"When it came to write my trust, I wanted to leave my assets to them as if they were my biological children."
"My baby brother died of an overdose. He didn't have a will or trust, and his case is still in probate. The courts are backed up, and it's a mess."
Wenjay Sung, a physician from Pasadena, created a living trust to ensure his assets protect both his stepchildren and biological son. His decision stemmed from witnessing the probate struggles after his brother's untimely death without a will. Sung's trust allocates his wealthâincluding a $3M home, $1M medical practice, and $800K in retirement fundsâequally among all his children, demonstrating his commitment to family unity and financial security for his blended family.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]