Should We Use Simple Wills or a Trust for Our Assets? | NC

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Q: Should we use simple wills or a trust to handle our home and other assets? A: Simple wills may be enough if your home passes automatically to the surviving spouse and your life insurance and retirement accounts have current beneficiary designations. A revocable living trust may be useful if you want to avoid probate for certain assets, provide management during incapacity, or control how…