We Are Facing The Biggest Economic Shit-Show in Decades.

Given what’s going on in the world today, women need both a solid plan and sound advice on how to financially THRIVE. This article is here to set you straight and get you started.

Even in the best economy, you should have your affairs in order. Controlling what’s going to happen to your loved ones and your assets if something goes wrong is always a smart strategy. In this economy, it’s vital AF.

You should take every effort to protect what you worked for and everything that brings you pride: your family, home, assets, and legacy. Here’s the reality: if you do nothing about the future, it will be decided for you. And as a strong Nasty woman, that’s unacceptable.

If God forbid, uncertainty hits and you pass without a plan in place, expect the following doomsday scenario:

  • Your home and all other real estate go to probate court for years while maybe tens of thousands of dollars are wasted from your estate plus upkeep, maintenance, insurance, and taxes. Worse, it can’t be sold without a judge’s approval until the case is closed, often taking years.

  • A judge who has never met you decides who is best fit to raise your children despite who you designate as guardian in your will.

  • All your assets and debts are published so your creditors can bring a lawsuit against your estate and duke it out against your loved ones in litigation.

  • Your kids receive a windfall inheritance the day they turn 18, an age with a reputation for poor long-term planning and irresponsible decision-making.

  • Your ex brings an inaccurate claim against the estate stating you promised to make him your executor and that he should manage your assets since he’s the father of your children.

These are all possibilities and HAVE happened to many an unprepared woman. But it doesn’t have to be your reality.

YOU can decide who gets what, when they get it, and place as many restrictions on anyone receiving your hard-earned savings. You can keep your cash, kids, and real estate out of expensive and undesirable probate court. You have that power, my friend.

This is one single easy answer to all of these issues and it’s called a trust. Here are three reasons you protect your money.


REASON 1: Keep Your Cash Out of Court

The media, online legal template providers, and some generalist attorneys mistakenly lead us to believe that if we have a will when we die, we control how our home, cash, and other assets are distributed. They say that by naming a guardian in our will to raise our kids, we are guaranteed that person will become the legal guardian. That is 100% incorrect. If you pass with a will, but no additional steps are taken, the demise of your assets (guardianship of kids, distribution of cash, and ownership of real estate) all MUST be through probate court for a judge to make all decisions.

How do you avoid this? Re-title all of your assets (including real estate) into a trust and name beneficiaries on death (BOD) or payable on death (POD) on all accounts so there is nothing to probate.


REASON 2: Prioritize Your Children

If you don’t create a trust and assets are not named with proper BOD and POD and something happens to you while your kids are young, they will receive a windfall inheritance. Kids who receive such inheritances at a young age often derail their future with poor life decisions. This is yet another reason to set up a trust. By doing so, you can put conditions on payouts and set ages, stages, and life events that facilitate distributions that lead to success.


REASON 3: Ensure Your Word is Final

Trusts can also be established to protect assets while you’re living and thriving. Many women are using trusts in lieu of pre-nups. That’s because they are far more effective and more courts are upholding them. The problem with pre-nups is that there is almost always an argument to be made for duress and they require the signature of the fiancé’. Both parties must agree.

A trust can be established, and assets can be transferred to the trust without the permission or even the knowledge of the fiancé’. Therefore, the argument for duress is eliminated. In the event of divorce, when assets are being divided, assets that were put in trust may not be included when determining the equitable division of marital property. Smart, right?


Now you have the abbreviated version of the three reasons to start a trust and to guard your assets. Legacy lawyer, author, asset, protection specialist, and Nasty Woman Lisa Haster shares with us a comprehensive guide. To download it, go here and submit your email. You earned this.

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