any feedback or suggestions on which one is a better alternative for a 30 something person in California about to get married (fiancee owns the property).
Seems like a will is a bit easier to set up and doesnt require that the assests be managed by the trust throughout ones life (but is a bit more of a pain when you die). Where as a a trust becomes the owner of all your assets, is more expensive to set up and manage, but is a bit easier to execute when you die.
Some questions:
are the monetary assets in a trust accessible throughtout your life?
must you manage past 401k, stocks, etc in that truse?
what happens if you fail to mention additional assest the you acquire?
Do you need to provide specific $ in a will or can you distribute monetary assests in %?
Would you recommed setting these up thru a lawyer or thru an online service like a legalzoom.com?
Thanks in advance for the answers!
Seems like a will is a bit easier to set up and doesnt require that the assests be managed by the trust throughout ones life (but is a bit more of a pain when you die). Where as a a trust becomes the owner of all your assets, is more expensive to set up and manage, but is a bit easier to execute when you die.
Some questions:
are the monetary assets in a trust accessible throughtout your life?
must you manage past 401k, stocks, etc in that truse?
what happens if you fail to mention additional assest the you acquire?
Do you need to provide specific $ in a will or can you distribute monetary assests in %?
Would you recommed setting these up thru a lawyer or thru an online service like a legalzoom.com?
Thanks in advance for the answers!
