Living trusts and wills
Do you have questions or confusion about the difference between living trusts, wills and living wills? We would like to walk you through the different options and help you to decide which would be the right one for your particular need. Here is a short explanation of these different types of documents:
A will is a legal document that specifies how your property will be divided at the time of your death. You may make changes at any time during your lifetime. It has many features, including the ability to appoint a legal guardian of your minor children.
A living will is drawn up in order to let you make important health decisions in advance, for example whether you desire to remain on artificial life support.
A living trust is used to manage your property both during your lifetime and after your death. Among other benefits, with a living trust you can avoid probate on your assets, plan ahead for what should happen in the event that you are incapacitated, and control what happens to your property after you are gone.