A COMMON MISCONCEPTION

@lawofficekylejones

50.5K followers · usually 39.7K views a post

Views

232.2K

Likes

22.1K

Comments

129

Shares

101

SoundTikTok sound · Inspiring Violins

Promoted product

The Law Office of Kyle Joneshttps://www.instagram.com/lawofficekylejones ↗

Why it worked

The video effectively uses a relatable client story to explain a complex legal concept, addressing a common fear (probate) and offering a clear, actionable solution (commenting for a consultation).

Summary

The video explains the common misconception that wills and trusts are the same, highlighting that trusts, when properly funded, avoid probate, while wills do not. It uses a client's experience to illustrate the costly and time-consuming nature of probate.

Structure

1Introduce common misconception about wills and trusts
2Share client's story of mistaking a will for a trust
3Explain the difference: trusts avoid probate, wills require it
4Detail the drawbacks of probate (time-consuming, costly)
5Offer a consultation for estate planning review

Call to action

Comment "TRUST" below, and my team will reach out to help you schedule a FREE consultation.

On-screen text

Original caption

Many people assume they're protected simply because they have a will. The reality is that a will and a trust serve very different purposes, and understanding that difference can have a lasting impact on your family's future. Estate planning isn't just about having documents. It's about having the right documents. Not sure if your estate plan is set up the way you intended? Comment "TRUST" below, and my team will reach out to help you schedule a FREE consultation. #estateplanning #financialplanning #freeconsultation #estatelawyer #generationalwealth

More from @lawofficekylejones

More breakout videos from this creator.

A COMMON MISCONCEPTION A LOT OF MY CLIENTS HAVE WILL TRUST ARE ESSENTIALLY THE SAME THING AND IN FACT, THAT COULDN'T BE FURTHER FROM THE TRUTH SO RECENTLY I HAD A CLIENT CALL IN TO SET UP A HAD A FATHER RECENTLY PASS THE PURPOSE OF THE CALL WAS TO "ADMINISTER" WHAT HE THOUGHT WAS A TRUST AND WHEN THE CLIENT CAME IN WITH THE DOCUMENTS IT TURNED OUT THAT HE DID NOT HAVE A TRUST IN BUT RATHER A AND UNFORTUNATE CONVERSATION OF THAT WILL NEEDED TO BE PROBATED INSTEAD OF WHAT HE TO BE SIMPLE TO BE SIMPLE TRUST ADMINISTRATION A TRUST A TRUST WHEN PROPERLY FUNDED MEANING PROPERLY OWNING TITLES OR ASSETS DOES NOT HAVE TO GO THROUGH A PROBATE PROCESS VS A WILL A WILL DOES HAVE TO BE LODGED WITH AND GO THROUGH THIS PROBATE PROCESS THE PROBATE PROCESS THE PROBATE PROCESS CAN BE BOTH TIME-CONSUMING AND COSTLY OR NOT YOUR ESTATE PLANNING DOCUMENTS ARE IN FACT THE ONES THAT YOU PLEASE COMMENT "TRUST" AND WE'LL WALK YOU THROUGH THE STEPS

Transcript

A common misconception a lot of my clients have is that a will and a trust are essentially the same thing. And in fact, that couldn't be further from the truth. So recently I had a client call in to set up a consultation who, unfortunately, had a father recently pass away. The purpose of the call was to "administer" what he thought was a trust. And when the client came in with the documents, it turned out that he did not have a trust in place, but rather a will. And that led to an unfortunate conversation of that will needed to be probated instead of what he thought was going to be simple trust administration. A trust, when properly funded, meaning properly owning titles or assets, does not have to go through a probate process. Versus a will, a will does have to be lodged with the court and go through this probate process. The probate process can be both time-consuming and costly. If you're not sure whether or not your estate planning documents are drafted correctly, in fact, the ones that you want, please comment "TRUST" and we'll walk you through the steps.