Both a Revocable Living Trust and a Last Will are documents that provide instructions to distribute your assets after death. These two documents operate differently from one another in how they are created and how they are executed.

The beginning of a new school year is just around the corner and this is the best time to talk about your college aged children’s Estate Plan. You may be thinking, “what does my child need an estate plan for, they’re only 18!” Estate planning is not just for the wealthy or the aging, estate plans can protect anyone (over the age of 18) while they are still living and healthy.

Have you been thinking about setting up an estate plan, but keep putting it off? Do you sometimes rationalize this and think to yourself, “I don’t care, I’ll be dead” or “I’m too young, that can’t happen to me” or even “My family will know what to do”? If this sounds like you, read on to learn what risks and challenges can arise if someone passes away without a proper plan in place.