Question: “Do I need a Will or Living Trust? I hardly have an estate!”
Answer: You don’t need to have a lot of real estate or millions of dollars to need a will or trust. Your estate consists of everything you own at the time of your death, including your home, personal property, bank accounts, investment accounts, and interests in a business. Some people want simple wills and others want living trusts for various reasons. If you die without a will or living trust, state intestacy law will govern how your assets are distributed, and your state’s intestacy law may not provide for what you want.
What is a power of attorney? What is a living will? The other reason estate planning is important is to make your choice legally binding of who can handle your financial affairs in the event you are incapacitated and make healthcare decisions in the event you cannot communicate — in other words, complete your durable power of attorney and healthcare power of attorney. You may also want a living will which speaks your decisions as to life support.
Let iWillandTrust allow you to create your entire estate plan, attorney-reviewed and customized, for one reasonable flat fee by clicking Begin!