Episode 60: Take Control of Your Financial Life - Part 12 "Do You Need a Will or a Trust?"

More than 60% of Americans do not have a will, including parents with children under 18! People don't understand what might happen if they die prematurely.  Or they are hesitant because they just don't know what they need or how to get a will or trust.  We hope this podcast will encourage you to put this on the top of your to do list. Key takeaways: Getting a will or trust is one of the most crucial aspects of a solid financial plan. Even a simple will identify your wishes for who will take care of your minor children. Without a will, a judge is left to determine what happens to your assets.  With a will, your heirs will still go through probate court. Trusts may be a better option for you.  We have described the basic differences in this podcast