Theodore London

Nearly 70% of African Americans have NO estate planning. This eliminates the possibility of transferred wealth between generations and its extremely costly, time consuming and stressful. Without an estate plan, your assets and family end up in Probate court. "According to studies, probate costs surviving families a collective $2 billion annually—including more than $1.5 billion in attorney fees. Dying intestate (passing away without a valid will) not only blocks the transfer of wealth; it can leave a crippling financial burden to your heirs." – Earl G. Graves Sr. is the Founder and Publisher of Black Enterprise.

Did you know all the details of your home purchase are available online? Anyone can find out almost anything about your private information. Closing your real estate purchase in a land trust, whether residential or commercial, will prevent hackers, scammers and house hunting enthusiasts from digging into your personal finances. Closing your home in a land trust allows you the freedom to decide who gets your home when you pass on as well as keep your financial information off the interest. With all the misinformation about Wills, a land trust is the safest and most affordable option for your family.

Estate planning means future generations will not have launch their businesses, or to finance the growth of businesses without financial security. It means lessening our children’s and grandchildren’s dependence on student loans. It means providing the resources necessary to support the community and maintain our communities.