7 Steps to Creating an Estate Plan For Life

estate plan

Many people fail to create an estate plan because they don’t truly understand what is involved and therefore believe it is too complicated. But the real truth is that creating an estate plan during your lifetime is far less complicated (and less expensive) than what your family will deal with after you are gone, if you don’t:

1. Create a Trust. When most people think of preparing for the end of life, they think of writing a Will. But having a Will without a Trust is a fast track to putting your family in the Courthouse after you’re gone. Instead, to keep your family out of Court, you’ll want to set up a Trust and title all of your assets to be owned by that Trust. While it might feel like a lot of effort up front, it will save your family a LOT of trouble after you’re gone, and it only takes a couple of days to gather the necessary statements and financial information. Plus, a lot of my clients have stated that putting all their financial information in once place that was easily accessible was something that had been on their “to-do list” anyways!

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Does the Land Patent Mean You OWN the Land Absolutely?

Can the Land Patent Help You Stop Property Tax Bills Lawfully?

The government gave away land as a benefit to the people and in accordance with the Constitution of America. But how it is in reality? Unfortunately, people know very little about either Land or their land rights today. Alan Kreglow tried to explain the whole concept of “land patents” and “property taxes” in his article entitled: Regain control of your land through a Land Patent process.

According to the History, the Treasury Department under President George Washington issued Land Patents granting absolute ownership of unclaimed lands within the states. That patent was a contract between somebody and the United States, which is superior to any other claim on the property. Alan Kreglow says, these Land Patents represented absolute ownership, including both appurtenant rights and hereditary rights:

1) the intangible Land (boundaries from center of the Earth out):

2) the tangible Real Estate (dirt, trees, etc.).

All together is known as “Allodial Title”.

Alan Kreglow claims that “Landowners” do NOT pay property tax. You pay, if you hold title by recorded deed. In this case you own “real estate” (appurtenances to the land), but in law, real estate is not “Land” (the boundaries themselves and all the empty space inside the boundaries). You are just a “tenant” on the land, not an owner, because the land patent is not accepted, what means that the OWNER of the land is missing.

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