A Living Trust is a lot like a Will, in that you set out your wishes about your assets and who should inherit them. The difference is that a Living Trust is created while you are alive, so it is referred to as a living document. It avoids probate, which means your estate will move more quickly through the court system and the costs incurred are eliminated. A Living Trust can also help you manage medical decisions if you become incapacitated. Why wait? For more information about this important tool, visit our Wills and Probate Glossary.
If you have minor children or family, you will want to have a Will in place rather than a Living Trust, since only the assets you own in your own name can be covered by a Trust. This is usually limited to your home and car.
However, with one of these documents in place, you will be able to do all of the things that an experienced attorney would do for his or her clients with the added benefit of feeling more secure knowing that these details are spelled out in writing.
A Living Trust is a legal agreement that settles your affairs while you're alive and after death. You keep total control over certain assets, such as property, savings and investments.
If you have a trust, and need to give up control of your assets, the executor may be in a position of conflict because he or she is serving both as trustee and administrator of your trust.
Our Wills cover all the key areas and ensure your final wishes are carried out correctly. Your will is one of the essential documents you'll ever make, and it gives direction to what happens when you die.
If someone close to you has died, dealing with the Estate Administration can make it extremely stressful. There are many legal and financial jobs and tasks to complete while dealing with personal grief, and let us deal with those formalities for your family at this emotional time.
Powers of attorney allow someone else to make decisions on your behalf if you can't make one for yourself. Make sure your partner, wife or close relatives have the ability to carry out your wishes if you become unable.
One-third of us need long term care in our later years. We can help you create a care plan for the future so that family members understand exactly what you want and need when planning for care. Having your Will and Probate prepared before the family needs it, talk to experts Will Probate.
Need advice on trust talk to our team.