Wills and trusts are important legal documents that are used to decide how your assets are to be distributed upon your death. As an experienced estate planning lawyer serving the residents of El Dorado, Sacramento, and Placer Counties, I can help you create the will or trust that best caters to your specific needs. It is important to understand the difference between the two as well as your options in the matter. I can provide you with the sound legal counsel you deserve, assisting you in creating a well-drafted legal document that will protect your family and your estate.
My firm offers free estate planning consultations and individualized service. Call (888) 487-3361 today.
A will, also known as a last will and testament, is a written set of instructions that specify how you want your assets distributed upon your death. You are given the freedom to alter or revoke your will at any given time. It becomes effective upon your death. Then, your estate will then go through the court-ordered process of probate. If you wish to leave money to a non-family member or charity, then you will need a will.
A trust is also known as a living trust, revocable living trust, or inter vivos trust. This document determines the division of your assets upon your passing. It becomes effective as soon as you create it with an estate planning attorney. You must transfer your assets into the trust in order for them to be included within the document. If they are not transferred over, your assets fall under the terms of your will.
If a will or trust is not created before you pass away, the court becomes responsible for managing your affairs. Your family is then left with the burden of probate without a written set of instructions. Instead of leaving your family thus unprotected, create an effective legal document. With more than ten years of experience, I can provide you with the guidance you need to create a well-drafted will or trust.
Request a free estate planning consultation with Attorney Kraft, an El Dorado estate planning attorney. Call (888) 487-3361 today.