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BACKBONE RECORDS
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You generally still need a will, even if you have a trust. While a trust can manage and distribute assets, a will can handle assets that aren’t in the trust and can also address important matters like naming guardians for minor children. Here’s why you might need both: ➡️Pour-Over Will: A will can act as a “pour-over” will, directing any assets not already in the trust to be added to it upon your death. This ensures that everything is handled according to your wishes. ➡️Non-Trust Assets: A will can cover assets that are difficult or impractical to put into a trust, like retirement accounts, medical savings accounts, or vehicles. ➡️Guardian Designation: If you have minor children, a will can designate a guardian to care for them if you pass away. ➡️Other Instructions: A will can also contain instructions for debts, forgiving debts owed to you, and other specific wishes that a trust might not address. ➡️Backup Plan: Having both a trust and a will provides a backup plan in case something goes wrong with the trust, like if you forget to transfer an asset to it. It’s never too late—or too early—to protect your family’s future. Start now by creating a last will and testament that will ensure your assets stay in the hands of those who matter most. #willsandtrusts #estateplanning #livingtrust    Disclaimer: My content is for educational purposes only, it is not legal or tax advice. Always consult the appropriate professional licensed in your state before making any decisions. I may earn affiliate commissions from any links mentioned.#Adoteumhabitinho
You generally still need a will, even if you have a trust. While a trust can manage and distribute assets, a will can handle assets that aren’t in the trust and can also address important matters like naming guardians for minor children. Here’s why you might need both: ➡️Pour-Over Will: A will can act as a “pour-over” will, directing any assets not already in the trust to be added to it upon your death. This ensures that everything is handled according to your wishes. ➡️Non-Trust Assets: A will can cover assets that are difficult or impractical to put into a trust, like retirement accounts, medical savings accounts, or vehicles. ➡️Guardian Designation: If you have minor children, a will can designate a guardian to care for them if you pass away. ➡️Other Instructions: A will can also contain instructions for debts, forgiving debts owed to you, and other specific wishes that a trust might not address. ➡️Backup Plan: Having both a trust and a will provides a backup plan in case something goes wrong with the trust, like if you forget to transfer an asset to it. It’s never too late—or too early—to protect your family’s future. Start now by creating a last will and testament that will ensure your assets stay in the hands of those who matter most. #willsandtrusts #estateplanning #livingtrust Disclaimer: My content is for educational purposes only, it is not legal or tax advice. Always consult the appropriate professional licensed in your state before making any decisions. I may earn affiliate commissions from any links mentioned.#Adoteumhabitinho

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