Documenting Legacies For Peace Of Mind
A will is among the best-known legal documents in our society. Nearly everyone is aware of what a will does. However, not many people understand details such as how a will should be formalized to be valid.
Creating a will is not on most young people’s minds, although the lack of estate planning can create havoc and heartache in a family when anyone, even a young adult, dies unexpectedly. People who do have wills often neglect to update them after moving to a new state or experiencing life changes. Furthermore, some existing wills have flaws that leave open the possibility of will contests.
For these and other reasons, we at Hayes Copenhaver Crider Harvey encourage anyone who is considering estate planning to seek legal counsel, the sooner the better. Our team includes lawyers who help clients tailor wills to meet their unique priorities and life circumstances.
Wills spell out how assets should be distributed after someone’s death. A will can also name preferred guardians for minor children and incorporate other final messages to survivors. However, many people prefer to keep as many assets as possible out of the reach of wills and probate. Many pursue these goals by creating trusts that give trustees the power to manage assets without the involvement of a probate court.
Common trusts include the following:
- Revocable trusts
- Irrevocable trusts
- Generation-skipping trusts
- Special needs trusts
Each type has unique features, advantages and disadvantages. An in-depth exploration of options is advisable as part of the estate planning process.
Let’s Talk About Your Will (And, Possibly, Trusts)
Learn why everyone – even people who put most or all assets into trusts – should have at least a pour-over will. Learn how to put your assets into trusts after you have established those trusts.
Whatever concerns you have related to a will or trusts, you are doing the right thing by looking for an attorney to guide you. Create customized testamentary documents that will meet your needs and those of your family and/or charities that you may decide to leave assets to.
Request An Estate Planning Conversation
Our law firm has earned the confidence of the Castle Rock community since 1911. Each of us is committed to living up to our clients’ high expectations.
To schedule a consultation about your will and/or trusts, call 765-422-3020 or send an email message by completing an online inquiry form. We also advise executors and trustees who are responsible for administering estates.