It’s Friday, so it’s time for this week’s reader-submitted Q & A. If you’d like to submit a question, click here for more information or simply email a question.
My wife and I own one home and the deed is in her name. We recently formed a Revocable Living Trust and I have been pricing [...]
You: Trusts aren’t for me–they’re for rich people, right?
Many people assume trusts are only for the extremely wealthy. And while there is certainly a place for trusts among the affluent, a revocable living trust makes sense for many people living a typical middle-class lifestyle.
You: How so?
A trust provides for a cleaner passing of your [...]
. . . that your heirs are going to be happy that you did not have one.
You: But I’m in my late twenties and no one is going to confuse me with a Rockefeller. What’s the rush?
Even if you aren’t likely to die with a large sum of money, a will can [...]