Who likes to talk about death? Or estate planning? Or trusts? Well, status-oriented people, financial advisers, and distant relatives, all like to talk about trusts, but not many other people do. So, if you were to talk about death or estate planning, what do you need? (Pro Tip: you probably do not need a living trust, but I’ll address that in more detail below). When I say ‘you’, I mean the 90% of people only need simple estate plans: a will, power of attorney, health care directive, and if you own real estate, then a transfer on death deed for each piece of real estate you own.
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Author: Dubs Herschlip