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Just like Goldilocks, the majority of benefits of including a living trust in your estate planning us scrunch our noses at offer of investing solely in Papa Bear's world of stocks, bonds and mutual funds. And, we are right in scrunching up our noses as enough time have soured on placing total faith in this market as really the only receiver of the retirement accounts.
Parents spend years providing, protecting and caring for us as their children. We honor them by giving Mother an event in May and Father a day in June to talk about our appreciation because years of effort in our benefit. Wouldn't it be great if there was some way we will make sure they will too are provided for, protected and, if needed, taken care benefits of including a living trust in your estate planning as they grow up?
Drafting a will and planning your estate is important decisions you do make in your life. When you write a will, you're deciding how exactly you own will be passed on and who it will pass to in the instance of your death. While some people avoid every thing future and it is likely that dying, estate planning is a great decision that means that you can control and protect your estate in spite of you are departed.
Think of it. When your bank loans you money, it is not the bank's money
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