Archonix Law

What are Wills & Trusts?

Wills

A Will is a legal document that explains who will recieve your assets when you die, and it can also name guardians for any children you have. It essentially "speaks" for your intentions following your death, telling the court and your loved ones what you wanted to happen to your belongings.

Trusts

A Trust is a bit more complicated. It's a legal arrangement where a person (the "Grantor") gives control of their assets to someone else (the "Trustee") to manage for the benefit of other individuals (the "Beneficiaries"). Trusts can start while the grantor is still alive and may help to manage and distribute assets even before death.

Why are Wills & Trusts important?

Living Wills

Last Wills and Testaments

Pour-over Wills

Pet Trusts

Special Needs Trusts

Charitable Trusts

Clear Distribution of Assets

Having a will or a trust ensures that your assets go to the people you care about, avoiding confusion or disputes after your death. Without these important documents, state laws will decide who gets your property, which might not align with your wishes.

Control & Flexability

Without a will, state laws (interstate succession) dicatate how your assets are distributed, which might not align with your intentions. On the other hand, trusts offer a way to control not just who recieves your assets, but also how and when they recieve them, which is particularly useful for managing wealth for minors or those with special needs.

Avoiding Probate

Assets in a trust usually bypass the Probate process, which can be lengthy, costly, and public. This can result in quicker distribution of assets and lower legal fees to beneficiaries.

Protecting Loved Ones

A will or trust can name guardians for minor children or provide for someone who needs care. This ensures that your loved ones are looked after according to your specific preferences.

Tax Planning

Trusts can be structured to minimize estate taxes, especially for larger estates. They can also help in protecting assets from creditors or in case of divorce.

For our clients, the practice of creating wills and trusts is about making sure their wishes are respected, both during their lifetime, and after they're gone. It offers peace of mind that their assets will be handled properly and according to their wishes while ensuring that their loved ones won't have to face unnecessary complications or delays.

At Archonix Law, we are here to help you plan for your future in protecting your assets and your family. Whether you need a simple will or a more complex trust, we will guide you through the process and create a tailored plan to secure your legacy and support your loved ones.