Wills & Trusts
A will is a written document with instructions for distributing an individual’s assets after his or her death. There are specific requirements for a will to be formally executed as required by State Law to be legally valid and enforceable.
A trust, on the other hand, is a legal entity created to hold assets for the benefit of another person or entity. There are many types of trusts that can be used to achieve a person’s estate planning objectives.
If you do not have a valid will or trust the State or others will decide how your assets will be distributed.
Even if you have a Will or Trust, a change in your life, such as purchase or sale of Real estate, starting a business, or change in marital status requires you to re-evaluate your plans for your estate.
Who will be your executor? What plans have you made for guardianship of minor children, or their education?