One of the most common questions that lawyers get asked is whether a trust is necessary or not. Just in case you didn’t know, a living trust gives more control over your assets in the event of incapacitation or death.
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A large number of people do not have a will or an estate plan ready, and they do think having one isn’t really important.
Do you think estate planning is only for the wealthy to plan about looking after their assets after their demise? Then you are wrong! Obviously, estate planning ensures a smooth transfer of assets between generations for a wealthy individual. But every person leaves behind something when they die.