Life Insurance, wills, trusts, and other estate planning documents are of EXTREME importance to have even if you are relatively young.
Having a will and trust is the best combination to have when planning for your estate.
A trust is by far the best thing for your next of kin because it bypasses probate court as well as estate tax which is an astronomical 50%!
The Downside of a Trust is that it only protects what you place inside the trust, it is not overarching like a will is!
So, you should do your best to have everything, that you want to leave behind for your family, be kept safe inside a trust, but just in case you pass away before all the items can be transferred, you should also have a Will with advanced directive as well as power of attorney!
This is so any decisions that need to be made, can be made, even when your unable to make them!
If you’re interested in setting up a will and/or a trust, sign up for Legal Shield,
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