Ask Suze Anything: September 17 , 2020

In this edition of Ask Suze Anything, Suze answers questions from Women & Money listeners about last Sunday’s “The Life Of Flowers” episode concerning the Must Have Documents. Questions came into the app from Olga, Tina K, CokeP, DiamondRoad369, J13, Gabe, Jackie G, JoePro, Marta M, B Muckley, Nam, and GD Jacoby.

They ask:

Why do you need a will and a living revocable trust?

Our bank doesn’t transfer our accounts into our trust name. What can we do?

We received a modification when we refinanced. Will the modification be voided if we put the house into a trust?

Would our youngest daughter pay income taxes if we gave our house to her (upon our death) via the living revocable trust?

Can I transfer my original documents into your Must Have documents program?

Can you explain what the incapacity clause is?

Is a living trust the same as a revocable trust?

Is the tax shelter for an irrevocable trust worth it?

My older brother has no children, does he need a living revocable trust?

How can I ensure that when I die, my half of my mother’s health care continues?

Can my partner and I do a trust together, even if we’re not married?

How do I get a secondary name on my bank account?

Would my refinance be different if I have a trust?

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