Will or Trust or Both?
Faith & Finance with Rob West
Did you hear about the guy who had major trust issues? Yeah, turns out his parents didn’t leave him one. Kidding aside, not everyone needs to have a trust in their estate plan. But everyone needs at least a will. And some folks might need both. We’ll go over the “whys” and “wherefores” today on Faith and Finance.
Show Notes
WILL BASICS:
- A will is a simpler document that names an executor and beneficiaries.
- It must go through probate court and becomes public record, potentially delaying heirs' access to assets.
- Drafting a will through an estate attorney is recommended to minimize probate delays, typically costing around $500.
TRUST BASICS:
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