Why Wills And Revocable Trusts Are A Smart Combination

When clients come to visit us at Liberty Street Estate Planning, they are sometimes surprised that we can offer a will,revocable trust power of attorney and health care directive as part of a reasonable fixed-price package. Many persons who search online for legal guidance in estate law planning may assume that if they have prepared a will with the assistance of an online program, they have "covered all their bases" as far as planning for the future of their estate is concerned.

Not true. For example, Tom Greene often pairs wills and revocable trusts together if they complement one another in significant ways and offer flexible options not available by simply writing a will.

Why It May Be Smart To Add A Trust To Your Estate Plan

There are many reasons to consider using a revocable trust in combination with a will in your estate planning. Here are a few of the most important:

  • A trust can place all of the assets you designate is of the trust — and provide an immediate way for the trustee to distribute them immediately after your death, without probate.
  • A will and a revocable trust, drafted in conjunction with each other, can save your survivors the hassle of being unable to access your assets for months after your death, as can be the case when probate is involved.

We examine the financial condition of your estate closely and will advise you on your options for protecting your legacy. The documents we draft for you will be tailored precisely to ensure your assets are protected and that everything will be safely transferred after you pass away. Also included in your planning packages will be advance directives for health care, and power of attorney documents to authorize an agent to speak on your behalf if you are incapacitated.

Contact Us Today For Our Estate Planning Packages

We serve estate planning clients throughout Georgia and across the country. Call 706-207-0401, or reach out to us via our email contact form.