What is Estate Planning?

Estate planning tools – wills and trusts – allow a person to spell out how they wish their property to be distributed upon their passing. A will enables a person to determine the distribution of their property, and to nominate their executor and guardian of their children. A trust differs from a will in that it is an actual legal entity. Like a will, a trust spells out how property is distributed and allows for customization in the distribution of an estate with the added advantages of property management and probate avoidance.

Wills and trusts are not mutually exclusive. While not everyone with a will needs a trust, all those with trusts should also have a will.  To learn more, click on the link below to watch a short video:
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