In our lives, preparing for the future is important. Part of this planning includes deciding what to do with your estate after your death, as well as understanding the difference between a will and a living trust. Unfortunately, not everyone understands the unique differences between a will and a living trust, meaning your family could be left unprotected after you’re gone. Our Plano TX attorneys at the Law Offices of John F. Williams, Jr. can help you better understand the intricacies between both and assist with all your estate planning needs.
For those with little assets and no heirs, a last will and testament should cover all your needs. With this estate plan, you should include the following documents: last will and testament, advance medical directive, health care and power of attorney, durable power of attorney, and an HIPAA release. Our legal experts can better explain these documents to you, as this process can be confusing for those who have never gone through it before. We can ensure that your plan is the best fit for you and covers all your concerns.
For those with high net worth, or own a property or business, a living trust may be the best bet. This estate plan is more advanced than that of a simple will and testament. With this plan, you should include the following documents: living will, pour over will, advanced directive, health care power of attorney, durable power of attorney, and an HIPAA release. As always, we can explain what these documents mean and the importance of them, ensuring your family is fully protected.
For additional information regarding your will and living trust, or to schedule an appointment today, give us a call at 972-527-4500 or visit us online.