Will & Trust Formation

Will & Trust Formation

Will & Trust Formation

Wills and trust are both estate planning documents that allow you to nominate beneficiaries after your death. Wills must be signed and notarized by the owner of the estate. A will allows you to write down your wishes for your property and possessions after your death. If you die without a will, the law will determine how your assets are distributed. 

Establishing a trust is better than creating a will to pass your assets to your beneficiaries because it minimizes the risk of court battles and a Will can’t be used to achieve this.

The following are the advantages of creating a trust over a will for your heirs: 

  1. It avoids probate, a will does not. 
  2. It may offer creditor protection for your inheritances, a will cannot. 
  3. It can administer your assets for minor heirs without the need for court intervention.
  4. Based on the trust terms the authority of immediate asset distribution to the beneficiaries is possible by the trustee.

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