Should I include a trust or will in my estate plan?

Creating a comprehensive estate plan is a good idea if you want to ensure your assets are distributed according to your wishes after you are gone. Whether or not you should include a trust or will in your estate plan depends on your specific circumstances. A will is a legal document that outlines the distribution of your assets and wishes for any minor children. It also allows you to name someone to handle the affairs of your estate after your death. A will is the most basic and simple estate planning document, and it is usually sufficient for those with modest estates. A trust is a more sophisticated estate planning tool in which you transfer assets to a trustee who will manage the assets on behalf of your beneficiaries. A trust can offer more security and privacy than a will, and it can also help you avoid probate court, which can mean a faster transfer of assets. Trusts are usually more expensive to set up and maintain, so it is best for those with more complex estates. The best way to decide if you should include a trust or will in your estate plan is to speak with an estate planning attorney in Washington. They can assess your assets and help you determine the best way to protect your family and ensure your assets are distributed according to your wishes.

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Should I include a trust or will in my estate plan?

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