It is essential to have a Will, at every stage of your life. However, if you want to avoid the expense, delay and administrative complexity of Probate you will probably need a Trust.
You can avoid Probate even if you have a Will, but you need to plan very carefully. We can advise you whether, in your specific situation, you need a Will or a Trust so that you can make an informed decision.
A properly drafted Trust or Will provides the guidelines for the distribution of your property, establishing care and supervision for any living children, and communicate any of your other wishes upon your death. This legal direction will be necessary when you leave property to a person or entity besides a blood relative, such as a charity or a friend. If you happen to die without having a will, the court will determine how your property gets distributed, who will care for your dependent children, and even what happens with your pet. Essential, decisions will be made on your behalf that may not reflect your true wishes.
Contact the Law Office of Ronald E. Doty Jr., A Professional Corporation today to learn more.
