Craig Allen: Do I Need a Will or a Trust?

Craig Allen: Do I Need a Will or a Trust?

When clients ask me if they need a will or a trust, my answer is always the same, regardless of the client’s circumstances: Yes, absolutely! Everyone, regardless of age, employment status, family status, assets and income — yes, everyone — needs a will and a trust. One serious challenge we all will face when we pass on is the probate process. Probate is the court process through which a deceased person’s estate will be distributed, either accord…

Trust vs. will: Which is better for your estate plan?

Wealth Enhancement reports on the estate planning debate between trusts and wills, highlighting that both serve unique purposes and can complement each other.

The Great Wealth Transfer Is Really a Trust Transfer

The $124 trillion Great Wealth Transfer poses a major challenge for financial services beyond managing the assets themselves. Thrivent’s Terry Rasmussen argues that wealth may transfer from one generation to the next, but trust and financial relationships must be earned anew.

DAL Law Firm: Trust vs. Will: What’s the Difference? - The Waterland Blog

DAL Law Firm: Trust vs. Will: What's the Difference? One of the most common questions we hear from clients is, "Do I need a will or a trust?" It's a great question, and the answer is that it depends on your goals. Many people assume a will and a trust accomplish the same thing because both are estate planning documents. While they do share some similarities, they actually work very differently. Understanding those differences can help you make t…

DAL Law Firm: Trust vs. Will: What's the Difference?

DAL Law Firm: Trust vs. Will: What’s the Difference? One of the most common questions we hear from clients is, “Do I need a will or a trust?” It’s a […] The post DAL Law Firm: Trust vs. Will: What’s the Difference? appeared first on The B-Town (Burien) Blog.