FAQ

Common Estate Planning Questions:

What is probate?

Probate is the legal process that occurs after someone passes away to ensure their assets are distributed according to their will, or by state law if there is no will. It includes validating the will, paying debts, and distributing the remaining assets.

Why do I need an estate plan?

An estate plan ensures that your wishes are honored after your death and can provide for your family, minimize taxes, avoid unnecessary legal fees, and protect your assets. Without an estate plan, state laws will dictate how your assets are distributed.

What happens if I don’t have a will?

If you die without a will (intestate), the state will determine how your assets are distributed, which may not align with your wishes. It can also lead to lengthy legal proceedings and unnecessary complications for your loved ones.

How do I set up a trust?

Setting up a trust involves working with an attorney to draft the trust document, designate beneficiaries, and transfer assets into the trust. Our team will guide you through each step to ensure the trust is structured according to your goals.

What’s the difference between a will and a trust?

A will outlines how your assets will be distributed upon your death, while a trust allows assets to be managed and distributed according to your wishes without going through probate. Trusts can also provide more privacy and control over your assets.

Can I change my will or living trust?

Yes, you can amend or revoke your will or living trust at any time, provided you are of sound mind. We recommend reviewing your plan periodically, especially after major life changes, such as marriage, the birth of a child, or a significant change in assets.

FAQ

Common Estate Planning Questions:

Explore

Contact

Areas Served