A will is a legal document that outlines your wishes for your assets after you die. A trust is a legal arrangement that allows you to manage your assets while you are alive and after you die. Wills and trusts are important estate planning tools that can help you protect your assets and ensure that your wishes are carried out.
What is a will?
A will is a legal document that outlines your wishes for your assets after you die. A will can be used to:
- Name a guardian for your minor children
- Distribute your assets to your loved ones
- Leave specific instructions for your funeral or burial
What is a trust?
A trust is a legal arrangement that allows you to manage your assets while you are alive and after you die. A trust can be used to:
- Protect your assets from creditors and lawsuits
- Avoid probate court
- Provide for the care of a loved one with special needs
Why do I need a will and trust?
A will and trust are important estate planning tools that can help you protect your assets and ensure that your wishes are carried out. Without a will and trust, your assets will be distributed according to the laws of your state, which may not be what you want.
How do I choose a wills and trusts lawyer?
When choosing a wills and trusts lawyer, there are a few factors you should consider:
- Experience: Make sure the lawyer you choose has experience handling wills and trusts cases. You can check the lawyer’s website or call the state bar association to find out how many years of experience the lawyer has.
- Reputation: Make sure the lawyer you choose has a good reputation. You can read online reviews or ask friends and family for recommendations.
- Fees: Make sure you understand the lawyer’s fees before you hire them. Some lawyers charge by the hour, while others charge a flat fee.
What to expect during a wills and trusts consultation
During a wills and trusts consultation, the lawyer will get to know you and your needs. The lawyer will also answer any questions you have about wills and trusts.
The lawyer will likely ask you the following questions:
- What are your assets?
- Who are your beneficiaries?
- Do you have any minor children?
- Do you have any special wishes for your funeral or burial?
The lawyer will then use this information to create a will and trust that is right for you.
Conclusion
Wills and trusts are important estate planning tools that can help you protect your assets and ensure that your wishes are carried out. By hiring a wills and trusts lawyer, you can be sure that your will and trust are properly drafted and executed.
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