Wills & Trusts Lawyers
Wills & Trusts Lawyers
Regardless of what state you live in, using an estate lawyer to help you with estate planning is essential to help you make sure your end-of-life wishes are honored, to avoid probate and certain fees and taxes, and/or to establish an executor for your financial affairs. Estate planning through a will or a trust will protect your family and loved ones from uncertainty and help them financially. An experienced estate lawyer can help you create these important, binding documents.
If you have minor children or dependent adults, you need to plan for their continued care when you will not be able to care for them. If you are unmarried partners, you need to make a plan to ensure your partner has rights to your money, property, and other assets when you die. Depending on circumstances, an estate lawyer can even help protect yourself financially from creditors and legal judgments by establishing an asset trust.
Your estate plan will vary depending on your life circumstances, your financial circumstances, your wishes, and the rules and customs of the state where you live. An estate lawyer will be able to advise you and help you make a plan tailored to your needs, and can explain which legal devices, amongst others, are available to you in your state.
Wills & Trusts
A will goes into effect after you die to pass your assets and property in keeping with your wishes. If you do nothing else, set up a simple will with a Court Buddy estate lawyer because otherwise, the default laws and customs of your state — not you — will determine who gets your property, and the court will decide who will raise your children.
In many states, it is common to use a will to take care of your estate. However, a will has certain limitations: for example, certain types of property cannot pass through a will, and many states send wills through probate. A living trust (sometimes just called a trust) is funded while you are alive, to protect your assets and property and pass them on in keeping with your wishes. A trust avoids probate. You can set up a trustee or executor to administer your estate in accordance with your wishes, avoiding the need for any court involvement in settling your estate (and avoiding probate fees and estate taxes, which can be substantial, depending on the size of the estate). A Court Buddy estate lawyer can help you chose between a will or a trust, and can take steps to ensure your loved ones avoid probate and that your wishes are followed.