Ask Terry Questions Trust vs Will

Trust vs Will

By Terry Savage on June 19, 2026 | Financial Planning / Retirement

My husband and I (both age 72), and our children, are in disagreement over whether we need a trust or just a will. Our home is paid for, we have two cars paid for, we have IRA’s and other investments with three different brokerage firms, as well as our personal checking accounts. What will make it easiest for our four children to settle all our financial responsibilities after we are gone?

Terry Says

There’s more to worry about than after youre gone! What if you or your husband have a stroke, or develop Alzheimers?? Who has the power to deal with all financial assets?
Please watch this video that I created to answer your question, as you’re not alone in wondering about this.

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