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A Will is not Enough – “Trusts” Explained in Plain English
Many people assume trusts are only for the ultra-wealthy. In reality, trusts are about planning, clarity, and protection, not just large fortunes. In this episode, we explain what a trust actually does and why many families use one alongside a Will.⚖️ What Is a Trust?A revocable living trust is essentially a legal structure that holds assets for your benefit during your lifetime and then distributes them according to your instructions after death.Think of it as a legal “bucket”:• You place assets into the bucket • You stay fully in control while alive • If you become incapacitated or die…
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