Saving money isn’t that hard. What’s hard is keeping money saved.
It’s too easy to cut expenses in one area only to spend more somewhere else. Sticking cash into savings won’t help if it comes right back out again.
In my latest for NerdWallet, how to trick yourself into savings that actually last.
Dear Liz,
I have been recently advised to create a living trust for me and my wife. I did some search on Google and found that there are many articles and although lot of them are in favor of it, there a few against it too with justification. Also they say will is important but living trust is something better than will.
In my particular case, every investment or asset that we have a beneficiary has been nominated (either or survivor) but of course not our children “yet”
So the question is “Is a Living Trust an absolute must?”, Will the will alone not work? What can and can’t go into trust and why (401K etc?)? Trust A-B required?
A living trust is pretty important in the handful states with expensive probate, the court process that typically follows a death. California is one of those expensive. In most states, living trusts are less used and wills are enough.