There are a lot of options available in estate planning, and readers may understandably not know what to choose. What's important to remember is that most choices are not mutually exclusive. Said another way, a comprehensive estate claim may contain several tools, including a last will and testament, one or more trusts, an advanced health care directive, and a financial power of attorney.
A person can have many different goals for a trust they are including in their estate plan. This could include protecting their assets. There are various different kinds of trusts that can serve asset protection purposes.
The holiday is an opportunity to spend more time with family and loved ones. Those warm thoughts may inspire the giving of gifts. Our estate planning law firm also hopes that the spirit of the season will motivate individuals to protect their loved ones with an estate plan.
Our law firm focuses on estate planning. One of the tools that we recommend to many clients is a living revocable trust. This type of trust offers many benefits, including the avoidance of probate. Best of all, the creator/owner of the trust can change his or her mind at any time, without consequences. A simple document, indicating a restatement of trust, can make those changes happen.