LeeAnne@StrohmannLaw.com

 

770-731-0068

November 17, 2014:  Why I Do What I Do

 

January 28, 2015: Probate Terms in Plain English

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What are Wills and Trusts? 

 

Wills and Trusts are separate Legal documents that give others instructions on how you want your assets handled.  A Will is effective when a person passes away and a Trust is effective immediately once you sign it.  Your estate plan, whether done with a Will, Trust, or both, also includes a durable power of attorney and an Advance Directive.  Your Advance Directive is a living will and health care power of attorney.      

 

Who needs a Will?

-Everyone.  Without a will your estate is distributed by what the statutes dictate, which may, or may not, be what you want.    

 

Reasons for Planning with Trusts:

-Conserve property

-Remove property from business risks

-Delegate financial affairs to trustee

-Safeguard inheritance

-Provide direction to a trustee

-Provide for children’s health and education

-Provide for parents

-Provide for surviving spouse

 

 

WILLS & TRUSTS

 

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