Living Trusts, Wills, & Estate Planning

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Living Trusts - Wills - Estate Planning

What is the difference between a Will and a Living Trust?
In many ways, a Will and a Living Trust serve the same
purpose, i.e. to provide a set of instructions as to how you would like your property to be distributed to your loved ones, in the event of your death. However, a Living Trust has the advantage of avoiding probate, which is a somewhat time-consuming and expensive court proceeding.

Should I consider a Living Trust, even if I already have a Will?
In most instances, it is recommended that you switch
to a Living Trust, even if you already have a Will, in order to avoid probate.

Can a Will or Living Trust reduce or eliminate inheritance or estate taxes?
Yes. If your estate is large enough to be subject to gift,
estate, or inheritance taxes, a Will or Living Trust,
combined with other estate planning, can substantially
reduce or in some case eliminate such taxes all

What if my children are still minors?

If your children are too young to manage their own finances, you can designate a Guardian for your
children and can also designate a responsible adult to manage your children’s finances until they reach adulthood.

What are my medical care options?

As part of our services, we will prepare for you a
Power of Attorney for Health Care or Health Care Directive, which will allow you to designate a person of your choice to make medical decisions for you if, due
to injury or illness, you are not able to make those decisions for yourself.

How much time is required on my part?
Usually, just two appointments are required. At the
first appointment, we meet and discuss your goals, concerns, and objectives. Then a draft of the documents is usually mailed to you for your review, after which there is a second appointment for those documents to be signed.
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