| Why You Also Need a Trust Don't Make Dying Harder Than It Needs to Be By Suze
Orman I know this isn't going to win me any awards for being Suze Sunshine, but we need to talk about death. Yours. More to the
point: I want to talk to you about what you need to do now so that when you die your family and friends have an easy time
making sure your wishes are carried out. And if you follow my advice, you will also have a document that can take care of
you if you become ill.
My guess is that right now many of you are assuming you already possess the document I am talking about. Not so fast.
If
you think the will you may have locked away in the safe deposit box is all you need, I am here to tell you that you could be
seriously wrong.
Today, a plain old will is simply not the way to go in most cases.
I believe just about everyone would be better off with a trust - a revocable trust, to be specific - rather than a will. I
know,
I know. You hear the word "trust" and you think, "Hey Suze, what are you smoking? I'm no Bill Gates or Oprah Winfrey, so why
do I need a trust?"
My friends, revocable trusts aren't just for folks with oodles of zeros on their net worth statement. Check out my
Should
You Be Trusted? questionnaire at the end of this article.
Anyone who answers YES to even one question should seriously consider getting a revocable trust.
Before I explain how useful and smart a revocable trust is for you and your beneficiaries, I first want to make it
abundantly clear why a will alone could be an expensive pain in the derriere.
Where There's Only A Will, Your Family Will Pay
A will is a legal document that states how you intend your assets to be distributed when you die; it identifies to
whom you wish to leave your money and property (your estate). more...
Article also contains: - If You Love Your Family, Trust'em
- No Kidding Around
Why a Will Isn't Enough
Don't Fall for the Lawyer's Will Power
Now I can bet the following is going to happen to a lot of you: After reading this article you'll head off to an estate
attorney and tell her I convinced you to get a revocable trust. And then the lawyer will look at you like you're crazy and
tell you all the money you can save by simply creating a will. more...
Article also contains: - Don't Fall for the Lawyer's Will Power
- A Will is Useless Until You Die
- Just Say No to JTWROS
Do You Need A Trust? 11 Questions to Ask Yourself
If you answer Yes to any of the questions, then you should seriously consider establishing a trust. more...
What a Good Lawyer Should Deliver
When you go to see a lawyer, this is how they should charge you and what they should do for you. more...
Suze Orman has been called “a force in the world of personal finance”
and a “one-woman financial advice powerhouse” by USA Today. She is the author
of four consecutive New York Times bestsellers, including The Road to Wealth.
Suze Orman, a
Certified Financial Planner Professional®,
directed the Suze Orman Financial Group from 1987-1997, served
as
Vice President of Investments for Prudential Bache Securities from
1983-87, and from 1980-83, was an Account Executive at Merrill Lynch.
Watch Suze every Saturday night on CNBC.
Check www.suzeorman.com
for TV listings.
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