QUESTION
Living Will Vs. Trust, which is good option for me?
Asked on Dec 29th, 2016 on Wills and Probate - New Jersey
More details to this question:
Hello, Our family is me, wife and 2 sons who are 21 and 17. Older son also working younger is in 11th grade. We don't have any complicated assets. Just a paid off town house and 401k and bank accounts money Debating which is a good option.
1 ANSWER
2 Awards
You are mixing apples and oranges. A Living Will is a document that directs end of life decisions. A trust will distribute your assets after you die. I think you might mean a Living Trust. I'm not a big advocate of living trusts in general, unless there is a specific reason, and your question doesn't raise one of the reasons. You would probably be better off with a simple will. PLease fell free to call my office if I can be of further help.
Answered on Jan 04th, 2017 at 10:56 AM
Diana L. Anderson, Certified Elder Law Attorney This response is not legal advice and does not establish any form of attorney/client relationship