Morris Hall, PLLC

Estate Planning Attorneys

MakePayment with multiple options
CALL NOW: 1 (888) 222-1328
  • Home
  • Our Firm
    • About Morris Hall
    • Attorneys
    • Our Team
    • Morris Hall Core Values
    • Communities We Serve
      • Arizona
        • Carefree
        • Flagstaff
        • Mesa
        • Oro Valley
        • Phoenix
        • Prescott
        • Scottsdale
        • Sedona
        • Tucson
    • Career Opportunities
  • Our Services
    • Asset Protection
    • Probate
    • Tax Planning
    • Trusts
    • Trust Administration
    • Wills
  • Resources
    • Blog
    • Do I Need an Estate Plan?
    • Elder Law Reports
    • Elder Law Resources
      • Phoenix Elder Law
      • Tucson Elder Law
    • Estate Planning Problems
    • FAQs
    • Probate Resources
      • Probate
      • Flagstaff Probate
      • Phoenix Probate
      • Sedona Probate
      • Tucson Probate
    • Published Books
      • Don’t Go Broke in a Nursing home
      • Tax Free Money for Long-Term Care!
    • Recent Law Changes and Improvements Affecting Arizona
      • Update My Living Trust
    • Reports
    • Videos
    • What to Do When Death Occurs
      • What Not To Do When Someone Dies
      • Who To Contact After A Loved Ones Death
  • Reviews
    • Testimonials
    • Review Us
  • Locations
  • Events
    • Seminars / Webinars
    • Past Webinar Recordings
  • Contact
    • Consultation Policy
    • Contact Us
    • Discounts

Betting It All on Black. Where has all of the money gone?

October 10, 2013 by Morris Hall, PLLC Leave a Comment

Every day, thousands of people find themselves in a position where they have lost their life savings, or a big portion of it, and no longer have that nest egg they worked so hard to accumulate.  You may be thinking this could never happen to you because you are careful as you never squandered what you worked so hard to accumulate during your life. You certainly didn’t take your life savings to Las Vegas and lose it gambling.  Most of us are careful with our money, so how can this be possible?

Unfortunately, there are too many ways this can happen.  Businesses fail, taking personal wealth with them – gamblers bet it all on black and don’t always win.  That “for sure” stock does not end up giving you the return you had hoped for. These are just a few ways a person can lose his or her personal wealth in a very short amount of time.

Have you ever thought that not having an estate plan could cost you your savings as well?  But that is just what can happen.  You are taking a gamble with your hard earned savings by not protecting it with an estate plan.  Without a properly drafted and executed estate plan, a big chunk of your money could end up being spent on lawyers, court costs, creditors and taxes.

And did you ever think you also might inadvertently end up leaving something to that long lost cousin you didn’t like?  Having no plan (or even a will) guarantees your estate, and all you have in it, will go through court where anyone can come in can lay claim to your wealth in this public forum—including that cousin.  It will be up to the court and state laws to decide who will receive your funds.

At least by putting it all on black, you made the choice of where your money should go. But without a proper estate plan, you don’t have any say in where your hard earned assets go.  Don’t gamble with your life savings.  Having an MH estate plan will help protect it and pass it on to the ones you love the most.

To schedule a FREE initial consultation with an MH attorney, contact us today at 888.222.1328.

This blog should be used for informational purposes only.  It does not create an attorney-client relationship with any reader and should not be construed as legal advice.  If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.

  • Author
  • Recent Posts
Morris Hall, PLLC
Morris Hall, PLLC
Morris Hall, PLLC
Latest posts by Morris Hall, PLLC (see all)
  • What Is a Senior Life Settlement? - January 27, 2023
  • Most Used Estate Planning Documents - January 26, 2023
  • How to Help Older Parents from a Distance - January 24, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

MH logo

Main Office

7600 N 16th St, Ste 105

Phoenix, AZ 85020

Phone: 602-249-1328

Fax: 602-248-2887

Subscribe to Our Newsletter

For a sample Click Here

Offices

Our law firm proudly serves many areas in Arizona. See all of our locations here.

Our law firm proudly serves the state of Arizona.  See all of our locations here.

Toll Free: 888-222-1328

Mon-Thur: 8:00am – 5:00pm
Fri: 8:00am – 4:00pm

  • Linkedin
  • Twitter
  • Facebook
  • Youtube
  • Instagram

Need an Estate Planning Lawyer in Arizona?

Looking for an estate planning attorney near you? We have office locations in Phoenix, Mesa, Chandler, Scottsdale, West Valley, Carefree, Prescott, Sedona, Flagstaff, Tucson, and Oro Valley in Arizona so please visit us at the location that is closest to you.

  • © 2023 American Academy of Estate Planning Attorneys, Inc All rights reserved.
  • Disclaimer