No estate succession planning method can promise to eliminate 100% of the risk that something might not go as planned. Fortunately, the law of both WILLS and TRUSTS is well developed and seeks to protect the succession of property according to the deceased owner’s wishes.
In the past the TRUST was considered an estate planning tool for wealthy estates only. It’s now one of the most favored planning methods for estates of all shapes and sizes. A TRUST can provide a wide range of advantages over a traditional WILL. But that’s not to say it suits every family and estate. Despite the many advantages of having a family TRUST, some families and individuals may find greater benefits in a WILL.
Choosing the best estate planning method involves understanding and weighing the advantages and disadvantages in light of your family circumstances.
Attorney at Law