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Using wills and trusts to create a holistic estate plan

Torrance Probate and Estate Planning Attorney

Using wills and trusts to create a holistic estate plan

Last week on the blog we talked about how to handle hard assets like family heirlooms during estate planning. This can be a difficult task considering the fact that these assets often carry significant sentimental value. This means that many individuals may want to acquire those assets upon your passing, and deciding whom to leave such assets can be challenging. Therefore, you need to take care when determining how you want to distribute those assets upon your passing so that they are handled exactly as you’d like them to be.This, after all, is the challenge of estate planning. To start, you need to envision the future of your estate and your loved ones. Then, you need to develop strategies that seek to bring that vision into reality. This often means utilizing a number of legal vehicles, including wills and trusts.An attorney who is experienced and skilled in estate planning can help guide you through the process. He or she can advise you as to the advantages and disadvantages of each estate planning tool and create a legal strategy that supports your best interests. Therefore, before signing off on a finalized plan, you should have a full understanding of what each trust entails, as well as each will provision, including the conditions placed upon distribution of assets.By working with a legal professional you trust, you can rest assured that you’re estate will be handled in accordance with your wishes. This is no small thing, as far too many people fail to adequately plan for the distribution of their estate on their passing. This is why the legal team at our law firm is dedicated to helping individuals and their families create customized legal strategies that work for them.

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