Wills, Trusts, & Estates
Wills
A will is a signed document that designates what happens to an individual's property upon their death. In order to be valid, a will must adhere to state and federal law. If an individual dies without an established will, their property will be handled as determined by the law, resulting in the transferring of property to one's most related family member. Any adult of sound mind can construct a will, however, state laws are constantly changing, so contact us at Welton Law Firm and let us help you form yours today.
With a will you can...
- Designate property beneficiaries
- Revise your will
- Name guardians for children or name property managers for children's property
- Name an executor
- Designate the handling of taxes and debt
Trusts
Like a will, a trust allows an individual to designate beneficiaries for property, however, a trust has some different qualities and abilities.
With a trust you can...
- Designate property beneficiaries
- Revise your trust
- Avoid probate
- Retain privacy
- Avoid court challenges
- Avoid a conservatorship
Estate/probate
Once an individual has died, their estate will be distributed as directed through predetermined law, or the individual's will or trust. If the deceased does not have a valid trust, then their estate is subject to probate. This process is the final validation of the will. Our attorneys at Welton Law Firm have many years of practice handling the probate process. Let our experienced professionals make this process easy for you. Call us today!