Concentration - WILLS and PROBATE
Wills:
Everyone should at least have a Will. A Will is a written communication by which a person directs how their estate is to be distributed upon death. The estate consists of property which is left behind by someone after death. Without a Will, the Courts and/or the State may determine who or if anyone gets your property upon death.
The Will can establish trusts for minors who may be beneficiaries. For example, without a Will, typically assets are held until your child/children reach the age of 18. Then the assets are given to them. With a trust, the assets can be held and managed by a Trustee, who can arrange to take care of your child’s needs while they are minors. You can also restrict the amount a child receives even as they become adults. For example, you can direct that you child receives 1/3 of your estate when they become 21, half of the remaining estate when they reach 25, and the balance upon reaching 30 years of age.
Call us to inquire about our low cost Will package which includes a Will, Living Will, Health Care Proxy, and Power of Attorney.
Probate:
Probate is the Court supervised process of administering your estate after death. Probate of most estates runs very smoothly, although many people attempt to avoid the process completely. Call us and let us help you with any questions involving probate of the death of a family member or friend.
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