Do you know if your will is enough to achieve your objectives when you pass or are incapacitated?
The fact of the matter is there are hidden risks to not having a comprehensive estate plan for your legacy. Many believe that trusts only exist for the ultra-wealthy, but in reality, if you have minor children, a child with special needs – you probably need a trust.
Trusts are there while you’re alive if you are incapacitated and also when you pass away. While you’re alive, the trust functions as you. In other words, if you’re incapacitated and can’t make final decisions on your own, the trust ensures you still have a successor trustee in place to carry out your wishes.
Having a proper estate plan can help you and your family avoid probate, navigate complex financial issues with ease, and turn the focus back to your family in difficult times.