Do you need a Will or a Living Trust?
by admin on November 13, 2009
in nashville attorney
Two of the most popular Estate Planning tools are a Will and a Living Trust.
When choosing which you would like drafted, there are various factors to consider.
- A Will costs less to draft but a Living Trust will save your Estate money when you pass away.
- A Living Trust is not subject to probate proceedings like a Will but there is no automatic court supervision to deal with disputes.
- A Will is public record the moment it is opened for probate while a Living Trust remains private.
- With a Living Trust, you are required to title all of your accounts in the name of the trust. You are not required to retitle any of your assets if you have a Will drafted.
These are just a few of the factors to consider when deciding if you need a Living Trust or a Will.
If you would like more information, you can contact our office for a consultation.
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