Wills and Living Trusts.
We firmly believe that everyone should have a Will or Living Trust.
A “Will” is a document stating final instructions on how ones assets should be distributed upon their death. A will allows you to distribute your wealth and assets according to your goals or desires.
A “Living Trust” (also called an “inter vivos” trust) is simply a trust you create while you’re alive, rather than one that is created at your death. A trust is an arrangement under which one person, called a trustee, holds legal title to property for another person, called a beneficiary.Since trusts usually avoid probate, your beneficiaries may gain access to these assets more quickly than they might to assets that are transferred using a will.
One should not assume that, absent a Will or Trust, their assets will automatically pass to those who should inherit them. We often hear horrible stories about family feuds that erupt over property after a loved one’s death. A lot of times, a valid will or living trust can eliminate a lot of this confusion and bickering. A will or living trust can also help insure the care of a spouse or children by building in protections or naming a guardian for minor children.
Wills and Trusts are not only used for family planning, but for business successions. At the Law Office of Timothy B. Moore, LC, we explore different ways to utilize these tools according to the client’s individual desires. Whether you need a simple Will or something more complex, we have the knowledge and experience to help you achieve the result you want.
Proverbs 13: 22 A good man leaves an inheritance to his children’s children…
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