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For most people, wills are actually a backup plan to their living trust.  They’re sort of like a fire-extinguisher – good to have for emergencies, but not intended for actual use.  Wills do however, actually serve one key functions

In a will you name your children’s guardians.  If you have young children, deciding who will take care of your children should something happen to you is a vital question to answer.

For small estates, a will may be the centerpiece planning document, instead of a trust.  Read more about the differences between a will and a trust here.

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