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A Last Will and Testament

  • If you have a will and become incapacitated, nothing in your will can help manage your assets while you are living.

A Living Trust

  • If you have a living trust, your co-trustee or successor trustee can continue to manage trust assets without a court supervised guardianship.
  • A court supervised guardianship costs money and requires the courts to supervise how someone manages your assets.

A Testamentary Trust

  • A testamentary trust is created after you die.  It does not provide value if you become incapacitated.

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