Question: Based upon the facts below and your reading in Chapter 9, what is more beneficial for Mother to create, a will or a trust? Why?

Based upon the facts below and your reading in Chapter 9, what is more beneficial for Mother to create, a will or a trust? Why? Be sure to explain your answer, using examples:

A mother of three wants to ensure she leaves everything she has equally to her three children. She owns a daycare that is worth $250,000.00 and makes an annual salary of $50,000.00.

* She has a few valuable pieces of jewelry.

* She has stocks worth $450,000.00.

* She has no other assets other then her house and car.

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