Do You Need To Customize A Will?
Wills form the base of any solid estate plan. Since you have many options when making a will, working with a skilled estate planning lawyer is crucial to create an effective document.
The Law Offices of Linda J. MacKay has assisted clients in San Jose and throughout California with wills, trusts and estate plans for more than 30 years. We provide comprehensive, high-quality advice and customized legal solutions to our clients.
Wills Vs. Trusts: Which Do You Need?
Many people wonder whether their estate plan needs a will, a trust or both. Each option has its benefits and its drawbacks. These are the major differences between the two:
- Wills: With a will in place, you can pass your estate to beneficiaries and select an executor. However, your estate is still subject to probate, a costly and time-consuming public court process, at your death. If you become incapacitated, a will does not allow your executor to manage your assets during your lifetime.
- Living trusts: Living trusts bypass probate and put your trustee in charge of the assets in your trust right away. This can keep the distribution process private and make it less expensive and complicated. The trustee manages your assets until your beneficiaries reach a certain age. There are also management options for children or adults with special needs. Living trusts also allow your trustee to manage your estate during your lifetime if you become incapacitated.
The Law Offices of Linda J. MacKay can work with you to determine whether a will, a trust or a combination of both would suit your estate-planning needs.
Get A Custom Will
The sooner you create your will, the better. It will ensure that your assets go to the people you wish. Schedule a consultation with our law firm to make a will and discuss your estate plan. To schedule with us, call the Law Offices of Linda J. MacKay or send us an email.