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204 - The Difference Between A Simple And Complex Will
Manage episode 310335709 series 3052238
Το περιεχόμενο παρέχεται από το Jeremy Streten and Business Legal Lifecycle. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Jeremy Streten and Business Legal Lifecycle ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
Today we're talking about wills. And specifically, the difference between a simple will and a complex will. So you might have heard those terms thrown around. There are many ways to define simple and complex wealth. When you pass away your will appoints executives, beneficiaries, etc. A simple will passes your accumulated wealth onto your children, spouse and friends. A complex will includes things like testamentary trusts, which are more complicated. That's what the reason for the word complex will. And what it does is it allows you to leave money in a trust for your beneficiaries rather than giving it to them directly. If you've got a large amount of assets that are owned a complex will that uses testamentary trusts might be for you. There are tx reasons why using a trust is a better idea. A complex will is also useful if you have a large number of beneficiaries between whom your assets will be divided. As always, it's something that you want to get advice about. You want to have a very candid discussion with your financial advisor about this.
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