A will provides instructions for how someone wants his or her property treated after death. A person’s will applies only to assets owned solely in his or her own name: assets owned jointly (such as a married couple’s home) may pass to the survivor, while assets having a beneficiary designation (such as an IRA or life insurance policy) pass to named beneficiaries. As we prepare your will, we will help you survey your assets and clearly express your wishes for them. The goal is to honor your intentions and ensure that the persons you designate will inherit the property you wish them to receive.
Trusts are independent entities that can own and convey assets. Trusts can avoid probate, reduce taxes and protect family members. A typical trust involves one or more “grantors” (whose assets are paid into the trust), “trustees” (who administer the trust) and “beneficiaries” (who receive benefits from the trust). Depending on financial goals, you can create a trust while still alive, or as part of an overall estate plan to benefit survivors after your death. We can help you explore how trusts can help you serve financial and legal goals for yourself and important people in your life.