How Do You Know If A Will, Living Will, Or Living Trust Is Needed?
There are many differences between a will, living will and living trust. Each document is used for a specific legal purpose and is vital for estate planning. Many people don’t like the idea of writing a will or thinking about death. It reminds them of their own mortality, and that can be a bitter pill to swallow. But at the end of the day, you have to protect your loved ones and make sure they are provided for properly. You also have to protect your assets and make sure your family is not burdened financially if you pass away or are not in a position to make decisions for yourself. That is where these documents come into play. Determine which one of the three documents you will need depending on your circumstance. Look at each option and decide which one fits your personal needs. You may need one or more of the three options depending on your situation. Research and evaluate information about a will and determine its necessity based on your personal situation. A will is a legally bindi
