Creating Wills & Trusts
Guidance from a DeLand 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 DeLand 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.