Last week, we talked about the importance of having a personal care plan in the event your physical or mental health takes a turn.  It's also vitally important to have a trust.  A trust is a legal document that allows you retain control of your assets both before and after your death.

Stacey shares the sad story of a client who put off setting up a trust.  Her health unexpectedly changed, and the next thing she knew, her relatives were in a courtroom getting control of her assets.  It's a cautionary tale for sure.

Michael and Stacey talk about the importance of a trust, especially if you have minor children.   And your trust does not have to be controlled by relative! You control who is in charge.

Finally, simply setting up the trust is not enough.  Many clients set up the trust, but never get around to moving their assets into it. And that can have disastrous consequences.  It's important to have a team of an attorney, trusted financial advisor, and more, to make sure everything is set up according to your wishes.

Stacey Andres and Michael Wallin have made the Life Arc Plan and Info Right process available to all listeners of our podcast.  To learn more, you can reach out to them at (855) 378-1806 or visit our website, https://artofwealthunbroken.com/