Creating Customized Wills And Trusts
Wills and trusts are not only for the wealthy and the elderly. Every adult should have at least a will. Trusts are also useful for preserving your assets.
I am attorney Mark Steinberg. For more than 30 years, clients throughout Florida have turned to me at Mark S. Steinberg, P.A., for determined, trustworthy and attentive legal counsel regarding estate plans. I can explore your options and draft tailored, legally sound wills and trusts for you.
Do You Really Need A Will?
Wills are one of the most fundamental estate planning tools to have. A will lets your surviving kin and the court know how you want your assets distributed and to whom. Without a will, your hard-won possessions could go to people you would not have chosen. It can also prevent conflicts and confusion about your estate.
You should always have a lawyer write your will. Although there are plenty of do-it-yourself options on the internet, the court will not always uphold these. With me drafting your last will and testament, I will do my best to see that your wishes will be honored.
The Many Benefits Of A Trust
A trust is an arrangement in which a trustee – usually a financial professional – manages assets set aside for someone else. You can use a trust to pass money, property and real estate on to someone you love after your death. Trusts also minimize the impact of taxes on these assets. You also have more control over how the beneficiary spends the assets. For instance, you can stipulate that the money in a trust can only be accessed once the beneficiary turns a certain age.