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. When the original trustee dies or becomes incapacitated, the property is distributed to the successor trustee. A successor trustee is usually a spouse, adult child, or close friend. Beneficiaries are the same as those 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. 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.

The will defines how your assets are to be distributed after you pass away. 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 that names a trustee to manage your estate. A will allows you to name guardians and individuals with special needs as guardians.

Although trust and a will may appear to be the same thing, they are different things. 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. Fortunately, his trusts attorney expedited the process and his client was able to pass away knowing that his assets were being taken care of.

The first step in estate planning is a will. 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. You can have a complex trust or a simple one-page document with instructions on how to distribute 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. 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. 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.