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 successor trustee is usually a spouse, adult child, or close friend. Beneficiaries can be the same as the ones listed in a will. A successor trustee is often the same as the person named in the will. The trust can be made for a young beneficiary, such as a minor.

A trust allows for more flexibility in distributing assets upon death. A trust allows beneficiaries to be granted disproportionate shares according to their needs. Due to the COVID-19 outbreak, it took us a while to write a will. Our trusts attorney helped speed up the process to ensure her client's assets were divided as she desired.

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 which names a trustee to manage your estate. A will allows you to name guardians and individuals with special needs as guardians.

While a will and trust may seem like the same thing, the two are not the same thing. 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. A trust can be very detailed, or it can be as simple as a single page with instructions for distributing the assets. If the will is a revocable document, the beneficiary can change it at any time.

A trust is similar to a will. A trust, however, has 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. For such matters, you should consult an experienced lawyer. Having a will and trust notarized is very important, as it is required to comply with state laws.