Making an estate plan that takes care of all the considerations you have can be a complex undertaking. While simple estates might only require a will, other more complex estates might require a combination of a will and several trusts. Understanding what you need to make your estate plan accurately represent your desires can take some thought. We can help you to discover the appropriate methods to plan for your loved ones when you die.
In our post last week, we discussed how you can take care of your pets. That is only one small consideration when it is time to make sure you cover all the bases for your estate. There are several other types of trusts that you might be able to use. We can help you learn about each type of trust so that you can make choices about how to set up your estate plan.
If you don’t want your loved ones to have to wait until you die to reap the benefits of your estate, we can help you learn about an inter vivos trust. This type of trust enables the beneficiaries to receive funds from the trust while you are still alive. That is a direct contrast to the testamentary trust, which only disburses funds upon your death.
We know that setting up an estate plan and establishing trusts takes a lot of thought. We can help you learn about all the options you have so that you can make a choice that you are comfortable with and that enables you to care for your loved ones.