Do You Need A Will, A Trust Or Both?

Wills and trusts are often discussed together because they are the two most basic estate planning documents. However, they are very different from each other and serve different purposes. If you are starting to think about establishing your estate plan, it is likely that you want to learn more about wills and trusts.

With more than 30 years of experience, Adair & Baker, L.L.C., has helped many people just like you who are starting the beginning stages of estate planning. We offer timely advice and clear-cut language to walk you through the process. To schedule your free initial consultation with one of our lawyers, call us at 770-623-6484.

What Is A Will?

A will, or "last will and testament," states your final wishes regarding the distribution of your property and assets at the time of your death. Additionally, your will can name an executor to handle your final affairs during probate, name guardians for your minor children and even provide directives for your pets. Read more about why you need a will or the initial questionnaire to create a will.

What Is A Trust?

There are many different types of trusts that can go into effect either during your lifetime or upon your death. A trust holds property for a beneficiary or beneficiaries. They can be useful for reducing estate taxes and avoiding probate.

It is not always necessary to establish a trust, and we only advise clients to do so when we believe it is in their best interests. We first identify the size of your gross estate. If your estate is not more than $11 million, it is often more advisable to draft a will and forego a trust. While a trust can help you avoid probate, the probate process in Georgia is rather streamlined and cost-effective. We can balance all of these factors, steer you in the right direction and determine if a will can meet your estate planning needs.

Contact Our Attorneys To Discuss Your Needs

Whatever the size of your estate, our lawyers can help you meet your estate planning objectives through wills and trusts. Schedule your free consultation today by calling us at 770-623-6484 or by contacting our Alpharetta law firm online. Se habla español.