Wills & Trusts

Weight Lifting Class

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 effectivewhen 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.