Reported 3 months ago
A 68-year-old divorced retiree with two children, renting a home and possessing $750,000 in investments, is contemplating whether to establish a revocable trust. Financial advice suggests that if the estate is straightforward, a trust may not be necessary but could be beneficial for asset control after death. Additionally, the retiree is encouraged to consider their investment strategy, long-term care policies, and update essential legal documents such as healthcare directives and wills.
Source: YAHOO