GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’ve got the option to read more about oureditorial guidelinesand our products and servicesreview methodology.
Now seems like an odd time to considerestate planning, but its actually the perfect time.
If theres one thing about life thats predictable, its that its unpredictable.
Thats why having an estate plan isnt just for later in life its a smart move now.
You dont have to do everything at once, but there are key steps you should take today.
It only takes effect after your death and must go through probate, a legal process for distributing assets.
Unlike a will, a trust takes effect as soon as its funded.
It gives you more control over how and when your assets are distributed.
For example, you’re able to stagger inheritances overtime or place conditionson when heirs receive funds.
Hopefully, you wont need to enact any of these steps anytime soon.
More From GOBankingRates
Share This Article:
The Latest inMoney
