Wills Trusts, Estate

A will is a legal document that establishes your wishes posthumously regarding the distribution of wealth and property. It additionally sets forth, in appropriate circumstances, the care of minors. Without a will, there’s no legally binding document to safeguard your wishes after you pass. This can be contentious for family members left to oversee your unfinished affairs; thus, your heirs may be forced to spend additional time, money, and energy to settle your assets.

Without a will, decisions of one’s estate can fall into judges or state officials’ hands, which can complicate and worsen an already difficult time for family members. An attorney specialized in wills, trusts, and estates can help streamline the process and prevent undue complications.

Additionally, an attorney will be suited to establish complicated trusts. Similar to a will, a trust is another legal method of estate transference. Though usually costlier and more of an involved a process, trusts allow greater control of assets. In a three-party dynamic, a trust establishes a trustor, trustee, and trust beneficiaries.

A trustor is someone who is designating their assets to be distributed after death. While alive, they maintain possession of their goods but entrust upon a trustee to distribute the goods per their wishes. A trust is only operational upon the passing of the trustor, in which trust beneficiaries, following adherence to the trust document and mandates, can be eligible to receive the trustor’s estate; an estate encompasses the net worth of an individual based on land, real estate, possessions, cash, assets, etc.

For an affordable rate, Anthony Hanson, Esq, attorney at law, can help you navigate setting up your own will or trust to provide you and your family with peace of mind. Furthermore, deals are available for couples to set-up reciprocal Wills, Joint Wills, or Mutual Wills.