Wills & Trusts

Here is the clear distinction between these two critical documents

 

They sound similar, but they do completely different jobs. You likely need both.

1. The Living Will (Healthcare & Decisions)

•Purpose: This is a medical document, often called a "Directive to Physicians."

•What it does: It speaks for you when you cannot speak for yourself regarding

your physical body. It tells doctors and family members your specific

wishes for end-of-life care—such as whether you want to be kept on life support,

have a feeding tube, or be resuscitated if your heart stops.

•When it works: It is only active while you are alive but incapacitated

(unable to communicate).

•Does it avoid probate?

​

No. It has nothing to do with money or assets.

2. The Living Trust (Money & Assets)

•Purpose: This is a financial "container" or "bucket" for your assets (Revocable Living Trust)

.•What it does: It holds the title to your house, bank accounts, and investments. While you are alive, you control it 100% as the Trustee. When you die (or become incapacitated), a "Successor Trustee" steps in to manage or distribute the money exactly how you instructed.•When it works: It works while you are alive (managing assets) and continues after you die

.•Does it avoid probate?

 

Yes. Because the Trust owns the assets, not you personally, there is nothing for the courts to freeze. Your family gets immediate access. The "Banker" Summary•Living Will: protects your dignity (medical choices).

•Living Trust: protects your dynasty (financial assets).

100% AVOIDABLE - Contact us and lets get you and your family protected