WILL ESTATE PLAN

Protection now and after your death

Establishing your Will Estate Plan

Trust vs Will

Although not used often, the Will Estate plan can offer the right protection for some.

Benefits of a Will Estate plan:

Benefits of a Will Estate Plan

Estate planning lawyer

Peace of Mind

A will can provide peace of mind, ensuring your wishes are followed, and bringing a sense of reassurance.

Asset protection trust

Asset Distribution

With a will, you have full control over how your assets are distributed, specifying beneficiaries and their respective shares, ensuring your possessions go to the right hands.

How to create a trust

Simplify Probate

A will helps simplify the probate process, making it more efficient and less burdensome for your loved ones, as your clearly defined plan expedites the settlement of your estate.

Frequently Asked Questions

  • A will is a legal document providing instructions to probate upon your passing. It allows you to outline your wishes regarding the distribution of your assets after your passing. It provides instructions for the division of your property, designation of guardians for minor children, and other important matters.

  • While it's not required to have an attorney, consulting with one can be beneficial, especially for complex estates or specific legal considerations. An attorney can ensure that your will is properly drafted, valid, and tailored to your unique circumstances.

  • Yes, you can update your will as circumstances change by creating a new will or adding a codicil, which is an amendment to your existing will. It's important to review and update your will periodically, especially after major life events like marriage, divorce, or the birth of a child.

  • If you pass away without a will (intestate), the distribution of your assets will be determined by the laws of your jurisdiction. This may not align with your specific wishes and can lead to complications, delays, and potential disputes among your family.

  • A representative is responsible for administering your estate according to the instructions in your will. It's important to choose someone you trust and who has the necessary competence to handle the responsibilities. This can be a family member, friend, or professional such as an attorney or a financial advisor.