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Wills and Trusts

Do you have a Will? Or a Trust?
Do you think you need a will? Or a trust?
Do you think as a person of color you should have a will?
What are your preparations for now and for the future?

In this episode, Tee and Kim discuss how having a will or trust plays an important role for you and the people you leave behind

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Key Talking Points of this Episode:

[2:22] Learning about a will, trust or anything in between.

[16:25] If no will next stop would be probate court

[17:41] Various ways to start a will or trust online

[26:10] Which is better will or trust?

Magical Quotes from the Episode:

“It’s our responsibility to take care of our parents”

“Don’t put me in no ground I don’t want to be in no ground”

“Make sure your wishes are allocated”

 

 

Website Mentioned:

 

https://www.investopedia.com/articles/personal-finance/051315/will-vs-trust-difference-between-two.asp

 

https://www.consumerreports.org/money/estate-planning/why-people-of-color-are-less-likely-to-have-a-will-a6742820557/

 

 

 

Connect with Us:

Website:https://bumpingumspodcast.com/

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Teresa & Kim