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“A great example is the Walton family, who started Walmart,” Laib said. ... (Including a Will and a Trust) ... 7 Best Ways To Build Generational Wealth, According to Experts.
Image source: Getty Images. Putting a living trust in place can be costlier and more time-consuming than a typical will. But there's a good reason to make that investment.
A family trust is an estate planning tool that can preserve your family's wealth across generations. Here's how they work and how to set one up.
A popular option is a living trust, which many people consider one of the better routes to take. A living trust is a legal setup that allows an individual or couple to specify how their assets ...
Image source: Getty Images. You could write a will that outlines your final wishes. But you may also want to consider using a living trust to pass an inheritance on to your family.
Image source: Getty Images. 1. You don't have to go through the probate process. When it's time for a will to be executed, it goes through a process called "probate." During probate, a court ...
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