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Home / Estate Planning / One Advantage to a Comprehensive Estate Plan – Privacy

One Advantage to a Comprehensive Estate Plan – Privacy

October 1, 2012

Estate Planning Tagged With: Estate Planning, privacy, probate

Did you know that well known news anchor Peter Jennings was worth $50 million when he died and that his fourth wife received half of his estate pursuant to a prenuptial agreement? Do you want to know how much Whitney Houston as worth when she died or who she gave her money to? If you are curious, you can find out soon when her Last Will and Testament is made public. If you don’t like the thought of your estate details being made public when you die, you may want to consider adding an estate to your estate plan.

Although there are many reasons why Houston and Jennings should have created a more comprehensive estate plan than simply relying on a Will, the very public nature of using nothing more than a Will is one of them. People often do not realize that probate documents are public record, meaning that anything filed pursuant to the probate of an estate can be accessed by any member of the public just by asking. In other words, your Last Will and Testament will be public record.

One simple way to avoid the entire world knowing how much you were worth when you died or who you left your assets to when you died is to include a trust in your estate plan. Aside from the many other benefits to a trust, one benefit is that trusts do not go through probate, meaning that the contents of a trust agreement are not made public. Talk to your estate planning attorney if you prefer to keep the details of your estate private.

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Paul Gantner
Paul Gantner
I am an owner of Amen, Gantner & Capriano, Your Estate Matters, L.L.C. I have been able to bring my business and legal education and experience into a firm that has for many years provided comprehensive estate plans that meet clients’ needs and expectations.My passion has been creating and constantly pushing AGC’s mission of “Helping Families Secure their Legacies by Embracing them into the Law Firm Family through Long-term, Personal Advisory Relationships.”
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Filed Under: Estate Planning Tagged With: Estate Planning, privacy, probate

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About Paul Gantner

I am an owner of Amen, Gantner & Capriano, Your Estate Matters, L.L.C. I have been able to bring my business and legal education and experience into a firm that has for many years provided comprehensive estate plans that meet clients’ needs and expectations. My passion has been creating and constantly pushing AGC’s mission of “Helping Families Secure their Legacies by Embracing them into the Law Firm Family through Long-term, Personal Advisory Relationships.”

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