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 can be the same as the ones 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. A trust allows beneficiaries to be granted disproportionate shares according to their needs. Due to the COVID-19 outbreak, it took us a while to write a will. Our trusts attorney helped speed up the process to ensure her client's assets were divided as she desired.

A will specifies the way your assets are distributed after you die. You may also be able to name people who will manage your estate in case of disability. A trusts attorney specializes in wills and trusts. 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 will is typically divided evenly among heirs, while a trust gives a beneficiary the ability to distribute assets based on their needs. The COVID-19 pandemic, which struck my husband in the late years, slowed down the process of writing a will. His trusts attorney accelerated the process, and my husband was able to die knowing that his assets were being cared for.

The first step in estate planning is a will. It lists your beneficiaries and details the rules for estate administration. When you die, your will is filed with the court. 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. 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. To avoid any problems following death, it is crucial to have a trust and a will properly executed. 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.