Alright, y'all, Shannon Ligon from PrettySMART Law here, and I've been digging into this Trust & Will 2025 Estate Planning Report. Let's break down the key findings, real talk.
First off, let's get the big picture: This report's saying estate planning ain't just for rich folks anymore. It's becoming a "must-do" for everyone, especially with how life's changing.
Here's what caught my eye, in my lawyer-meets-your-best-friend lingo:
* "The Rise of Digital Assets":
* Okay, this one's huge. They're saying people are finally waking up to the fact that your Instagram account, your crypto, your online business – it's all assets.
* My take: Y'all, this ain't your grandma's will. We're talking digital footprints, folks. If you don't plan for this stuff, it could vanish like a Snapchat story.
* It is about time people are thinking about this.
* "Family Dynamics Are Shifting":
* Blended families, chosen families, you name it. The "traditional" family ain't so traditional anymore.
* My take: This means your estate plan needs to be flexible. Forget those cookie-cutter wills. You gotta customize it, especially if your family tree looks like a modern art piece.
* It is very important to make sure that the proper people are named in the will.
* "Increased Awareness, But Action Lags":
* People know they need an estate plan, but they're still procrastinating like it's Monday morning.
* My take: This is where I come in, y'all. Stop with the "I'll get to it later" excuses. Life happens, and it happens fast. Don't leave your loved ones in a mess.
* This is the biggest problem I see. People know they need it, but they don't do it.
* "DIY vs. Professional":
* Folks are trying to DIY their wills and trusts, but they're also realizing it's not as simple as building IKEA furniture.
* My take: Look, I'm all for saving a buck, but estate planning ain't the place to cut corners. One tiny mistake can invalidate the whole thing. Get professional advice, even if it's just a consultation.
* DIY is good for some things, but not for something as important as this.
* "The Importance of Updating":
* Life changes, and so should your estate plan.
* My take: Don't set it and forget it. A new baby, a divorce, a major purchase – these are all reasons to revisit your plan.
* This is another very important step that many people forget.
Bottom line:
This report is a wake-up call. Estate planning isn't just for old money; it's for everyone with a life, a family, and digital assets.
My advice:
* Read this report. It's good info.
* Don't wait. Get your estate plan done.
* Get professional help. Don't gamble with your future.
* Update your estate plan.
Keep it smart, keep it pretty, and keep your legacy protected! If you need help with your Will trust or estate planning, please contact us at www.prettysmartlaw.com