Estate planning
My husband and I have wills. If we create revocable living trusts will the trusts automatically supersede the wills?
Terry Says
The trusts (or a joint family trust) will replace the wills. A RLT is a much more effective document. You put all your post-death instructions into it — same things you say in your will — but if one of you is incapacitated (think stroke, Alszheimers, etc) the other trustee has immediate power to act. A will doesn’t go into effect until someone dies!!
Please take a few minutes and watch this video:
https://www.terrysavage.com/wp-content/uploads/2022/10/Terry-Talks-Wills-Trusts-Estate-Planning.mp4