Elderly couple have one child nearing retirement, no other beneficiaries. They have one house, a jewelry collection worth maybe 100k and a few hunting rifles, two annuities that have a death benefit and two bank accounts.
They’ve been sold on a revocable trust and the son is asking me if a will is easier. I told him I think it would be and I think the trust erases any inheritance benefits he may receive. Revocable trust is “too much” vs a simple will.
I’d rather leave this Jeopardy question with the law firm of Ketchum, Suchomel, Anwar & Message Board to answer.
They’ve been sold on a revocable trust and the son is asking me if a will is easier. I told him I think it would be and I think the trust erases any inheritance benefits he may receive. Revocable trust is “too much” vs a simple will.
I’d rather leave this Jeopardy question with the law firm of Ketchum, Suchomel, Anwar & Message Board to answer.
