Do You Need a Will or a Trust?

Do You Need a Will or a Trust?

1. Do you have children under 18?
2. Do you have children with special needs?
3. Are you leaving money to anybody under 18 or with special needs?
4. Do your children have problems managing money?
5. Are you children young, but over 18? (young people tend to spend rapidly…)
6. Do you want to just about guarantee no probate?
7. Do you want somebody you trust to manage your money if you can’t?
8. Is your estate going to be subject to estate taxes?
9. Do you have more than simple instructions for your assets?
10. Do you want to minimize fees and costs?
11. Do you have a blended family?

If you answered yes to any of these questions, you most likely need a trust…

Otherwise, we can probably use other techniques to pass your assets without probate.

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from DeWitt Law Firm, PLLC