Will or Living Trust: Which Do I Need?
“Should I prepare a will, or do I need a living trust?”
Both are useful tools for managing the possessions God has entrusted to you. Scripture calls Christians to exercise wisdom, plan responsibly, and provide for those under their care (Proverbs 21:5; 1 Timothy 5:8). Both a will and a trust can provide for your family and supports the RCUSafter your death.
A will gives written instructions concerning the distribution of your property after your death. It identifies who should receive your assets and who should oversee the process. A will may also name guardians for minor children and provide directions for family members with particular needs.
A will takes effect after your death and may generally be changed during your lifetime. Because life is uncertain, it is wise to make appropriate plans while remembering that all our days remain in the Lord’s hands (James 4:13–15).
A living trust holds and manages assets during your lifetime. It also provides instructions for distributing those assets after your death. Depending upon your circumstances and state law, a trust may help your family avoid probate, reduce delays, and maintain greater privacy.
The choice is not always between a will and a trust. Nearly everyone should have a will, while some people may also benefit from a living trust.
Estate planning is one aspect of faithful stewardship (Luke 16:10–11). A qualified attorney and financial advisor can help determine which tools best fit your family, property, location, and charitable intentions, including any gift you may wish to leave to the RCUS.
You can create your own will at https://giftwise.com/rcus
