Avoiding Probate

"What is best for myself or my family, a will or living trust?"

This is a question that cannot be answered within this site. A complete fact finder needs to be completed and referred to our attorney.

In general though, there are many ways to a leave a mess for beneficiaries and heirs.

• Having old and outdated wills or trusts.
  Attorneys have said to have powers of attorney updated every 5 years.
   
• Having a child's name on accounts or deeds.
  People think this is an inexpensive way to avoid establishing a revocable living trust, but in fact this can come back to possibly haunt the parents and children.
   
• Not understanding trusts.
  The whole reason to establishing a trust is to avoid probate, and to allow assets to pass to beneficiaries without the need of attorneys or court costs. If you die with a will, it is possible 8-10% of your estate will go to attorneys' and courts.

If you have any questions we can, with the help of our attorney, help you determine what may be best for you.