Thinking about life after we are gone can be discomforting, but creating a plan can give you comfort knowing your loved ones and your assets will be taken care of. A lot of time and resources go into these plans, which is why a will and trust attorney will benefit you and your family. My experience and knowledge of creating trusts and wills, as well as administering probate (i.e. the process of distributing your assets after you are gone) will help you gain a better understanding of the process and what is important from a legal standpoint.
With different types of wills, there are different rules and procedures followed upon executing the will. To decide which type of will is best for your family and your assets, you should consult with an attorney, but I’ve provided a list of different types of wills for your reference:
Amendments can be made to your will but should only be done with an attorney present. In each of these cases, I have the experience and knowledge necessary to help you choose the right type of will for you and your loved ones.
A last will and testament is a will that assigns your assets to certain parties directly or through a trust. Though there are many intricacies to these wills, these are the things you should know:
This is a very basic understanding of how your last will may work. To really get a comprehensive understanding of what you will need to know, come talk with me and I will help you create a strong will and testament.
Just like wills, there are many types of trusts you can create to protect your assets and — in some cases — avoid federal tax and probate. A trust can fall in any of these categories:
In any of these categories, the person you name as the “trustee” will be responsible for managing your assets. This includes closing any accounts or debts you may have and disbursing the remainder according to your stipulations.
As stated above, there are many intricacies of creating and securing a strong will or trust. I can help you go through the details of your estate, inventory your assets, and make a plan to help you with the creation of your will and trust. With my experience, you can rest assured your best interests are well taken care of. Give me a call today and see how I can help you.
Are you ready to think about life after you’re gone? Do you know what you want to be done with your assets? Who do you want to name as your beneficiaries? At Stilley Law Office, my team can help you go through all your options and create a will, trust, or both with you so you can be confident in the future.
