Although people do not like to think about dying, putting estate matters in order is a great way to gain peace of mind about the future of your family. Wills and trusts are two of the most common tools people use to express their wishes and preserve wealth for their descendants. At Holstrom, Block & Parke, APLC, we understand our clients’ wishes regarding their estates, and we carefully draft wills and trust instruments designed to address each of their specific goals.
Wills and living wills may can vary in degree of detail. Generally speaking, wills dictate who will receive specific property (the “devisees”), how minor children should be cared for, charitable bequests, and a great deal more. Though many people believe that the establishment of trusts alone can be used to transfer assets, avoid probate court, and ensure a smooth transfer of wealth with minimal tax liability, our lawyers advise everyone to have a will as well.
Because trusts come in an almost unlimited variety, we won’t try to describe every type here. Suffice it to say that there are two general types: revocable and irrevocable—each category covers a variety of specific types.
Some of the more common specific types our firm has created for families and individuals:
If you have been wrongfully excluded from a will, you should know that with attorneys working to protect your interests, it is possible to contest a will and secure what you are entitled to. By the same token, if you believe that someone’s challenge to a will is groundless, experienced legal representation can protect your interests in that situation as well. The circumstances surrounding will contests are often as emotional and complex as family dynamics themselves.
Generally, allegations that form the basis for a will contest involve the following types of claims:
There is no one-size-fits-all approach to estate planning, and an estate plan typically needs to be tailored to an individual’s particular needs. Because your needs change over time, reviewing your will and other estate planning tools with an attorney on a regular basis can help you to ensure that your estate plan will continue to reflect your goals.
For a free phone consultation with an attorney, call our office directly at (951) 666-5191 or schedule an appointment by contacting us online.