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Desert Valley Legal
Support Services, Inc.

Desert Valley Legal Support Services, Inc. - Estate Planning And Trusts Prepared By Professionals.
(702) 636-1947
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(We Serve All 50 States)

Estate Planning And Trusts & Why Learning How To Write A Will Is Important

The use of estate planning and trusts involves the transfer of property upon death. There are many factors to consider when trying to figure out how to write a will.  But the most important factor to understand is that if you die without a will, your state's laws of descent and distribution will determine who receives your property by default. A state's plan often reflects the legislature's guess as to how most people would dispose of their estate and builds in protections for certain beneficiaries, particularly minor children. That plan may or may not reflect your actual wishes.  Understanding how to write a will as it relates to estate planning and trusts allows you, not the state, to determine how your estate will be dispersed. Estate planning and trusts are at the center of the process involving the use of a will and may involve the use of professional advisors who are familiar with your objectives and issues, understands your asset situation, how your assets are owned, and your family structure. When learning how to write a will, estate planning and trusts may involve the services of lawyer, financial planner, banker, accountant, life insurance advisor and a broker.

How To Write A Will When Estate Planning And Trusts Are A Part Of The Process

You want to know how to write a will when estate planning and trusts are an important part of this process.  The term trust describes the holding of property by a trustee in accordance with the provisions of a written trust instrument for the benefit of one or more persons called beneficiaries. A person may be both a trustee and a beneficiary of the same trust. A trust created by your will is called a testamentary trust and the trust provisions are contained in your will.

Estate Planning And Trusts & How To Write A Will Using A Revocable Living Trust

A living trust may be revocable or irrevocable. Either type of trust can be designed to accomplish the goal of property management, assistance to the settlor in the event of mental or physical incapacity, and disposition of property after the death of the settlor of the trust.

A "living trust" is legally in existence during your life, has a trustee who is currently serving, and owns property which you transfer to it during your life. While you are alive, the trustee (who may, or may not, be you) is responsible for managing the property as you direct for your benefit. Upon your death, the trustee is generally directed to either distribute the trust property to your beneficiaries, or to continue to hold it and manage it for the benefit of your beneficiaries. Like a will, a living trust can provide for the distribution of property upon your death. Unlike a will, it can also (a) provide you with a vehicle for managing your property during your life, and (b) authorize the trustee to manage the property and use it for your benefit, or the benefit of your family, if you should become incapacitated, avoiding the appointment of a guardian for that purpose.

Desert Valley Legal Support Services, Inc. Can Assist You With Your Estate Planning And Trusts At A Reasonable Price

Estate planning and trusts are not only for the wealthy but the cost of preparing for that fateful day can anyone a heart attack. Many people with limited assets choose to create trusts either during their life or in their wills for the benefit of their children in case both parents die before all their children have reached an age deemed by them to indicate sufficient maturity to handle property.  Desert Valley Legal Support Services, Inc. can help prepare the legal documents at a significantly lower cost than an attorney.  Contact Desert Valley Legal Support Services, Inc. today and make living a little easier knowing your estate will be in good hands.