Protecting Your Loved Ones, Lifestyle and Legacy


CONTACT US TODAY FOR A FREE CONSULTATION

  • This field is for validation purposes and should be left unchanged.

Our Attorneys

Of Counsel: Meghan N. O'Brien
Colleen Quinlisk Siau

From Our Blog

Wills Vs. Trusts:  Take Control of Your Wealth Distribution!

You work hard for your money and want to ensure that your wealth distribution goes according to your wishes upon death. Sadly, many people simply don’t understand the difference between wills and trusts and how they can affect inheritance. Don’t be one of them!  Take control of your wealth distribution by understanding what wills don’t control and the benefits of a trust.  Wills vs. Trusts, you need to know the difference.

5 Things a Will Does Not Control

Most people believe that a will encompasses and controls all of your assets. That is simply not the case. Proper asset ownership for will-based plans can be confusing. However, the bottom line is that a will only controls assets in individual names; it does not control:

  1. Trust assets
  2. Retirement accounts / pension plans
  3. Life insurance
  4. Annuities
  5. Employee benefits

While having a will allows you to avoid having a court decide who gets what, a trust can generally protect you even further.

5 Benefits of a Living Trust

There are many benefits to a living trust, including these five:

  1. Avoiding the public, costly and time-consuming court processes at death (probate);
  2. Avoiding the same regarding incapacity (conservatorship or guardianship);
  3. Providing for spouses without disinheriting children;
  4. Saving estate taxes in some cases;
  5. Protecting inheritances for children and grandchildren from the courts, creditors, spouses, divorce proceedings, and irresponsible spending.

There are many types of assets which …

MORE…