Wills and Trusts: What Type of Attorney Handles Wills and Trusts?

A will can include various types of trusts, such as ones for minors, spouses, and disabled individuals. 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 are the same as those 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 gives you more control over how assets are distributed upon your death. With a trust, a beneficiary can be given disproportionate shares based on their needs. My wife and I wrote a will and it took some time due to the COVID-19 epidemic. 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.

A will specifies the way your assets are distributed after you die. It may also name individuals to manage your estate in the event of your 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 variations on how these documents are created. A trust allows beneficiaries to make decisions about how assets are distributed. In the case of my late husband, the COVID-19 pandemic slowed the will-writing process. His trusts attorney accelerated the process, and my husband was able to die knowing that his assets were being cared for.

A will is the basic first step in estate planning. It lists your beneficiaries and details the rules for estate administration. Your will is filed with a court when you die. 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. The beneficiary can modify the will at any time if it is a revocable document.

A trust is similar in function to a will. However, a trust serves 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.