Planning for end-of-life can be difficult for a family, especially when there is no urgency to act quickly. That, however, is the right time to think about these things, and a good place to start is with a Will.
In simple legal terms a Will, often called the Last Will and Testament, is a document in which a person, the testator, details how his or her real and personal property are to be disposed of at end-of-life. Without a Will, or intestate, the distribution of the property of the deceased is determined by a court in accordance with the prevailing laws.
Even with a Will, however, the estate must still go through Probate. Combining a Will with a Trust can simplify or avoid Probate and insures that the wishes of the deceased are carried out.
A well thought out will, drafted by an experienced attorney, provides peace of mind when it is needed most.
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