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Should we create a trust for home, savings, and insurance? | NC
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Q: Should we create a trust if we own a home, savings, vehicles, and life insurance? A: Often, yes — a revocable living trust can be a strong part of an estate plan, especially if you have a child or are expecting one. A trust can let you name a trustee to manage money and property for a minor child, instead of having the child receive assets directly or requiring extra court involvement. It can…