Wills and Trusts: What Type of Attorney Handles Wills and Trusts?

A will can include various types of trusts, such as ones for minors, spouses, and disabled individuals. The property is transferred to the successor trustee if the original trustee becomes incapacitated or dies. A spouse, an adult child, or a close friend is the usual successor trustee. Beneficiaries are the same as those listed in a will. A successor trustee is often the same as the person named in the will. A trust can be created for a minor beneficiary.

A trust allows for more flexibility in distributing assets upon death. A trust allows beneficiaries to be granted disproportionate shares according to their needs. My wife and I wrote a will and it took some time due to the COVID-19 epidemic. However, our trusts attorney was able to speed up the process and ensure that all of her client's assets were distributed as she wanted.

A will specifies the way your assets are distributed after you die. You may also be able to name people who will manage your estate in case of disability. A trusts attorney specializes in wills and trusts. A testamentary trust is a legal document that names a trustee to manage your estate. The main benefit of a will is that it allows you to name guardians for minor children and other individuals with special needs.

Although trust and a will may appear to be the same thing, they are different things. There are many ways these documents can be created. A will is typically divided evenly among heirs, while a trust gives a beneficiary the ability to distribute assets based on their needs. The COVID-19 pandemic, which struck my husband in the late years, slowed down the process of writing a will. His trusts attorney accelerated the process, and my husband was able to die knowing that his assets were being cared for.

A will is the basic first step in estate planning. It outlines your beneficiaries and the rules of estate administration. When you die, your will is filed with the court. Your assets will be distributed according to the instructions in your document by a representative. You can have a complex trust or a simple one-page document with instructions on how to distribute the assets. If the will is a revocable document, the beneficiary can change it at any time.

A trust is similar to a will. However, a trust serves a different purpose. A trust is not a legal document that outlines the disposition of property. To avoid any problems following death, it is crucial to have a trust and a will properly executed. You must consult an experienced lawyer for such matters. Having a will and trust notarized is very important, as it is required to comply with state laws.