WHAT IS THE DIFFERENCE BETWEEN A WILL AND A LIVING REVOCABLE TRUST?
• A will designates where your assets go upon death. But sometimes you need someone to make these decisions when you get sick. This is why you need a living revocable trust. • You can appoint yourself as the trustee when you are well and a successor trustee if you become incapacitated. • This makes it easier to get money to your beneficiaries without going through probate court, which can take between 6 months and two years. • A living revocable trust with an incapacity clause will cover all of the bases. GUARDIANSHIP Suze Says: If you cannot agree on guardianship for your child, you will be leaving that decision to the state. The state will assign someone to care for your child. Be smart and make that decision before it is too late. There are different types of guardians who will oversee your child’s life. One type will decide where your child will live, what religion he or she will practice, where he or she will go to school, what medical treatment he or she will receive. Another typ
