A Will is an important document which enables any living person to rightfully declare how he intends his assets and wealth to be divided / distributed after his death. Like a will, a trust is a very useful instrument in the estate-planning arsenal. Estates can be as diverse as people, and the flexibility of a trust makes it useful for many different needs. A trust can do a number of things a will can't do as well, including ·
- manage assets efficiently if you should die and your beneficiaries are minor children or others not up to the responsibility of handling the estate; ·
- protect your privacy (unlike a will, a trust is confidential);
- Depending on how it is written, and on state law, a trust can protect your assets by reducing taxes; ·
- if it is a living trust, the trustee can manage property for you while you're alive, providing a way to care for you if you should become disabled. A living trust also avoids probate, lowers estate administration costs, and speeds transfer of your assets to beneficiaries after your death
We all dealing wills and trust cases and our attorneys play key role and giving best outputs.