Secure Your Future With Trusts and Wills
There are several ways to protect your assets for the future and ensure that they go where you want them to when you die. Trusts, wills, and estate plans can all be used to make sure your assets are protected, and your family is taken care of. Trusts and wills each have their own benefits, and they all can be used in conjunction with each other. What you’d like to do with your assets and how you want to protect them should inform how you choose to do it. Those are important things to think about as you move forward in ways to protect your future.
Wills
A will is a legal document that lays out where you would like your money and assets to go upon your death. It also lays out who you’d like to look after any minor children you may have. Failing to prepare a will puts your estate in the hands of the court and state, and they decide how to distribute your assets. While you can prepare a will yourself, it’s best to work with an experienced estate attorney, who can help ensure the will stands up to any scrutiny after your death. It is important to be aware that a will must still go through the court process of probate which may be time consuming and expensive for your heirs.
Trusts
There are several types of trusts, and several reasons why you might use one to protect your assets to ensure that they go to the right entity. Choosing the right trust is vital, as there are significant differences in how they operate.
Which type of trust is right for you depends on your circumstances and your goals for creating the trust.
Estate Planning Lawyers
If you need help executing your estate plan, or have questions on how to even get started, contact an experienced estate planning lawyer, like those at The Mattar Firm. Call 844-444-4444 today or submit an online contact form.