A trust is an arrangement that allows a trustee (i.e. third party) to hold assets on behalf of a beneficiary(s). The arrangement of a trust varies and can be done in many ways according to your specific wishes.
Other trust benefits include Safeguarding wealth, privacy, probate savings, and protection.
A will is a legal document that states your specific wishes regarding the distribution of your property and the care of any minor children.
A will allows you to decide how your special belongings such as cars, businesses, or investments should be distributed. A will allows you to provide to your minor children, giving them access to your assets. You may wish to even direct your assets to a charity of your choice, if that is what your will states.
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If you are unsure about where to start, we are here to help you construct a detailed plan and give you helpful advice. Contact us today for a free consultation and allow us to better protect your assets and loved ones.