A will is a document that states how you wish your estate, which includes all your possessions, such as a home, other real estate, a car, bank accounts, investments, life insurance, furniture, jewelry, art, and other personal possessions, will be distributed after your death.
A will does not help your loved ones avoid the costly and lengthy probate process, you need a trust in order to avoid probate. However, if you project that all of your property at the time of death will not exceed $150,000, a will can help ensure that the assets you want to go to certain people or organizations go to those people and organizations.
A will can also outline your wishes for your funeral arrangements to unburden your family in this time of grieving.
If you have a trust, you will need what is called a pour over will, which ensures the instructions and wishes you expressed in your trust are carried on after your death. If The Law Offices of Deborah Azar, P.C. assists you with your estate plan, we will customize your estate plan to include, among things a trust and pour over will, if that is the best fit for you and your family.
The Law Offices of Deborah Azar, P.C. can help you determine if you need a will or a trust and assist you with every aspect of your estate planning.