When you think about an estate plan, you probably think about creating a Last Will and Testament. A Will is an essential part of every estate plan, but in many cases it is beneficial to also create a trust. A trust can benefit individuals with estates of all sizes. If you are wondering if a trust could benefit you and your family, consider the following:
The above list is just a few examples of when a trust can be beneficial. Creating a trust as part of your estate plan provides you with flexibility in distributing your property and wealth. There are different types of trusts to choose from, so it is important to discuss the pros and cons of each with a trusted estate planning attorney.
Whether you have a will or a trust or nothing at all, we, at The Law Office of Diane Anderson, can help you navigate probate and trust termination. This may include assets, debt, tax debt, guardianships and more. Contact us today to schedule a comprehensive consultation.
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