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The Importance Of Wills And Trusts

Wills and trusts are the primary tools that an estate planning attorney has at their disposal. They are – at their core – very similar to each other and accomplish the same task: providing heirs with assets according to their late loved ones’ wishes. However, there is so much more to remember about them.

At The King Firm, PA, our attorneys understand Florida estate planning and probate law backward and forward. They’re dedicated to our clients from Tampa Bay, St. Petersburg and across the state who turn to them for information and representation. Their attentive, detailed service can help you not just write the estate plan you want but also make savvy choices that reflect the complex nature of your legacy.

What Is The Difference Between A Will And A Trust?

While the goal of a will and a trust is the same, the way they go about meeting it is different. They are two separate legal strategies, and it’s essential to understand their distinctions, such as the following:

  • Wills: A will is a legal document that you write with your attorney. It outlines your assets and how you wish to distribute them. It can also name your executor. In addition, it may be a vehicle to limit who your assets should and should not go to.
  • Trust: A trust is a distinct legal entity that you can create with your attorney. It can hold assets, such as property or money. However, when your assets go to a trust, you are no longer technically the owner of those assets.

These two methods can work independently or together for your estate. You may create multiple trusts for multiple purposes if necessary. You have endless options.

How To Make The Right Choice

The biggest secret in estate planning law is that there is no one way to do anything. There are many ways to do the right thing for your heirs, legally speaking. Your only limit is what you think makes the most sense for your specific real-life situation.

That’s where our lawyers’ advice makes the most impact for our clients. They advise on options and guide you through your decision-making process. And, they don’t waste your time. Your time is as important to them as it is to you. Our attorneys make this process as fast and easy as they possibly can.

Get Your Free Consultation Today

Our team is ready to provide you with a free consultation on your estate planning issues and explain how to use wills and trusts to secure your legacy for your family. Call us today at 888-712-4771 or send an email.