Wills And Trusts

The Pitfalls of a Will

  • Wills alone require probate (proving) - generates attorney fees and extreme delays are possible before your loved ones can receive their inheritance.
  • Wills are fully public. They are open to inspection by anyone who wants to know about your will and affairs.
  • Wills offer no planning or direction for you or your family in the event of your disability.
  • Wills create the requirement of the signature of even unhappy relatives on a release.
  • Wills most often don't control the disbursement of their maker's life insurance proceeds, retirement benefits, or jointly-owned property.
  • Wills often don't capture the hopes, fears, dreams, values and ambitions of their makers.
  • Wills may not be effective when their makers move to or own property in another state.

The Pitfalls of a Trust

  • Although adding a living trust appears to be better than a stand alone will, assets do not avoid probate unless placed in and "funded" through the trust or trusts.
  • Most living trusts alone are legal forms that do not contain instructions for loved ones. 

Sutter, Summers & Lydon law firm will give you the right advice and peace of mind to help you be sure you're meeting your objectives while making decisions.

Contact us by email, plydon@suttersummerslydon,com, or call us for a free consultation.