Why a #trust is not just for the wealthy. Avoid probate! #retirement #legacy #family #peaceofmind

We are not attorneys and not providing legal advice. We are speaking from experience and attorneys are apart of our team.

Leaving a #legacy for your #familly is the ultimate goal. The estate attorneys we work feel that avoiding probate court and the expenses associated with it, makes having a trust necessary. Another goal is to protect what is ours, that is definitely the case if assets need to be protected from lawsuits.

Those are strong reasons for a trust and not solely relying upon wills. Ultimately, whether you choose a trust or a will, the goal remains the same: to leave a lasting legacy for your family and loved ones.

Trusts vs. Wills: Ensuring a Lasting Legacy for Your Family

While trusts are often associated with the wealthy, they can be valuable estate planning tools for individuals of various financial backgrounds. Here's why trusts are not just for the wealthy:

• Privacy: Unlike wills, trusts are private documents and do not go through probate, offering a level of privacy that some may prefer. And, the amount of money saved by avoiding probate court cannot be understated.

  
  

• Control: Trusts allow for more control over how and when your assets are distributed to your beneficiaries, even after your passing. Yes, the more wealth means more to control.

  
  

• Asset Protection: Trusts can provide protection for your assets from creditors and lawsuits, ensuring your beneficiaries receive their intended inheritance. This is vital.

• Incapacity Planning: Trusts can also outline instructions for managing your assets in case you become incapacitated, offering a comprehensive estate planning solution. Doing the research of people becoming permanently debilitated are important to note.