As our parents get older, their money problems can sometimes become our problems if we don’t plan ahead. And if we’re raising our children at the same time, there’s a reason they’re calling us the “sandwich generation”.
Today on the show, I have invited Cameron Huddleston to talk to us about how we can have that money talk with our parents and why we need to do it right away.
As a parent, I’ve always heard that it’s important to have your estate in order. You know … your trust and your will. But since I’ve never felt like I own an “estate”, I haven’t quite gotten everything in order per se.
I invited Cody Barbo and Patrick Hicks from Trust & Will to talk to us about the importance of a trust when it comes to protecting our family wealth and legacy. We also discuss the differences between a will and a trust.
A few years ago, my wife and I got our wills completed. That made us feel great! With our life insurance and will complete, we’re now protecting our family if the unexpected were to occur. My next goal was to look into a living trust.
I’ve heard from friends and family that a living trust is something we need, but I wasn’t sure why. I decided to look into it a bit more. Here is what I learned…