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

You can have many types of trusts in a will, including ones for minors and spouses as well as those for disabled people. When the original trustee dies or becomes incapacitated, the property is distributed to the successor trustee. A successor trustee is usually a spouse, adult child, or close friend. Beneficiaries are the same as those 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 gives you more control over how assets are distributed upon your 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. 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.

The will defines how your assets are to be distributed after you pass away. You may also be able to name people who will manage your estate in case of disability. A trusts attorney specializes on trusts and wills. 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 variations on how these documents are created. A trust allows beneficiaries to make decisions about how assets are distributed. The COVID-19 pandemic, which struck my husband in the late years, slowed down the process of writing a will. Fortunately, his trusts attorney expedited the process and his client was able to pass away knowing that his assets were being taken care of.

A will is the basic first step in estate planning. It lists your beneficiaries and details the rules for 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. The beneficiary can modify the will at any time if it is a revocable document.

A trust is similar to a will. A trust, however, has a different purpose. While a will is a legal document that specifies the disposition of property, a trust does not. It is important to have a will and trust executed properly to avoid unnecessary problems after death. For such matters, you should consult an experienced lawyer. It is important to have a will or trust notarized, as it is necessary for compliance with state laws.