Who Needs a Will?

Estate planning is important for every responsible adult. People who are younger sometimes do not see the need, but anything can happen to anyone at any time, and it is important to be prepared. At minimum, you should have a last will stating your final wishes, even if you are a relatively young adult. At the same time, a last will is not the only vehicle of asset transfer that can be utilized, and it is not always the best choice. There are a number of different trusts that can accomplish varying objectives. You should explore all of your options and make fully informed decisions. Pour-Over Wills One type of trust that is often used is the revocable living trust. If you were to have a living trust, you would still need a will called a pour-over will. This will would allow the trust to capture assets there were in your personal possession at the time of your death. Living Wills The facilitation of asset transfers is not the only thing to think about when you are planning your estate.


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