A Trust is a legal document that allows you to avoid Probate and give more of your assets to your loved ones.
A will is a Probate document that directs your estate into the Probate Court at a substantial expense - most people need more than just a Will.
Everyone should plan for the gifting of their assets. Without a plan, your assets may not be given to those whom you intended to have them.
We all want our Estate Assets to go to those people whom we have designated in our will or Trust. Without some planning, your assets may not go to those people. If you do not have a plan, your State Government and their Statutes will decide who will get your assets. With some basic estate planning, you can set up a solid Estate Plan that will ensure your intended beneficiaries will receive the assets you left behind for them to have. Your estate is made up of all of your assets. Assets are made up of the property you own and include things like your cars, home, bank accounts, jewelry, clothing, tools, electronics, equipment , furniture, etc. Most people should do some type of estate planning. Whatever type or extent of estate plan you do is not only for your own peace of mind, but the primary reason to do some planning is to make things easier for the family you leave behind.
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