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You spend the majority of your adult life working hard and providing for your family. You’ve scrimped and saved, and you’ve accumulated assets over time. Naturally, you want some control over what happens to those assets after you die.
Regardless of how much or how little you have, it’s important to have an estate plan. But should you have a will, or a living trust?
Simply put, a will is a written document that outlines how your assets will be distributed after your death. It also allows you to appoint guardianship of your minor-aged children if you die before they reach adulthood. In order to be valid, the document must be signed and witnessed.