Should I consider a will or trust to avoid probate?

When it comes to avoiding probate in Pennsylvania, you may want to consider making a will or trust. Depending on your individual circumstances, a will or trust, or both, may be the right course of action for you. A will is a legally binding document that allows you to designate who will receive your property, possessions, and other assets when you die. In Pennsylvania, this document must be in writing, be signed by you and two witnesses, and be notarized in order to be valid. Once you pass away, your estate typically needs to go through probate court in order to transfer your possessions and assets. This process can be lengthy and costly, but a will can help speed up the process and ensure your wishes are carried out. A trust, on the other hand, is designed to hold and manage your assets during your lifetime and allows you to easily transfer your assets to designated beneficiaries upon your death. In Pennsylvania, a trust also needs to be in writing and must be signed by you and two witnesses. Since most trusts do not go through the probate process, they can be a great way to avoid court costs and fees. When considering whether to make a will or trust, it is important to speak with an experienced estate planning attorney to ensure that your individual needs are considered. An attorney can help you determine which estate planning tool is best for you in avoiding probate in Pennsylvania and help you create the necessary documents.

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Should I consider a will or trust to avoid probate?

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