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Wills & Trusts

Wills

At Compass Law Center, we can help you control the distribution of your property after death through creating a will. What is a will you ask? A will is sometimes referred to as a “last will and testament”. It is a document that states a person's final wishes. Upon the death of a person, the will is read by a county court and that same court makes sure that your final wishes are carried out. Sometimes, even though your will can provide for information on how to distribute your assets, your beneficiaries or a named executor will still need to go through a court process called probate to distribute your property. If you have minor children, a will can be used to make arrangements for them.

Sometimes, wills may contain or be part of an estate planning package such as a living trust. A living trust is a legal document, or trust, created during an individual's lifetime where a designated person, the trustee, is given responsibility for managing that individual's assets for the benefit of the eventual beneficiary.

The benefit of a will that is drafted by the Compass Law Center is that it can avoid possible technical mistakes that a person drafting his/her own will might make that could potentially invalidate part or all of a will. While wills prepared by a law firm may seem similar to each other, the attorneys at Compass Law Center can customize the language of wills to meet the needs of specific clients.

Trusts

There are many different types of trusts and they can be irrevocable or revocable. The attorneys at Compass Law Center can help determine a suitable trust for the right purpose for you. Living trusts, as discussed above, is a popular instrument where the settlor can designate himself/herself as the trustee and control the assets of the trust. These assets can include investments, bank accounts, personal property and more. The advantage of such a trust is that it avoids probate and ensures privacy which avoids a lengthy period of time for distribution of the assets and since a living trust is private it is a bit more difficult to to challenge.

If you would like to make the process of having your assets distributed according to your wishes as smooth as possible for your heirs, then hire Compass Law Center to create the proper trust for you.