We've written before about the importance of having a will before. However, what happens if you don't change the beneficiary of your assets after you get a divorce?
So what exactly is a trust? You hear about wealthy people setting up trusts for their children so it must only be for those that are rich, right?
When you die who will get your invaluable jewelry? What about your home, or a coin collection? These types of possessions are why having a last will and testament is so important.