You’ve spent your whole life working to provide for your family, but have you ever thought about how you’d like your assets distributed to future generations? Let one of our attorneys help you create a plan for the future, so you can rest assured that your family will be taken care of.
Why do I need to create a will?
Having a will allows you to specify who will receive your assets (both monetary and property) in the event of your death. When someone dies without a will on record their assets are distributed by the state, sometimes without consideration of the needs of the heirs and the preferences of the deceased.
Creating a will enables you to guarantee that your possessions are to be distributed among your family and friends according to your wishes. This is especially important if you are a parent with children under the age of 18, because wills are the way that guardianship is legally transferred. By creating a will, you can rest assured that all of your hard-earned money and belongings go to the people who you feel need and deserve them most.
What’s a trust, and who needs one?
A trust is a legal document that specifies the way that your particular assets should be distributed in the event of your death. Trusts typically deal with specific holdings, such as pieces of property or life insurance payouts, and trusts are designed to correspond to the information in wills.
If you have specific wishes regarding the way you want certain assets distributed, creating a trust is a good way of ensuring that these requests are honored.