Attorneys for Wills and Trusts
A will is a legal document that outlines how you want your assets distributed after your death. You can also include the names of those you want to be Guardians for minor children, or who will manage your estate. If you have minor children, it is important to have a trust and a will. A good trusts attorney will know what is in your best interest. The lawyer will advise you of the process and give you an estimate of the fees.
Wills and trusts are both legal documents, and they are important for making sure your assets are managed wisely. Having a plan for your finances and inheritances is vital for the future of your family. While any lawyer can draw up a simple will, a good trusts attorney is the best option for complex situations. A will is not enough to make sure you leave all of your assets to your family, so you will need the help of a professional.
The attorney will also help you fund your trust. A trust will enable you to distribute your assets in ways that benefit your beneficiaries. Real estate, for example, must be deeded in the trust's name. Other assets, such as stocks, bonds, bank accounts, and stocks, should also be deeded in the trust's names. Although you can add beneficiaries to a Will, assets that are not in your trust's name will be subject to probate.
A trust can help you save a lot of time and money in the probate process. Your beneficiaries will not have to go through expensive probate, so a trust can save them time and energy. The trust will also transfer your assets to you if your loved one dies. This way, the estate will be managed according to your wishes and intentions. It is important to discuss the best options for your family and to choose the right attorney.
It is important to think about the cost of the trust and will, but there are other factors to consider when choosing a trust or will. The cost of a trust or will can vary depending on its complexity and how long it takes to prepare. If you don't have a budget, it is best to go with a lawyer who offers consultations for free or at low fees.
There are two types of documents: trusts and wills. They are the first step in estate planning and outline the beneficiaries. When a person dies, a will is filed with the court. A representative of the deceased person's family will then administer the estate according to the instructions in the will. Wills can be written in any amount of detail you wish. They are crucial to your family's overall financial health.
Matus Law Group | Estate Planning Attorney and Special Needs Trust Lawyer | Trusts Law Firm - New York City
222 Broadway Fl 22, New York, NY 10038, United States
(929) 412 1808