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11min chapter
Ep. 36: Legal Work (Estate Planning) And Why It Matters- An Interview With Jessie Naeger
Common Sense Financial Podcast
Trusts and Wills: Understanding the Difference
This chapter explores the distinction between trusts and wills, highlighting how trusts serve as asset containers and wills are read by courts. It emphasizes that trusts are not exclusively for wealthy individuals and that life insurance can be considered an asset. The chapter also delves into planning for minor children, including the significance of naming a guardian who aligns with the child's values and lifestyle.
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