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Wills. Wills are the most basic of estate planning documents. Wills are basic instructions to a court how a deceased person wanted to distribute his or her money and property. Everyone who is concerned how their assets will be divided and distributed when they die should (at the very least) have a current and valid will. Unfortunately, the vast majority of Americans die without wills, and the consequences vary greatly with individual circumstances. Every adult should think about making a will, and the need grows as your assets and family ties increase. Trusts. Trusts are separate legal entities set up by you for certain beneficiaries (i.e. spouse, children). Trusts can be revocable (living) or irrevocable. Trusts can also be created along with a will that "pours over" assets into the trust upon your death. You can place (fund) many types of assets in the trust such as your home, cars or investments such as stocks, bonds or IRA's. There are many reasons for considering a trust, including:
A trust is also sometimes beneficial to protect certain assets and provide for estate distribution to a child upon reaching a certain responsible age (i.e., 21). All services include a free initial one hour consultation with an attorney who will answer your questions or concerns, collect relevant information (re: assets, desired conservator, guardian, etc.), educate you on the benefits of a particular estate planning device (suggest investments, possible fiduciaries, etc.) and suggest appropriate estate planning devices to fit your needs and budget. All documents below include witness and notarization fees and duplicate copies:
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Copyright © 1999 The Law Offices of Mark D. Svejda. All rights reserved. |