Wills and trusts are two of the most commonly used estate planning documents. Both documents are legal vehicles designed to distribute your assets to your loved ones upon your death, but the way in which they work is quite different. To know the best way to determine whether or not your estate plan should include a will, living trust, or some combination of the two, meet a Personal Family Lawyer for a Family Wealth Planning Session.
As business owners, you've likely presented with legal documents that contained terms you didn't fully understand. You may have even signed documents that you didn't completely read because you were intimidated by the confusing legalese. Unfortunately, such scenarios are far too common, but it doesn't have to be. Rather than creating confusion and anxiety, the agreement process should be your opportunity to create clarity on your relationships, policies, and delivery of your product or services.
In case you missed all of the commercials for floral arrangements that have been airing recently, here’s one final reminder: Mother’s Day is this Sunday, May 9th. But before you spend your money on something that will wilt and die within a week or two, consider getting Mom a truly priceless gift—a plan for her kids that provides her with peace of mind that, when something should happen to her and dad, her children will always be in the care of the people she knows, loves, and trusts.