Most people assume that trusts only matter when you’re gone, or that a will is all you need, but both are misconceptions.
Trusts are the most widely-used estate planning tool these days, not only because they allow you to protect your family and implement a structure for their inheritance when you die, but also because they reliably allow people to care for you while you’re disabled, too. Trusts provide for much more than just “who gets the money.”
And truthfully, you don’t need a will at all. We are all going to pass away whether we do estate planning or not. A more accurate statement is that wills (and their crucial counterparts, trusts and powers of attorney) allow you to live better, because with them in place, you’ll be secure with the knowledge that your family, friends, and charities will be cared for when you’re gone or incapacitated. You don’t need any of these things, but it is the responsibility of mature, conscientious adults to organize their assets and provide for their loved ones when they can’t do it themselves.
That’s what we do here at Stock Legal. We offer basic estate planning and administration services, including the preparation of last wills and testament, revocable living trusts, powers of attorney, living wills and other healthcare documents, irrevocable trusts, estate and trust administration, and estate and gift tax return preparation.