Whether it’s blocking pucks during a street hockey game or checkmating chess hustlers at the park, traditionally indoor activities take on an entirely new feel and flavor when taken outside. While a rare sight these days, movie-goers worldwide used to enjoy cinema from the comfort of their cars at drive-in theaters. These made a brief Hosting the Ultimate O
resurgence during the pandemic, but now that movies are rolling in theaters again, the fad has begun to die off.
These days, if you want to
watch a movie, it seems like you are limited to three options: Watching it at
MOONLIT MOVIE MAGIC
the theater, on your TV, or on your phone or tablet. Now, I think we can all agree that
watching a movie outside on your phone does not make for a great cinematic experience. Debtrette, a TikTok influencer and mom, has a suggestion. She
while a trust is a private agreement. You can also name your trust something different than your legal name so your name and the assets associated with it are not in the public sphere. A trust gives you more control. Trusts give you more flexibility in your estate plan and allow you to benefit even before you pass away. You can, for example, designate conditions like the age at which a minor can access their inheritance, or you can decide to award assets or funds incrementally if a family member needs money management help. Additionally, a will only goes into effect upon your death, but your trustee can access a revocable trust while you are alive to help your family if you fall ill.
You can’t take it with you. When you pass, your money and prized possessions stay behind, and if you don’t put your wishes down in writing, they might not go to the person you intend them to. While a traditional will might be the first thing that comes to mind to protect your assets, a revocable living trust offers several significant advantages. A trust allows you to avoid probate. When dealing with the death of a loved one, making the process as smooth and quick as possible is ideal. Assets controlled by a will must go through probate to be confirmed and distributed to your heirs and other beneficiaries. This process can be lengthy, costly, and far more complicated. When you create a trust, you only need to deal with your attorney and trustee to distribute your assets.
Preparing for the future will save your
loved ones the headaches and tension of determining what will happen to your assets after you are gone. By establishing a trust, you can provide more straightforward
A trust grants you more privacy. Establishing a trust keeps your family’s private financial affairs off the public record. Once you pass away and your will goes into probate, it becomes a court record anyone can view,
guidance on your wishes without the time-suck of
probate court and keep your affairs strictly a family matter.
2 | 564.212.2733
Made with FlippingBook Ebook Creator