What Is The Difference Between A Living Trust And A Will?

Thinking about creating either a living trust or a will may be a bit macabre to some people since it reminds them of their own mortality.  However, it is something that should be considered by all individuals who want to ensure that his or her property and assets are distributed in a manner they see fit after he or she passes away.

What is the right option for you?

Many people are using the online do-it-yourself forms for estate planning. We highly recommend against this, as there are many ways to go wrong if you are not experienced. When you work with the Law Office of John Iaccarino, we use our experience and legal knowledge to help make sure you get all the benefits possible from your estate plan:

  • Optimize tax outcomes: We can make sure you are minimizing tax consequences and maximizing the benefits you can receive.
  • Avoid probate: You want your wills and trusts to be legally effective so that your beneficiaries and executors are not disputing over your intentions. After handling probate law and litigation for many years, we know that this is something you want to avoid.
  • Expedite administration: When your intentions are made clear in your will, there is no chance for dispute. Your wealth is distributed the way you desire and the entire process is as simple as possible. A well-drafted will is a great gift for your family because it helps them know exactly how to hand on your wealth and minimize inter-family disputes.

In addition to the common will and testament, there are many types of trusts and other estate planning documents we can use to help you reach these benefits:

If you are located in the San Francisco Bay Area and would like to schedule an appointment, please feel free to contact The Law Office of John Iaccarino.

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