Suze Orman
๐ค SpeakerAppearances Over Time
Podcast Appearances
And the easiest way to do that is with a revocable living trust that has an incapacity clause in it.
I just want to say one other thing, walk through their home.
And I don't know if you have siblings or not, because if you do, this is where a will comes in handy.
Who's going to get that picture that all of you want?
Who's going to get the little things around the house that mean nothing to anybody, but one may mean more to you than your sister.
And so what were you going to say, KT?
Yeah, my aunt.
Aunt Thelma did that with her three children.
Yeah, they all went through her apartment and they had to put a sticker on-
chart she made.
Yeah, of what they wanted.
And if more than one put a sticker on something, then she got to decide who got it.
But it was all decided beforehand and then designated and put into writing within her trust in her will.
So I ask you to think about that, Anisha.
Now, if you're an only child, obviously it's all going to go to you.
So maybe that makes it a little bit easier, but there's nothing wrong with making it official because, and I don't like to talk about this, but it's possible.
What happens if you die?
Where does it go?
Have they thought about that?
Because it's not always that they die before you.