Wills, Trusts, and Estates

 The last thing anyone really wants to think about is their will but it is something we all have to deal with someday. Why not take care of it sooner rather than later? One less thing to worry about, and who doesn’t want peace of mind? 

Setting up your will not only gives you peace of mind, but it also eliminates any confusion about your last wishes. This can help because it will limit any significant legal action. While we would all hope or loved ones would be able to agree on what the best way to handle our estates would be that is not always the situation. Nasty legal battles cost money and can ultimately limit the amount of the estate that is left. 

Your will lays out the plan you are leaving behind on how to handle your assets, who they are distributed to, and what they are to be used for. It can also help protect assets while you are alive and after your death. This can have serious implications for tax purposes and can help your family avoid unnecessary tax ramifications. 

Planning your estate can help with current taxable assets by creating trusts. Certain trusts can be set up while you are alive to protect assets and to help provide for your loved ones. You can also put certain qualifications on the trusts for how and what things the trust can be used. 

The other reason to plan your estate is so that you can avoid leaving your loved ones with unnecessary funeral expenses or other costs. You can also have a say in how your medical treatment will be conducted, who will be in charge of making decisions for you, and how to care for your spouse or other loved ones.

It is not a fun thing to sit down and plan out the end of your life, but it is a task that will help those around you the most. Let your loved ones celebrate your life instead of worrying. Contact us today to discuss your options.