While it’s a fact that anyone with any amount of assets should have some form of estate planning in place, more than half of all Americans simply don’t. Between the many available distractions in the world and the naturally morbid undertones of planning for your death, it is easy to see why many people never find the time to meet with an estate planning attorney. However, it is important to force yourself to take these responsibilities into consideration before it is too late. Particularly when you consider that a little bit of planning now can save your loved ones a load of hassle once you are gone.
Determine Whether a Will or Living Trust is Right for You
For some people the mere thought of estate planning stirs up a lot of confusion, and with good reason. Legal jargon is full of complicated terminology that few people understand without the help of legal experts. The least of which is knowing the difference between a will and a living trust, while they may sound like the same thing its important to determine whether one or both methods are right for you. Experienced law firms like Franks & Roeder for example are adept at reviewing their clients assets and helping them determine the proper course of action in the event of their demise.
Find a Reputable Estate Planning Attorney Near You
Depending on your unique circumstances there are certainly areas of crossover between wills and living trusts. For example, in both documents you are able to determine a guardian for your children as well as establish an heir for your property. A major difference however is that a living trust allows your beneficiaries the advantage of avoiding a lengthy probate process. If you are searching for a reputable living trusts lawyer in Davenport, IA contact the law offices of Franks & Roeder today. They will help you makes sense of your estate planning needs while keeping the best interest of you and your heirs at the forefront.
