consider creating an estate plan?”

7. Make it about the (grand-)kids

If you have children, you could consider bringing them up to start the estate planning conversation. Discussing the multiple generations at play may help concretize the importance of estate planning. Consider saying something like:

“I’d love to know what you’re thinking about leaving me and your grandkids in your will.”

Talking to Your Siblings:

8. Partners in planning

Think about estate planning as a collaborative process: you and your sibling can help another, your parents, and your family in general by coming together and drafting clear and strong estate plans. Think about saying the following:

“We both know we have to start our estate plans, how about we do it together!”
“I’ve been working on my estate plan and would love your input.”
“I’d love to help you with your estate plan.”

9. Shared responsibilities

Talking about your parents and their estate plans as a shared responsibility can help show your sibling the importance of tag teaming estate planning tasks within your family.

“How can we work together to help the parents create their estate plan?”

10. Express concern for your parents

You and your sibling both care about your parents which is why you can consider discussing your parents’ health with them, for instance. It’s normal to want support especially when it comes to estate planning. Think about leaning on your siblings and discussing the following:

“If ever we have to make decisions about our parents’ health, I’d love to know what they would prefer.”
“I’d love your help in asking the parents what kind of health decisions they prefer.”

11. Early financial planning

Approaching financial aspects early in estate planning with your sibling can lay a solid foundation. Discussing your parents' finances as part of the planning process provides valuable insights for making informed decisions. Consider initiating this dialogue with:

"Understanding our parents’ finances is crucial for our estate plans. How about we delve into that together?"
"Early financial planning can guide our decisions. Want to join forces and go through it as a team?"
"I've started looking at our parents’ financial situation for our estate plans and would love your input?"

12. Talk about inheritance

Discussing inheritance with your sibling can be a great segue into larger . You can think about it with a touch of nostalgia, making it reminiscent of simpler times. Start by saying:

“Remember when we used to trade candy on Halloween? Let’s chat about what we’d like to inherit – anything specific on your list?”
“Let’s make the serious stuff a bit lighthearted – who gets what?”

13. Planning for the unexpected

Bringing up the importance of planning for unexpected events with your sibling emphasizes the need for a comprehensive estate plan. Share your concerns and initiate the conversation by saying:

“Life is unpredictable. Let’s ensure we’re prepared for any curveballs. How about we plan for the unexpected in our estate plans?”
“Talking about worst-case scenarios isn’t easy, but it’s necessary. Let’s discuss how we can plan for the unexpected together.”

14. Legacy and Family Heirlooms

Discussing family heirlooms can be a great segue into larger estate planning considerations. Consider starting the conversation with:

“I’d really love grandma’s ring, are there any specific family heirlooms you’d like.”
“I want to secure our family’s legacy and would love your help.”

Talking to family members with complex dynamics:

We understand not all family dynamics are easy, loving, and caring. For those family members that cause you a little more trouble, we’ve compiled a few tips and tricks to handle discussing estate planning with them.

15. Choose the right setting

When dealing with family dynamics that are less than ideal, the setting is crucial. Ensure you choose a calm and private environment where discussions can take place without added stress.

"Let’s find a quiet space to talk. I want our conversation about estate planning to be as stress-free as possible."
"How about we grab a coffee and discuss this somewhere neutral?"

16. Start small

For complex relationships, it's often best to start with smaller aspects of estate planning. Begin with topics that are less emotionally charged to ease into more complex issues.

"Estate planning involves many aspects. How about we tackle them one at a time, starting with the basics?"

17. Highlight benefits for loved ones

Emphasizing how estate planning benefits loved ones can shift the focus from personal dynamics to shared concerns for family welfare.

"Putting our differences aside, let’s focus on what’s best for our family. That’s what estate planning is all about."

18. Share your own planning experience

Sharing personal experiences with estate planning can make the conversation more relatable and less confrontational.

"Let me share my perspective on estate planning. It might shed some light on why I think it’s important for both of us."

19. Listen actively

In challenging discussions, active listening is key. Create an environment where both parties feel heard and understood.

"I want to understand your perspective. Can you share your thoughts on how we should approach estate planning together?"

20. Use hypothetical scenarios and explore different options

Engaging in hypothetical scenarios allows for objective discussions, exploring various options without directly confronting personal issues.

“What if this happened, what would be the best way to handle the situation?”

21. Involve a mediator if necessary

In the event that you have a tough time navigating through the conversation, consider involving a neutral third-party to help you reach positive conclusions.

Think of these options as guidelines to get inspired from when tailoring your specific estate planning conversation needs. We hope these help you start talking about the value of estate planning with your family members. Now that you’ve considered how and who to talk to, how about you start your plan? Click here to begin drafting your estate plan, today, you’ll be glad you did!

Use promo code AOLSAVE10 and save $10 by clicking here.

Estate Planning and Life’s Important Moments: Why Timing Matters

Fri, 13 Dec 2024 12:40:18 GMT

When you think about estate planning, you probably picture it as something you tackle in the distant future. But in reality, estate planning often lines up perfectly with some of life’s most meaningful (and sometimes challenging) moments. In a recent survey by GoodTrust, we found that certain milestones prompt people to think seriously about their estate plan. These moments act as reminders that while we can’t predict the future, we can take steps to secure it.

Here’s a look at how estate planning aligns with these important life stages—and why it makes sense to start (or update) your estate plan as life changes.

5. Divorce (20%): “Starting Fresh, Staying Protected”

A significant life change like divorce prompts a different kind of planning. For 20% of survey respondents, divorce was a reason to create or update their estate plan. Divorce brings a fresh start, allowing you to redefine your legacy, make new decisions about assets, and remove any roles or designations that may no longer align with your new path. Estate planning after divorce empowers you to ensure that your wishes reflect your new life and values, and it’s a chance to take control of your future independently, with the people you choose.

4. Marriage (28%): “Starting a Life Together, Planning for the Future”

Marriage is more than just combining households; it’s about building a shared future. For 28% of respondents, getting married was the life event that motivated them to start estate planning. This is a time to talk about financial goals, make shared decisions, and protect each other from life’s unknowns. Estate planning as newlyweds may not be romantic, but it’s one of the most meaningful ways to start a partnership with transparency and security.

3. Caring for an Ill Family Member (30%): “Protecting the Ones Who Once Protected You”

Sometimes, life brings unexpected responsibilities, like caring for a sick family member. For 30% of people, stepping into this role is what prompts them to create an estate plan. This moment makes us think about health, security, and legacy, not only for our loved one but also for ourselves. Estate planning ensures that if anything happens, your family can focus on what’s important—being there for each other, not worrying about the logistics of assets and responsibilities.

2. Having Children (42%): “Protecting the Little Ones”

Bringing a child into the world changes everything. Suddenly, you’re responsible for a tiny human who depends on you entirely. In our survey, 42% of respondents said that having children was a major reason to start estate planning. When you have kids, estate planning goes beyond finances; it’s about naming guardians, ensuring they’re provided for, and preserving family values. Estate planning at this stage is an act of love—ensuring that, no matter what, your children will be cared for.

1. Retiring (62%): “New Beginnings Need a Plan”

Retirement is a huge milestone, often signaling a shift in priorities and perspectives. After years of building your career and saving for the future, it’s natural to want to protect everything you’ve worked for. For 62% of people surveyed, retiring was the top reason to consider estate planning. This moment is a reminder to not only plan for yourself but also ensure your loved ones are cared for in the years to come. It’s about creating peace of mind as you embrace this new chapter.

Why These Moments Matter

Each of these life events carries both excitement and responsibility. As life evolves, estate planning becomes more relevant because it ensures your values and wishes are in place no matter what. These moments help us reflect on what matters and offer a perfect opportunity to talk to loved ones about securing a future that’s built on shared priorities.

Whether you’re retiring, having a child, caring for family, getting married, or navigating life changes, estate planning can help you stay prepared. And just like those times you had to team up with your family to tackle big tasks—like moving out, planning family events, or navigating milestones—estate planning is a process that often works best when everyone’s involved.

Estate planning isn’t just about “someday.” It’s about today’s biggest moments and taking the steps to make sure those moments are protected and celebrated for years to come.

Get started today at GoodTrust!

Use promo code AOLSAVE10 and save $10 by clicking here.

You Own More Than You Think - Estate Planning for Non-Millionaires

Fri, 11 Oct 2024 13:10:45 GMT

GoodTrust highlights the importance of estate planning for everyone—not just the wealthy.

Many believe that Estate Planning has to do with finances and is just for the wealthy, but there is much more to it - and it’s leaving families vulnerable.
It’s time to appreciate all the benefits of what an Estate Plan can do for you, no matter how much is in your bank account.
Take advantage of National Estate Planning Month to protect your family, assets and legacy.

Think estate planning is only for the wealthy? Think again.

Many people mistakenly believe they don’t need a will or a trust because they aren’t millionaires. This mindset leaves countless families unprotected. GoodTrust, a pioneer in smart estate planning, is using National Estate Planning Month to remind us all: you have more to protect than you realize.

Why Estate Planning Matters

Picture a typical Tuesday evening: You're on the couch, endlessly scrolling through TV channels, your kids are upstairs with their tablets and your partner’s doing dishes in the kitchen. Just another ordinary night, right? But what if tomorrow the unthinkable happened? Who would care for your children? What would happen to your family recipe book and who would adopt your adorable, yet very high-energy, pup?

If you're drawing a blank, you're not alone. And that's exactly why estate planning matters for everyone, regardless of wealth.

Essential Elements of Estate Planning

1. Guardianship: Who's Raising Your Mini-Mes?

Remember that time you left the kids with your in-laws for a weekend and came back to find them hopped up on sugar and sporting questionable haircuts? Now imagine that scenario... permanently.

By naming a guardian in your estate plan, you're not leaving your kids' future to chance. You're ensuring they'll be raised by someone who shares your values. Someone who knows that bedtime is non-negotiable and vegetables aren't the enemy.

2. Medical Decisions: Because "Pull the Plug" Isn't a Great Conversation Starter

None of us want to think about being incapacitated. But if you end up in a medical emergency, do you want your family guessing at what you'd want? By including advance directives in your estate plan, you're saving your loved ones from making difficult decisions during an already stressful time.

3. Asset Distribution: Avoid the Family Feud

We've all got that one relative who'd fight tooth and nail over grandma's chipped teapot. Now imagine that drama multiplied across everything you own. A clear estate plan is not just about giving stuff away – it's about preserving relationships.

4. Digital Legacy: Because Your Online Life Matters Too

Remember MySpace? (If you don't, ask your older sibling.) Well, your digital footprint has come a long way since then. Your Netflix profile, your online billpay, that cryptocurrency you bought on a whim – it's all part of your estate, too.

The "But I'm Not Rich" Myth

Here's the thing: you're wealthier than you think. Along with all the pieces mentioned above, there’s also those family recipes scribbled on index cards, photos stored on your phone, and grandma’s chipped teapot. While they might not have much monetary value, they're priceless to someone.

Estate planning isn't about how much you own. It's about making sure what you do have, goes where you want it to go, your children are protected and that your wishes are respected.

Take Action Now

So next time you find yourself scrolling mindlessly for something to watch on TV, scroll over to www.mygoodtrust.com and start your estate planning journey instead. After all, everyone's got an estate—even if it's not the kind that comes with a butler.

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The 5 Most Overlooked Items in Estate Planning: Are You Missing These Crucial Steps?

Wed, 02 Oct 2024 15:56:18 GMT

Estate planning may not be the most exciting topic, but it’s one of the most important steps you can take to secure your future—and your loved ones'. Most people think of estate planning as simply writing a will, but there are several essential pieces that often get overlooked. Missing these steps can lead to complications, unnecessary costs, and even family disputes down the road. Let’s break down the five most overlooked items in estate planning and why you should address them today.

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1. Digital Assets

When you think of assets, physical possessions like your home or car may come to mind, but what about your digital life? In today's world, many of us have vast digital assets—ranging from email accounts and social media profiles to online banking, digital photos, and even cryptocurrency. If you don't include instructions for these digital assets in your estate plan, your family may face legal hurdles trying to access or manage them.

How to Address It:

Create a "Digital Asset Inventory" that includes login information for your accounts and clear instructions on how you’d like these assets to be managed after you’re gone. Some estate planning services, like GoodTrust, even offer a Digital Vault to help organize and secure these details.

2. Healthcare Directives

While it may be uncomfortable to think about, having a healthcare directive in place is essential for ensuring that your medical wishes are followed in case you’re unable to communicate them yourself. This document outlines what kind of care you do or don’t want if you’re incapacitated, and appoints a person to make medical decisions on your behalf (a healthcare proxy).

Why It’s Important:

Without a healthcare directive, your loved ones could face confusion or even legal battles over your medical care. They may not know your preferences, which can make a difficult situation even harder.

3. Beneficiary Designations

While your will may spell out how your assets should be distributed, it doesn’t cover everything. Many financial accounts—like retirement plans, life insurance policies, and pensions—require you to name beneficiaries directly on the account. These designations supersede your will, meaning that if you forget to update them, assets could go to an unintended person (such as an ex-spouse).

What to Do:

Review your beneficiary designations every few years or after major life events like marriage, divorce, or the birth of a child to ensure they align with your current wishes.

4. Guardianship for Minor Children

If you have young children, one of the most important aspects of your estate plan is designating a guardian who will take care of them if something happens to you. If you don’t name a guardian, the decision could be left to the court, which may not align with your preferences.

How to Plan for This:

When choosing a guardian, consider factors like the individual’s values, parenting style, and financial situation. It’s also a good idea to have a conversation with the potential guardian beforehand to ensure they’re comfortable with the role.

5. Power of Attorney

A Power of Attorney (POA) is a legal document that allows someone you trust to handle financial and legal matters on your behalf if you’re incapacitated. This could involve paying bills, managing investments, or even selling property. Many people overlook this step, but it’s crucial for ensuring your affairs are in order if you’re unable to manage them yourself.

Why It Matters:

Without a POA, your family may have to go through a lengthy and expensive court process to gain control of your finances, which can add stress during an already difficult time.

Take Action Today

These overlooked items can have major consequences if left unaddressed. Estate planning is about more than just dividing up assets—it’s about protecting your digital life, your healthcare decisions, and your loved ones. By including these crucial steps in your plan, you’ll ensure that your wishes are followed and that you’re leaving your family with peace of mind.

Whether you're just starting to think about estate planning or need to update your current plan, now is the time to act. Services like GoodTrust offer comprehensive estate planning tools that make the process easy, ensuring that no important step is overlooked.

Ready to secure your legacy? Visit www.mygoodtrust.com to get started today.

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Estate Planning and The "I'll Do It Later" Problem

Tue, 01 Oct 2024 19:23:21 GMT

Estate planning may not be at the top of everyone's to-do list, but it is essential to protect your assets and loved ones. Surprisingly, AARP found that while 93% of adults aged 50+ believe it’s important to plan for who will receive their assets when they pass away, only 51% actually have a will in place. The most common reason? 61% say they simply haven’t gotten around to it.

So, why do so many people agree that estate planning is crucial, yet fail to take action? And what can be done to bridge this gap?

The “I’ll Do It Later” Problem

Life is busy, and estate planning often feels like something that can wait for another day. For most people, creating a will or managing their estate can feel overwhelming, time-consuming, and overly complicated. That feeling of “I’ll do it later” becomes more common, leading to delays and procrastination.

But here's the reality: delaying estate planning leaves families vulnerable. Without a will, loved ones can face long, costly legal processes, like probate, and even family disputes over assets and responsibilities. This isn't just about protecting your financial assets—it's about securing your wishes for everything, from healthcare directives to who takes care of your pets.

Why Is Estate Planning So Important?

Estate planning isn’t just for the wealthy—it’s for anyone who has assets they want to protect. That could mean a home, personal savings, digital accounts, or even sentimental items like family heirlooms, photos or videos. More than just financial protection, estate planning is about making sure your wishes are carried out after you're gone.

Without a will: - The state may decide how your assets are divided, which may not align with your wishes. - Your loved ones may face lengthy legal battles to determine guardianship of minor children. - Digital assets, like photos, bank accounts, social media accounts or cryptocurrency, could become inaccessible.

Why the Traditional Approach Doesn’t Work for Everyone

Historically, estate planning has been seen as something only necessary for older generations or those with significant wealth. On top of that, the process has often been complicated, involving legal jargon, stacks of paperwork, and hefty legal fees.

For 61% of adults the simple fact that they haven’t gotten around to it suggests that the traditional model of estate planning no longer works for modern life. People need a solution that is quick, straightforward, and accessible.

Making Estate Planning Accessible for All

The good news is that estate planning doesn’t have to be complicated or expensive anymore. Companies like GoodTrust are changing the landscape by offering digital estate planning tools that make the process simple, accessible and affordable for everyone. By using technology, estate planning can be as easy as filling out an online form and securing your assets digitally.

With digital estate planning, you can: - Create a legally binding will, trust or directives in minutes. - Add a digital vault to protect passwords, social media accounts, and important files. - Set up healthcare directives to ensure your medical wishes are honored. - Protect pets with a Pet Directive, ensuring they’re cared for after you’re gone. - Easily update your estate plan as life changes, like marriages, children, or new assets.

The Future of Estate Planning is Digital

With so many people putting off estate planning, it’s clear that a new approach is needed. Digital estate planning is the solution that bridges the gap—making it simple, affordable, and accessible to everyone. Whether it’s protecting your family, your assets, or your legacy, now is the time to take action.

Don’t wait for the perfect moment—your future is worth securing today.

For more information on how to get started with your digital estate plan, visit https://www.mygoodtrust.com and take the first step toward peace of mind.

The Thing No One is Talking About as College Students Head Back to Campus

Mon, 16 Sep 2024 14:51:05 GMT

Know your Rights: Once your child turns 18, they are legally considered as an adult meaning parents lose the automatic right to make medical or financial decisions for them, even in an emergency.
Plan for the Unplanned: As college students head back to campus, having a Healthcare Directive and Financial Power of Attorney can become handy in the event of an emergency.
The Solution: GoodTrust recognizes the challenge of these needs and offers smart estate planning that is easy and affordable.

As summer fades and college students head into a new academic year, they and their parents are busy checking off the typical to-do lists: dorm essentials, meal plans, and textbooks. But there's one major factor that many overlook which can leave them in a challenging position -- planning for the unplanned.

While college is a time of new found independence and growth, it also comes with a set of risks that few parents and students consider. Emergencies, accidents, and unforeseen medical events can happen to anyone – no matter their age.

Why It Matters

Once your child turns 18, they are legally considered an adult. This means that, in most states, parents no longer have the automatic right to make medical or financial decisions for their child, even in an emergency. Imagine receiving a call that your child is in the hospital, only to be told that you can’t access information about their condition or make decisions about their care. It's a frightening scenario, but one that is entirely avoidable with a few simple steps.

Let’s face it, college students have a lot on their plates – classes, new responsibilities and learning to live on their own. With all that going on, it’s easy for things like managing finances to fall through the cracks. Whether it's due to travel, course overload or simply being forgetful, having the ability to step in as needed might just be the safety net they - and you - need.

The Important Documents

To avoid such situations, college students, with the help of their parents, can set up a few essential documents before heading off to school:

1. Healthcare Directive: This document allows your child to choose an individual—most likely you, the parent—to make medical decisions on their behalf if they are unable to do so themselves.

2. HIPAA Authorization: This form gives you the right to access your child's medical records and speak with healthcare providers about their treatment.

3. Durable Financial Power of Attorney: This legal document enables you to manage your child's finances, such as paying bills or handling banking issues when necessary.

“The Talk”

Discussing this topic can feel uncomfortable but having tough conversations is an important part of growing up. Making these preparations ahead of time may just be the thing your child needs as they venture into this new chapter.

“College is a major milestone, and with that comes a shift in responsibility,” says Robyn Sechler, VP Partnerships at GoodTrust “Ensuring that your child is protected, even in the most unexpected circumstances, is a key part of sending them off to school.”

How to Get Started

Thankfully, creating these documents is easier than many people think. Services like GoodTrust offer affordable, comprehensive estate planning solutions, allowing parents and students to quickly set up these essential protections online, without the need for expensive legal fees.

As your child prepares to take on the world, give yourself the peace of mind that comes from knowing they're protected, no matter what happens. By planning for the unplanned, you’re taking an important step that every parent should consider as part of the college preparation process.

As the excitement of the new school year builds, remember to make these preparations a priority. Because while textbooks and dorm decorations are important, nothing matters more than ensuring your child is safe and secure in the face of the unknown.

About GoodTrust

GoodTrust is redefining how individuals and families protect their family, assets and legacies. Supported by forward-thinking investors and in collaboration with major financial institutions and employee benefit providers, GoodTrust is on a mission to democratize estate planning, making it accessible and affordable for everyone.

GoodTrust offers a user-friendly, affordable smart estate planning solution that includes wills, trusts, healthcare directives, powers of attorney and integrates your online life into your estate plan. Our all-inclusive package allows for unlimited updates and has no hidden fees and has plans for the whole family ensuring your assets are protected, your wishes are honored, and your family is taken care of.

For more information on smart estate planning with GoodTrust, visit www.MyGoodTrust.com.

Feel free to adapt this press release as needed for your specific campaign or announcement and reach out for interviews or further information.

Contact:

Robyn Sechler

VP Marketing | GoodTrust

robyn@mygoodtrust.com | 724-980-7091

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