Wills And Trusts – What Is Right For You?
Your Will — The Foundation Of Estate Planning
The foundation of every estate planning strategy is a last will and testament. Without an updated plan in place, your spouse and children may be subjected to the terms of the probate court and litigation. Every time you experience a major event such as divorce, marriage, remarriage or the birth of a child or grandchild, you need to make sure your will is updated and takes into account each change. It is one of the most important asset protection strategies, even if you don’t feel you have significant assets in your estate.
Trusts — Taking The Next Step To Protect Your Legacy
People often think that trusts are for the wealthy, but anyone can set up a trust to meet his or her specific needs. Trusts can be set up to support a favorite charity — now and after you pass — or to send your grandchildren through college. You can exercise the option of placing real property in trust while you continue to live on the property. Trusts aren’t only for reducing your tax liabilities. They are for giving you the peace of mind that your assets will be distributed and used exactly the way you intend.
If you live in Sacramento County or Placer County, California, call the wills and trusts lawyers at sherlock // anderson, pc, in Roseville. We offer a wide range of services and can help you with options such as:
- Drafting or updating your last will and testament
- Setting up a living trust or testamentary (after death) trust
- Living wills, also known as advance health care directives
- Litigation risk management and asset protection strategies
- Reverse mortgages