Q: Is a will or trust preferable to set up when you have assets in excess of $100,000?
A:
This all depends on many factors such as your family makeup/dynamics, the types of assets you have, your health, expected longevity, and who you want to inherit those assets.
A will-based plan can be adequate for some people with even a few hundred thousand in assets depending on circumstances, while a person with even less may find a trust-based plan to be more suitable.
I suggest that you speak to some Estate Planning attorneys in your area about these questions. Many offer complementary consultations. Good luck.
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