Why a Living Trust Is Better Than a Will

In this episode of Retirement Success, Todd "MJ" Schnitt joins Steve and Elizabeth Holland to break down the key differences between a living trust and a will, explaining why a trust is often the better option for retirees.They cover:✅ Avoiding probate – How a living trust helps you bypass the costly and time-consuming probate process.✅ Asset control – Why a trust gives you more control over distributions while you're alive.✅ Privacy protection – Unlike a will, which becomes public record, a trust keeps your estate matters private.✅ Protecting beneficiaries – How to set up special needs trusts and safeguard assets from creditors.✅ Common estate planning mistakes – What happens when people assume telling a child their wishes is enough.The Hollands also debunk the biggest misconception about trusts: that they are only for the ultra-wealthy. They explain why the "Millionaire Next Door"—anyone with real estate, investments, or multiple assets—can benefit from a trust.If you have questions about wills, trusts, or how to structure your financial future, contact the Holland Group Retirement Wealth Advisors at (727) 295-3451 or visit AskTheHollands.com.