A Simple Will Or A Revocable Living Trust?

choose-between-a-simple-living-will-or-a-revocable-living-trust

Got asked this very important yet a very meh question (estate planning anyone?) so thought we should write this up and share it with y’all. And you want to take care of this stuff to do right by your family to make sure that they have one more (besides life insurance of course) less thing to worry about after you are no more.

So how do you record what happens to your estate and your kids post you? Could you get by with a simple will or do you need some kind of an elaborate trust? Well, it depends and the table below highlights all the reasons you should have a will and in some rare cases, a revocable living trust.

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That would do it. If you still need help deciding, let us know.

Happy Planning.

Image credit – Michael Knapek, Flickr