Like many people, you might think that having a living trust is not necessary for you or your family. Perhaps you think that your total net worth is too small, or that there is no reason to be concerned because you have written a will. Ask yourself the following questions:
Will anyone take care of you if you were seriously ill or incapacitated?
- Do you have children or other dependents?
- Do you and your spouse or significant other carry life insurance?
- Do you own your own home or other property?
- Do you want to set aside funds for retirement?
- Do you need to provide for your children or grandchildren’s educations?
- Do you expect to inherit other assets?
- Do you own real estate or other income producing assets?
- Do you own a family or closely held business?
- Do you travel frequently?
If you answered “Yes” to any of these questions, you should consider having a living trust to protect and properly transfer your assets, and to avoid the costly and unintended consequences of probate. Please contact our office for a consultation if you would like to find out more about protecting and preserving your family’s financial future.