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 successor trustee is usually a spouse, adult child, or close friend. Beneficiaries can be the same as the ones listed in a will. The person named in a will's successor trustee is often the same one. A trust can be created for a minor beneficiary.

A trust gives you more control over how assets are distributed upon your 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. Our trusts attorney helped speed up the process to ensure her client's assets were divided as she desired.

A will specifies the way your assets are distributed after you die. You may also be able to name people who will manage your estate in case of disability. A trusts attorney specializes on trusts and wills. A testamentary trust is a legal document which names a trustee to manage your estate. A will allows you to name guardians and individuals with special needs as guardians.

While a will and trust may seem like the same thing, the two are not the same thing. 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. In the case of my late husband, the COVID-19 pandemic slowed the will-writing process. Fortunately, his trusts attorney expedited the process and his client was able to pass away knowing that his assets were being taken care of.

A will is the basic first step in estate planning. It outlines your beneficiaries and the rules of estate administration. When you die, your will is filed with the court. A representative will be appointed to distribute your assets as specified in the document. 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 to a will. A trust, however, has a different purpose. A trust is not a legal document that outlines the disposition of property. It is important to have a will and trust executed properly to avoid unnecessary problems after death. You must consult an experienced lawyer for such matters. Having a will and trust notarized is very important, as it is required to comply with state laws.