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Posted on July 10, 2020 in Firm News
People generally do not realize how important it is to have a trust. If someone passes away without a trust the assets will generally be probated. Probate is a court proceeding where assets are distributed. Wills are probated. The probate process can take 6 months or more to complete.
Having a trust in place avoids the probate process. Avoiding probate allows assets to be distributed quickly and efficiently. A trust packages consists of:
With all these documents in place one can rest assured that your loved ones will be able to take care of things after you pass away.