What are Suze Orman's credentials regarding living trust preparation?

By Forinfos - 20/02/2025 - 0 comments

Suze Orman is not required to have special credentials to prepare a living trust because a layman can complete the documents, according to FindLaw.com. However, Forbes warns that nonprofessionals are at risk of overlooking details that can go wrong later on.

Depending on the trust owner’s intent, a living trust can take effect during or after his lifetime to avoid probate, save taxes and to control property and assets. Professionals are recommended for managing complicated situations or large estates. Unlike a will, the trust maker cannot include in the document any declaration of who will be guardians of minor children.

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