“If you fail to plan, then you plan to fail…”
Protect yourself and your family
with a legally binding Will.
Deciding what will happen to your assets and personal possessions after your death is vital. Preparing a Will is the simplest way to make sure your assets and property will be distributed according to your wishes.
If you die without a will or a trust: The state suddenly gains control of all your property & assets and distributes them as it sees fit to a surviving spouse and/or your closest relatives. Unfortunately, this completely removes you from the picture, and you may not like the results.
Begin your plan in order to protect your assets and provide your family with peace of mind for when the unexpected occurs…
Free Download: Our 21 page “Living Will Kit.”
Free Download: “A Will’s Basic Requirements”
Free Download: “Memorial Guide”
“Procrastination is the bad habit of putting off until the day after tomorrow what should have been done the day before yesterday.”
VIEW WILLS of FAMOUS PEOPLE
What is a Will?
It is a legal document designating the transfer of your property and assets after you die, and can be written by any person over the age of 18 who is of sound mind and memory. It becomes public information once you pass and subject to probate proceedings should it become necessary (can be very expensive).
A will is almost always less expensive to prepare than a trust. A will is done when it is done and requires no further action or involvement on your part. A trust, however, changes as your life unfolds. The trust will be funded and developed while you are alive, therefore the ongoing work brings about ongoing expenses.
What are the main components of a Will?
Generally speaking, a Will includes the following information:
- Your name and place of residence
- A description of your assets
- Names of spouse, children, other beneficiaries, & alternate beneficiaries, in the event a beneficiary dies
- Specific gifts
- Name of an executor
- Name of a guardian (for any minor children)
- Name of an alternative guardian, in the event your first choice is unable or unwilling to act
- Your signature & witnesses’ signatures
What is a Trust?
A trust is just a different way to transfer your property upon death and many consider it an “alternative method” to a will. With a trust, you have a trustee (yourself or someone you name if you are no longer willing or able) who manages your assets according to your wishes.
Why do people choose a Trust over a will?
The trust differs from the will in that you manage your estate while you are living; a will manages your estate when you pass.
- Unlike a will, living trusts are not subject to probate proceedings
- No court supervision is needed if benefits are challenged or disputes arise. All defers to your successor trustee
- Unlike a will, Trusts are private and not open to the public
- In a Trust, you manage the assets as long as you are alive and mentally capable
- No probate costs if all of your assets are held within the Trust
- You can arrange upon your death that any assets not in the trust at that time can be transferred. This keeps your property and assets out of probate court