While there’s no harm in living in the moment, planning your finances ahead of time will be beneficial in the long run—especially estate planning. Do you know what will happen to your assets after you pass away? It can be a long and painful process if handled incorrectly, so that’s why The LaMon Team is here to help you keep your assets in line.
A living trust is one of the most popular ways to manage your estate both before and after you pass away. But what is a living trust? How does it differ from establishing a will? Here are some details about living trusts and how they can benefit your estate planning.
As you can see, there are many benefits to establishing a living trust to protect your assets. Crafting a will is beneficial if you are not married or don’t have a variety of assets, but adding a living trust to your plan offers greater flexibility and the opportunity to keep personal property within the family tree.
If you are considering setting up a living estate, The LaMon Team would be happy to connect you with a financial planner. Rules regarding living trusts can vary by state, and we have local connections who will guide you through the estate planning process.
We helped you obtain your home, now we want to see you keep it. Prepare your living trust today!
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