Get a Living Trust
Posted by admin
My uncle is pretty wealthy, and he had several kids. It turns out, as wise as he was with his finances throughout his life, he was pretty foolish when it came to financial planning. We kept urging him to have a will created, but I guess he thought he would live forever. Because of his wealth, he also should have created a living trust. Now that he is gone, all of the children are fighting over the money, and it has really caused a lot of descention in the family. Yes, the kids need to grow up, but all of this could have been avoided by getting a living trust.
