Why You Need a Will Now

Tuesday, June 2, 2015 | 7:21 pm

It’s not morbid at all to think of your will as early as now. You have worked hard to gain your assets—your cash in the bank, your home, your other properties—that it’s just natural to think of who will look after them or benefit from them when you’re gone.

Consider this a crash course on wills and trusts.

A will is a written document that is signed and witnessed, revealing how your property will be distributed when you pass away. It’s revocable and can be changed any time during your lifetime.

A living trust, on the other hand, is all about lifetime and after-death property management. Through a living trust, you can avoid probate on your property and control what happen to your property at the time of your death. It’s more expensive and it has to be immediately managed after drafting it.

Planning your estate also means you need to name an executor, someone you trust who would make sure that your assets are distributed to the beneficiaries mentioned in your will. When your children are still young, it’s also best to appoint a guardian who would ensure their financial and physical well-being after you’re gone.

Setting up wills and trusts is no easy matter—there are a lot of things to consider, from family histories and complications among loved ones to health issues for dependents. That’s why you need an estate attorney who will walk you through the legal and even emotional processes.

An estate attorney like Michael Allen will be with you every step of the way as you decide what will happen to your home, financial assets, and other personal possessions. This Pasadenan lawyer will take care of everything, from drafting the will to creating a living trust, from creating business, education, retirement, and other trusts to drawing up health care and general powers of attorney.

Allen will sit down with you and discuss the benefits of getting a will versus a trust after collecting all necessary information, like lists of your assets and your beneficiaries.

Starting estate planning early with an attorney you trust can help set your mind at ease for your future—and your loved one’s.

The Law Office of Michael Allen is located at 2181 E. Foothill Blvd Pasadena. For more information, call (626) 808-4583 or visit www.legalsevicepasadenaca.com/will_and_trust_law.html.

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