Creating Wills & Trusts
Guidance from a Daytona Beach Estate Planning Attorney
Estate planning is a delicate but necessary matter for many individuals
and families who seek peace of mind in case the unforeseeable happens.
While few welcome the thought of preparing for one's own death, the
measures you can secure with a will or trust ensure that you still have
a say on important estate matters instead of a judge.
Buckmaster & Ellzey has provide assistance with drafting wills and
trusts to countless clients over the years. Time and time again, we've
given these sensitive matters the vigilance and tactfulness needed to
arrive at a thorough plan that eliminates doubt and uncertainty on estate
issues. A dedicated Daytona Beach estate planning lawyer at our firm is
ready to provide the same service to you during your will or trust drafting!
Wills vs. Trusts: What's the Difference?
A will is a prepared document that is only legally executed in the case
of your death. Chiefly, it concerns what should be done with any remaining
assets left behind.
A will should do the following:
- Select executioner to assign any final wishes
- Name beneficiaries and division of assets
- Choose a guardian for any children (if the deceased was guardian)
- Decide medical issues in the case the grantor becomes physically incapacitated
A trust is only different in that selects a trustee, a person or an entity
(like a bank or corporation) to hold on to certain assets or property
for a temporary amount of time, but then is legally bound to release those
assets to a designated beneficiary. Trusts are often useful when money
is left to children who are still very young. In these cases, a trustee
holds on to this money until the children reach a predetermined age and
then releases the money.
Secure Your Family's Future! We Serve DeLand & Orange City
Many feel that creating these documents themselves is enough to be legally
binding, but too many times wills and trusts are thrown out in court on
technicalities and ambiguities. When this happens, it maybe be up to a
family member, or even a probate judge to then divide your assets.
That's why it's crucial that you seek competent legal counsel to
assist in the establishment of these documents. At Buckmaster & Ellzey,
we know how to craft clear, airtight wills and trusts that will both stand
up in court and guide your family through the decisions you've made for them.
If you or a loved one is thinking about establishing a will or trust, we
invite you to contact us at Buckmaster & Ellzey. We're ready to
assist you with your estate planning needs.