If I have a trust, do I still need a will?

Yes, you still need a last will and testament. If you create a joint revocable living trust, then each grantor still needs a separate will. Even though a revocable living trust is an important estate planning document, it does not replace a will. Firstly, a living trust will never include all the property you own. In the event of your death, you will need a way to transfer any assets not placed into the living trust to your desired beneficiaries. This is accomplished by using a special type of will called a pour-over will. Secondly, if you have children or other dependents, a living trust does not enable you to name guardians. Lastly, in a will you also have the opportunity to express your burial wishes.

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