Do I need a will or trust?
August 1, 2024 – Matthew S. Akers & Douglas McCarthy
A will is a foundational estate planning tool. Anyone who is at least 18 years old can benefit from having a will, which is where you can pass on any property to your beneficiaries, appoint guardians for minor children, and name caretakers for your pets. To be legally valid, the person creating the will (the testator) must be of sound mind, create the will without the undue influence of others, and sign the will. Two independent witnesses must also sign the will.
Ask A Question, Describe Your Situation,
Request A Consultation
Contact Us Today For a Consultation
Your Information Is Safe With Us
We respect your privacy. The information you provide will be used to answer your question or to schedule an appointment if requested.
Related Blog Posts
What happens when people die without trusts or wills?
If you die without a trust or a will, your assets will be distributed according to Virginia’s intestacy laws, which may or may not comply with your wishes or serve…
Do I need a will or living trust?
Everyone over 18 needs a will. However, trusts—including living trusts—may not be appropriate for all individuals. Consult a law firm experienced in wills and trusts to determine what’s right for…
What assets can be placed in trusts?
You can place many kinds of assets in trusts, including real estate, stocks, bonds, and bank accounts.
Is a trust better than a will?
Because each legal instrument serves a specific purpose, it’s not really a question of which one is better. While everyone over 18 should have a will, trusts may not be…