Waco Wills & Trusts Attorneys
Let Blanchard & Thomas Take Care of the Details
Nobody likes to think about the inevitable, but you can have peace of mind knowing that your loved ones will be cared for when that day comes. If you are looking for a wills and trusts attorney in Waco, Dallas, Marlin, Temple, or the surrounding areas, trust the legal team at Blanchard & Thomas. We will work with you on a personal level to provide a thorough understanding of what you and your family need to appropriately plan your estate. The sooner you get your affairs in order, the sooner you will have the satisfaction that comes with knowing that everything is in place.
Contact us today to schedule your initial consultation.
Difference Between a Will & a Trust
A will is essentially a set of instructions that is carried out after your death. These instructions include how you wish to divide your assets and who you wish to name as guardian for any minor children you may have. As part of making a will, you must name an executor who will oversee the carrying out of your instructions. Many times, the executor is a spouse, adult child, family member, or friend. Every time a major life event happens, you must update your will to reflect those changes.
Here are some things a will does not do:
- A will does not allow for avoidance of probate court.
- A will does not name someone to make medical or legal decisions if you are incapacitated.
- A will does not keep everything private; it is a public document.
A trust is set up in order to control your assets. After you create the trust, you choose trustees and beneficiaries. Trustees are individuals who take charge of the assets named in the trusts, while beneficiaries are those who receive the assets. In some cases, the trustee and the beneficiary can be the same individual. Trusts involve a lot of work in the initial stages and maintenance throughout your life.
Here are some things a trust does not do:
- A trust doesn’t select a legal guardian for minor children.
- A trust doesn’t include any assets you forgot.
- A trust doesn’t have any flexibility after your death.
Deciding whether you should set up a will or a trust is a conversation best had with an experienced attorney. At Blanchard & Thomas, we can evaluate your situation and help you determine what best fit your needs and the needs of your loved ones.
Call (866) 251-0624 for Peace of Mind
With years of experience, our attorneys can help you navigate the complexities of wills and trusts and come up with a solution to your specific circumstances. We are here to help you work through any obstacles you face and to provide you with the resources you need to make an informed decision about your future. Get in touch with our team today to learn more.