TRUST or WILL?
Many of my clients call asking whether they should have a will or a
trust. Like so many things in life, the answer is “it depends”.
If your goal is avoiding probate, maybe a community property agreement
is the answer rather than a trust.
On the other hand, if your goal is:
• Avoiding estate taxes,
• Protecting your child’s inheritance from divorce,
• Avoiding probate of out-of-state real estate,
• Dealing with second marriage issues,
• Protecting a disabled child, etc.
Maybe a trust is the best way to
achieve your goals.
You should review your goals with an attorney who specializes in estate
planning to know what’s right for you.
|
Elizabeth A. Perry has been helping Clark County residents with their estate
planning and probate needs since 1976. She is a frequent seminar speaker.
Her practice emphasizes probate, Medicaid issues, wills, trusts, incapacity
issues, durable powers of attorney and guardianships. Phone: (360) 816-2485
Fax: (360) 816-2486.
(The above should not be construed as specific legal advice and is intended
for general information purposes only.)
|
