11/23/2017

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Living Trusts and Wills

Always Be Prepared
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Always Be Prepared

You can control your assets, even after you die.

There is no way to know everything that is going to happen tomorrow but you can put together a plan that will give you a certain amount of control over your assets, even if you are not personally here to oversee them.

A lot of people don't even want to talk about wills or family trusts, let alone having one prepared because they see them as precursors to death. But as many of us have learned the hard way, you should always be prepared for anything life has to offer, including death.

You should take the necessary steps to ensure that your assets and your family are protected in the event you die, develop mental illness, Alzheimer, dementia, or suffer an injury that leaves you mentally impaired.

Life is full of unexpected twists and turns and you can never know what fate has in store for you at any given time. It doesn't matter how old you are, how strong your are, how smart you are, or how you live your life. Things happen and life altering events can take place at the blink of an eye.

The fact is that most people start accumulating assets at a young age and this continues throughout their lives. There is an old saying that goes "when you die, you can't take it with you." This is true, but you can arrange to have your money and assets distributed the way you want them to be.

Having a will or living trust drawn up is the smart thing to do. You should have a will or trust, even if you don't have a lot of money or assets. The best way to avoid having a court decide your wishes and having the government tax your estate is through the use of trusts, wills, and various powers of attorney.

If something happens to you, the implementation of a will or family trust can make things easier on your family. You can dictate how your assets, such as your money, home, farm, furniture, clothing, cars, and other investments can be distributed in a way that you decide is best.

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