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Legal Last Will and Testament Form for a Single Person with Minor Children Alabama

Legal Last Will and Testament Form for a Single Person with Minor Children Alabama

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good evening everyone jerry taylor uh you know in my meetings with clients there usually is a decision to be made in their estate planning they're either going to go with a will or they're going to go with a living trust so let's talk about what a will actually does and what a living trust does and then i'll tell you some things i've heard from clients about both of them um give you some information that you can use to make your own decision a will a will leaves your estate to whomever you want it to go to usually your wife your kids the will may have in it a testamentary trust that's different from a living trust a testamentary trust is only in a will and it only is created upon the death of the person who made the will so and a living trust is a trust that is uh it exists while you're alive um testimony trusts only take effect when you die so testamentary trust could be for instance if money is going to be turn out to be left to

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