What Is The Difference Between Wills And Trusts?
While having a will is important for just about everyone, a will-based plan may not be right for everyone’s situation. For instance, simply having a valid will in place does not mean your estate will avoid the hassle and expense of the probate court process. In fact, simply because it is a will, it must go through the probate process to be administered under Georgia law.
Probate is a public process — almost like a lawsuit filed against yourself — that can be lengthy and costly, depending on the circumstances. For people with moderate to complex circumstances, a will-based plan may not be the best form of estate planning. Further, if you own property outside of Georgia, your estate will likely be required to go through an additional probate process in the state where you own property. Many people ask us with wills vs. trusts: what’s the difference?
Guidance Determining The Right Plan For Your Family
Depending on your assets and family situation, a revocable living trust plan may be a better estate planning tool. Only a seasoned estate planning lawyer can examine your situation and provide the right legal advice for you and your family.
At Emert | Yeom, LLC, we will not force you into one type of estate plan. Rather, we will examine your situation objectively and help you choose which option works best for you and your loved ones. Once the papers are signed and the plan is in place, we offer to get back together with you every three years for a no-cost review to ensure the plan is current and still a good fit.
Schedule A Free Consultation With An Experienced Attorney
We are committed to helping you make educated choices that will serve you and your family best in the future. Emert | Yeom, LLC, has the experience necessary to offer real solutions. We can help you design a plan that you can rely upon through a process we believe you’ll find enjoyable and rewarding.
Let’s get started. Contact our firm online to schedule a free initial consultation, or call us at 678-926-9284. To receive a complimentary consultation, we ask that all clients complete our Estate Planning Questionnaire.