Why Choose A Revocable Trust Over A Will?
As you think about planning your estate, you probably understand that you need to decide how to divide your assets. You have heard the words “wills” and “trusts” thrown around, but how do you know which is best for you? Many only consider will drafting because they believe trust funds are for the very wealthy.
At Herman Law Firm, LLC, I want to debunk the myth that only those with wealth can create a trust for their loved ones.
What Benefits Can A Trust Offer Me That A Will Cannot?
It’s true that simple wills are less expensive to draft now. However, investing your time and money into forming a trust with the help of a lawyer can be more beneficial to your estate and your heirs later.
A revocable trust can:
- Save time and money in the future by avoiding probate
- Reduce future taxes on your estate
- Continually manage your assets
- Protect your assets from their creditors
- Safeguard your assets from being challenged in court
- Keep your affairs private after your passing
It’s important to remember that even with a will in place, your estate may still have to go through a drawn-out and expensive probate process. For this reason, I encourage the use of a trust when possible. However, I also encourage you to meet with me and discuss the range of options we should consider.
Confidently Build Your Trust
I am attorney Steven Herman, and with my background and knowledge in this area of Georgia law, you can be confident that I am able to help you structure your trusts in a way that fits your wishes.