Thursday, May 31, 2012
Estate Planning Essentials
Wills and trusts are two different types of estate planning devices that allow you to look into the future and determine how you can protect your children and your assets if something were to happen to you.
Dan Danford, CFP® and Founder/Chief Executive Officer of Family Investment Center, says that many people use the terms wills and trusts interchangeably even though there are major differences between the two.
In the video below, Danford explains the disparity and in what situations people are more likely to need a will or a trust. He also suggests that any asset protection estate planning document should be handled by an attorney. According to Danford, a small fee can ensure a lifetime of peace of mind.