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Wills vs Trusts, The Law Office of Libby Banks, Phoenix Estate Planning Attorney

The Law Office of Libby Banks
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77 views 1 year ago
Libby Banks, with the Law Office of Libby Banks, located in Scottsdale, AZ, explains the differences between a Will and Trust. https://libbybanks.com/   / libbybankslegal     / libbybankslegal     / libby-banks-287b106      / @thelawofficeoflibbybanks      / @thelawofficeoflibbybanks      • Estate Planning Lawyer Phoenix AZ | T...      • Estate Planning Phoenix AZ | The Law ...      • Wills vs Trusts, The Law Office of Li...   A proper estate plan should include both and it would be a mistake to assume that a Will on it's own would be enough. With just a Will, your family and heirs will not be able to manage your estate without going through the Probate process. As anyone who has been through probate will tell you, you do not want to place that burden on your heirs. In probate the state has control over what happens to your estate and there is no guarantee that your wishes will be met or that all those you intended to inherit your estate will  …...more
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Wills vs Trusts, The Law Office of Libby Banks, Phoenix Estate Planning Attorney
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2023Sep 29
Libby Banks, with the Law Office of Libby Banks, located in Scottsdale, AZ, explains the differences between a Will and Trust. https://libbybanks.com/   / libbybankslegal     / libbybankslegal     / libby-banks-287b106      / @thelawofficeoflibbybanks      / @thelawofficeoflibbybanks      • Estate Planning Lawyer Phoenix AZ | T...      • Estate Planning Phoenix AZ | The Law ...      • Wills vs Trusts, The Law Office of Li...   A proper estate plan should include both and it would be a mistake to assume that a Will on it's own would be enough. With just a Will, your family and heirs will not be able to manage your estate without going through the Probate process. As anyone who has been through probate will tell you, you do not want to place that burden on your heirs. In probate the state has control over what happens to your estate and there is no guarantee that your wishes will be met or that all those you intended to inherit your estate will receive it. A Will is also an end-of-life document, so if you do not pass away but become incapacitated, a Will does not grant someone you trust with the ability to manage your estate. On the other hand, a Revocable Living Trust appoints a trustee to manage your estate. It allows them to manage your estate without going through the probate process and it also allows them to manage your estate in the unfortunate event that you become incapacitated. Schedule a free consultation with the Law Office of Libby Banks today for a complete estate plan that includes a Revocable Living Trust among other estate planning documents. The Law Office of Libby Banks 602-375-6752 www.libbybanks.com

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The Law Office of Libby Banks

53 subscribers