Is having a trust/will for the wealthy?
HECK NO! Having a trust and a last will and testament is for everyone. 3 reasons why it is for everyone below: 1. If you have any property and/or money in an account, without having either instrument can prolong your estate. 2. Having these instruments aren’t about the amount. 3. The general purpose of these instruments is to leave those who rely on the decease some type of security. We all may know of Takeout, the rapper. Essentially, he died without having a will and last will and testament. And due to the lack of this instrument, his parents are fighting over the estate. So not having these documents in place may cost your estate a lot of money. So how do you setup last will and testament? 1. Do an inventory of all property, funds, personal objects, etc. 2. Record who y...