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WILLS AND TRUSTS VIDEOS
WILLS AND TRUSTS VIDEOS
Transcript: It’s it done properly, a living trust avoids probate because all of your assets are owned by the trust instead of in your name individually. The reason we have probate is because we die and an asset is still in our name, and we have to put it into the name of a living beneficiary. The living trust avoids all of that because we do that in advance and then when we pass away, the trust can then distribute the asset to whoever we want to have it.
Transcript: If you have minor children, one of the most important reasons for having a will is to specify guardians. Guardians are the people who will actually raise your kids. You want to think about who has the same values, who has the same perspective on education, on religion, on medical care, all of those core things that make you and your family who you are. The only way to give direction to the court if you pass away is in a will. So if you do a will for no other reason, specify who will raise your kids. That’s important.
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