Comprehensive estate planning and effective use of wealth transfer vehicles, such as wills, trusts and ancillary documents are some of the best investments you can make on behalf of your family to assure that their needs are met after you have passed away.
A Will, also called a “Last Will and Testament,” is a legal instrument which allows you to specify how your property is to be distributed when you pass away. A Trust is another estate planning method allowing you to control your assets during life and after death. In a trust, property is held by one party (the Trustee) for the benefit of another (the Beneficiary).
Having a valid Will or Trust avoids many problems your family could face when you pass away without a plan. Both Wills and Trusts not only allow you to leave your assets to the people you desire, but also allows you to designate an Executor, the person who you want to manage your estate, and to name a Trustee, the person to manage property you leave to your minor children.
When thinking about “estate planning,” many people do not take into account any of the supplemental legal documents needed for a comprehensive estate plan. During life, unexpected events can be costly and embarrassing if the appropriate “ancillary” documents are not in place. These ancillary documents, along with a valid Will, or often a Trust, complete an estate plan and achieve your objectives during your life, at your passing and after death.
- Last Will and Testament
- Supplemental Estate Planning Ancillary Documents
- Advise on Marital Property Issues
- Will Contests
- Estate Administration (Probate)
- Family Settlement Agreements
The experienced estate planning law attorneys at the Law Office of Diane St. Yves can help assist you, call 281-501-1558 to schedule a consultation or fill in the contact form on this page and meet with one of our attorneys today.
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