Quote:
Originally Posted by aigel
Seriously though, why a trust - you don't have offspring, right? Is it useful with a married couple?
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The trust allows you to leave your estate as you see fit. You might want to leave that 911 to a specific person. If you don't have a trust, then your estate is divided up by the state. If you have a will, it can be challanged and the state will look into it. Regardless, the government involvement will add time and expense to the process. A trust, whether or not you are married is a legal entitiy and everything in the estate will be handled based on a pre-arranged set of rules - set by you.
BTW, you can make changes to the trust anytime you want, as long as you are still alive - you are the trustee untill death.