TRUST or WILL - which is right for me?
Many of my clients call asking whether they should have a will or a trust. Like so many things in life, the answer is "it depends”.
If your goal is avoiding probate, maybe a community property agreement is the answer rather than a trust.
On the other hand, if your goal is:
• Avoiding estate taxes,
• Protecting your child’s inheritance from divorce,
• Avoiding probate of out-of-state real estate,
• Dealing with second marriage issues,
• Protecting a disabled child, etc.
Maybe a trust is the best way to achieve your goals.
Contact me to review your goals and we will together figure out what’s right for you and your family.
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Elizabeth A. Perry has been helping Clark County residents with their estate planning and probate needs since 1976. She is a frequent seminar speaker. Her practice emphasizes probate, Medicaid issues, wills, trusts, incapacity issues, durable powers of attorney and guardianships. Phone: (360) 816-2485 Fax: (360) 816-2486.
(The above should not be construed as specific legal advice and is intended for general information purposes only.)
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