Difference between Living Wills,Living Trusts and Wills
My husband & I are trying to decide which is better for us in regards to planning. We own a home worth $400,000.00
it is not paid off. I have $200,000 in life insurance, he has $100,000 (I earn more) plus our 401K’s. I will inherite Real Estate, cash and jewelry worth $500,000 in the future. My question is which would protect us the most the Living Trust, Living Will or a Will? Our main concern is making sure the other one is protected for the rest of their life.
Thank you for your time,