Will Writing & Trust

A will is a legal document that outlines a person's wishes for the distribution of their assets after their death. It specifies who should inherit their assets and how those assets should be distributed. By creating a will, individuals can ensure that their assets are distributed according to their wishes and that their loved ones are provided for.

Trusts, on the other hand, are legal arrangements where a person (known as a settlor) transfers assets to a trustee to be held and managed for the benefit of another person or group of people (known as beneficiaries). Trusts can be used to manage and distribute assets during a person's lifetime or after their death. Trusts can be used to minimize taxes, protect assets from creditors, and provide for the long-term care of a beneficiary.

In estate planning, wills and trusts can work together to provide comprehensive protection for a person's assets. For example, a person may create a trust to hold assets for the benefit of their children or grandchildren, and a will to distribute any remaining assets to other beneficiaries.

It's important to note that wills and trusts are complex legal documents that require careful consideration and professional legal advice. It's essential to work with an experienced estate planning attorney to ensure that your wishes are properly documented and your assets are protected for your beneficiaries.