Do I Need a Will and a Trust?

June 8, 2016

This depends on your assets and your goals.  While you should have a will, a living trust requires that you transfer assets to a trustee while you are living, and this person can be yourself.  Even if you have a living trust, you should have a will to cover the assets that are not placed in your trust.  It is best to speak with a lawyer if you have specific wishes for your property when you die or have a complicated estate.  Consulting with a professional is the best way to help you decide whether to place assets in a trust and, if so, what kind of property can be placed in a trust. 

 

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