Will or Trust?
Which is better, a Last Will and Testament or a Revocable Living Trust?
In this episode, we go 10 rounds in the ring to find out which estate plan is the heavyweight champion. We’ll cover the punch by punch scorecard, and see which legal document weighs in as the best to protect you, your assets, and your loved ones. We’ll take a specific look at 10 big estate planning factors and declare a winner each round:
- Setup cost
- Ease of Changes
- Ease of Understanding
- Allocation and Distribution
- Estate Settlement Costs
- Estate Settlement Time
- Privacy
- Maintenance Costs and Time
- Ease of Contesting an Estate Plan
- Settlement Agent Hassles
So which one comes out on top? While it’s not a knockout or a unanimous decision, there is a clear winner. #probate #livingtrust #revocablelivingtrust
Watch the YouTube version here.
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