Wills, Trusts, and Estate Planning
It's unfortunate how many people believe that estate planning is only for wealthy people. People at all economic levels benefit from an estate plan. Upon death, an estate plan legally protects and distributes property based on your wishes and the needs of your family and/or survivors with as little tax as possible.
A will is the most practical first step in estate planning; it makes clear how you want your property to be distributed after you die.
Writing a will can be as simple as typing out how you want your assets to be transferred to loved ones or charitable organizations after your death. If you don't have a will when you die, your estate will be handled in probate, and your property could be distributed differently than what you would like.
Seeking legal advice is critical when writing a will, particularly when it comes to understanding all the rules of the estate disposition process in your state.
A will is the most practical first step in estate planning; it makes clear how you want your property to be distributed after you die.
Writing a will can be as simple as typing out how you want your assets to be transferred to loved ones or charitable organizations after your death. If you don't have a will when you die, your estate will be handled in probate, and your property could be distributed differently than what you would like.
Seeking legal advice is critical when writing a will, particularly when it comes to understanding all the rules of the estate disposition process in your state.