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WAW066: Living Will and Trust and Why You Need One
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WAW066: Living Will and Trust and Why You Need One
Hello everyone, we here at A Word About Wealth hope you and your families are doing well and continue to stay safe in these turbulent times.
This is a rather morbid topic, but what happens to your money when you die? Does it go to your family? Does it go to your favorite charity? Or does it go to the government? If you don’t have a living will, you are basically giving up that right to decide where your money goes. In this episode, find out how a living will and trust is necessary to protect your assets and your family.
As always, if you have any questions, comments, or topic recommendations, please email us at awordaboutwealth@gmail.com. Subscribe to future episodes of “A Word About Wealth” as we strive to deliver financial entertainment to the masses.
References:1. Living Will - www.legalzoom.com/knowledge/living…is-a-living-will
2. Trust - simple.wikipedia.org/wiki/Trust_law
3. Beginne’s Guide to Trusts - www.thebalance.com/what-is-the-def…a-trust-3505391
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