Wills, trusts, estates… What’s what & more importantly, what do you need?
In a nutshell:
A will is a legal document that includes your instructions for what you want to occur after your death.
A living trust is a partial substitute for a will. While you’re alive, your assets, including your home, property, bank accounts and stocks, are put into a trust.
Estate planning refers to the process of preparing for your future needs in the event that you’re unable to take care of yourself.
And the most important thing to know? You need an attorney.
Find out more about estate planning by visiting the Law Offices of Lorenzo L. Angelino online.