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. The property is transferred to the successor trustee if the original trustee becomes incapacitated or dies. A spouse, an adult child, or a close friend is the usual successor trustee. Beneficiaries can be the same as the ones listed in a will. A successor trustee is often the same as the person named in the will. A trust can be created for a minor beneficiary.

A trust allows for more flexibility in distributing assets upon 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 in wills and trusts. A testamentary trust is a legal document which 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 ways these documents can be created. A will is typically divided evenly among heirs, while a trust gives a beneficiary the ability to distribute assets based on their needs. The COVID-19 pandemic, which struck my husband in the late years, slowed down the process of writing a will. His trusts attorney accelerated the process, and my husband was able to die knowing that his assets were being cared for.

The first step in estate planning is a will. It outlines your beneficiaries and the rules of estate administration. Your will is filed with a court when you die. 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. If the will is a revocable document, the beneficiary can change it at any time.

A trust is similar in function 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.